Browsing: Business

UK inflation rose to 2.6% in November, reflecting rising energy costs and wage pressures, according to the ONS. Core inflation also rose to 3.5%, underscoring persistent challenges.

Markets opened higher Monday as investors awaited the Federal Reserve’s meeting, with key rate decisions and 2025 projections expected, while Nasdaq reshuffle pressured Super Micro and boosted MicroStrategy.

The Federal Reserve is likely to cut rates again next week, marking the third reduction since September, potentially easing financial pressure on borrowers while savings account yields remain competitive.

Russia’s central bank reduced dollar and euro rates while increasing the yuan’s value, reflecting its pivot to Asia amid pressures on the ruble from global market trends.

Germany faces a 0.2% GDP drop in 2024, marking its second contraction year, as structural challenges and trade risks weigh on recovery, Bundesbank and ECB warn.

The UK economy contracted by 0.1% in October, marking the second consecutive monthly decline. Businesses express concern over tax hikes, raising fears of job cuts and reduced investment.

Global trade will hit $33 trillion in 2024, driven by services sector growth, while goods trade lags behind, UNCTAD reports. Opportunities exist for diversification despite challenges.

The EU spent €381.4 billion on R&D in 2023, up 6.7% from 2022, maintaining an R&D intensity of 2.2%, with the business sector leading investment at 66% of total funding.

Political instability in France and Germany challenges EU economic stability, with trade tensions, industry disruptions, and leadership voids deepening the strain.

MENA Newswire News Desk: Olivier Andriès, CEO of French aerospace giant Safran, has expressed significant concerns regarding the potential impact of ongoing political…