{
GDP Growth & Recession Forecasts

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}
Cohn emphasizes importance of Trump's Treasury secretary selection process
Gary Cohn, former chief economic adviser to Donald Trump, emphasized the significance of selecting a Treasury secretary for the president-elect's second term. He stated that while the decision-making process may seem prolonged, it is crucial to ensure the right choice is made for this vital role.
Bloomberg.com
USA Gary Cohn Donald Trump
Finance & Economy, Transcript
14:52 21.11.2024
understanding xi jinping's motivations in a changing global landscape
As Donald Trump assembles a foreign-policy team filled with China hawks, understanding the evolving dynamics of U.S.-China relations is crucial. With a weakened Chinese economy, rising tensions over Taiwan and the South China Sea, and the global impact of the Ukraine war, new strategies must consider Xi Jinping's motivations and the risks he is willing to take.
The Economist
Apple Inc. CHN Marco Rubio Mike Waltzer Xi Jinping Show more
Finance & Economy, News Article
14:52 21.11.2024
China implements measures to safeguard exports amid US tariff threats
China has unveiled new policy measures to safeguard its export sector in response to potential tariff increases by the incoming Trump administration, which could raise duties by about 60%. The measures aim to counter "unreasonable foreign trade restrictions" and foster a supportive environment for exports. Key initiatives include expanding export credit insurance and enhancing financing support for international trade enterprises.
Moneycontrol
United States Dollar Apple Inc. Reuters USA CHN Xi Jinping Donald Trump
Finance & Economy, News Article
14:40 21.11.2024
low tax cantons oppose proposed changes to federal revenue distribution
The Finance Committee of the Council of States proposes changing the distribution of additional revenue from the OECD minimum tax from 75/25 to 50/50, aiming to bolster federal finances and increase the army budget. This has sparked irritation among low-tax cantons like Zug and Lucerne, which feel unfairly targeted after previously approved tax structures. They argue that retrospective tax adjustments by other cantons undermine the reliability of decisions made by parliament and the populace.
Tages-Anzeiger
Swiss Franc Apple Inc. Google Inc. Facebook Microsoft Corporation Amazon.com, Inc. CHE Heinz Tännler Jakob Stark Reto Wyss Show more
Finance & Economy, News Article
14:26 21.11.2024
South African retailer Mr Price plans expansion amid rising sales and optimism
Mr Price Group Ltd., South Africa’s leading clothing retailer, is set to expand its store presence in the latter half of the financial year following a surge in sales that has driven its shares to record highs. CEO Mark Blair noted a positive shift in the core market, attributed to increased confidence in the new government, a reduction in power outages, and a decline in the unemployment rate for the first time in a year.
bloomberg.com
Mr Price Group Limited ZAF Mark Blair
Finance & Economy, Market Report
14:18 21.11.2024
uth africa central bank implements cautious interest rate cut to 7.75 percent
South Africa's central bank has implemented a cautious quarter-point interest rate cut, reducing the benchmark rate to 7.75%. This marks the second consecutive meeting with a rate decrease, as policymakers indicate that further cuts may be possible, although the economic outlook remains highly uncertain. Governor Lesetja Kganyago confirmed that the decision aligns with the expectations of economists surveyed.
Bloomberg.com
South African Rand South Africa Central Bank ZAF Lesetja Kganyago
Finance & Economy, News Article
14:08 21.11.2024
greece plans to issue 8 billion euros in new bonds for 2025
Greece plans to issue up to €8 billion in new bonds in 2025, covering approximately three-fourths of its annual financing needs. This borrowing will help meet the state's total financing requirement of €11 billion, with the remainder sourced from European funds and other avenues. In 2024, Greece successfully sold €9.5 billion in bonds.
bloomberg.com
Euro PDMA GRC Dimitrios Tsakonas
Finance & Economy, Market Report
13:56 21.11.2024
ri lanka shifts from free-market pioneer to leftist policies
Sri Lanka, once a leader in free-market capitalism in South Asia, shifted its economic policies under J.R. Jayewardene after he gained power in 1977. His administration implemented significant reforms that dismantled the leftist policies of the previous two decades, marking the country's first steps towards economic liberalization, supported by Western governments wary of Soviet influence.
The Economist
United States Dollar Apple Inc. LKA Junius Richard Jayewardene
Finance & Economy, News Article
13:28 21.11.2024
tap air portugal reports strong recovery and financial stability in 2024
TAP Air Portugal reported a net profit of 117.8 million euros for Q3 2024, down 62.8 million euros from last year, yet showing a 2% revenue increase compared to 2019. Despite challenges like rising personnel costs and currency losses, the airline's capacity reached 97% of pre-crisis levels, with a load factor of 86.2%. The company maintains a strong liquidity position of 943.1 million euros and continues to invest in fleet modernization and expansion, particularly in the Brazilian market.
Aviation.Direct
Euro TAP Air Portugal BRA PRT Luís Rodrigues
Finance & Economy, Market Report
12:56 21.11.2024
Kuwait plans $33 billion investment to increase oil production capacity
Kuwait Petroleum Corp. plans to invest approximately 10 billion dinars ($33 billion) over the next five years to enhance its oil production capacity. CEO Sheikh Nawaf Al-Sabah emphasized that these investments aim not only to maintain but also to grow production in response to anticipated strong demand for decades.
bloomberg.com
United States Dollar Kuwaiti Dinar Kuwait Petroleum Corporation KWT Nasser Al-Mohammed Al-Sabah
Finance & Economy, Market Report
12:24 21.11.2024
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