Europe’s blockbuster trade deal with South America is deeply controversial. Here’s why
Analysts expect a bumpy ratification process, with farmers and some EU member states warning the deal could create unfair competition for European agriculture.
Financial News
Government shutdown crisis averted after Biden signs stopgap funding bill
President Joe Biden signed a government funding bill on Saturday that averted a government shutdown.
Government shutdown averted after Senate passes bipartisan House stopgap funding bill
President Biden is expected to sign the bill Saturday.
‘Tariffs all the way’: Trump says European Union must buy U.S. oil and gas in trade ultimatum
Donald Trump made threats of sweeping tariffs on U.S. trading partners a key part of his presidential campaign.
Wharton’s Jeremy Siegel says stock sell-off is ‘healthy’ as cautious Fed gives investors a ‘reality check’
Wharton’s Jeremy Siegel expects the Fed to pare back the number of rate cuts next year, with just one or two reductions.
UK inflation rises to 2.6% in November, in line with expectations
UK inflation data comes after wage growth quashed any last expectation for a final 2024 rate cut from the Bank of England.
Germany’s auto giants were already reeling. Now Trump wants to turn them into American companies
For Germany, the prospect of U.S. tariffs on European autos comes at a time when it’s top original equipment manufacturers (OEMs) are already reeling.
Bank of Japan expected to keep rates on hold this week — CNBC survey
The central bank is expected to keep interest rates on hold this week, awaiting clarity on domestic trends and U.S. policy under Trump, a CNBC survey finds.
South Korea’s President Yoon impeached after failed attempt to impose martial law
The South Korean leader initially survived a first impeachment motion a week prior after allied lawmakers boycotted the vote.
Tech companies most threatened by Trump are donating to his inauguration fund
Amazon, Meta, and OpenAI CEO Sam Altman have all announced $1 million donations to Trump’s inauguration fund.