Browsing: Business

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 instability in France on the nation’s defense budget and investor confidence. Speaking at a recent industry forum, Andriès highlighted the risks posed to companies like Safran, which rely heavily on stable government policies to support their operations and strategic development. Safran, a leading player in aerospace and defense, holds a critical position within the French industrial ecosystem. The company, which is partially state-owned, produces advanced propulsion systems, aircraft engines, and defense technologies. It is a key supplier to both civil…

UK services sector slowed in November as rising employment costs weighed on growth, with PMI data showing lower confidence, weak orders, and growing inflationary pressures.