China vows to ‘moderately’ strengthen fiscal policy to bolster economic recovery
China’s Politburo said Friday that it would continue to implement “proactive” fiscal policies and “prudent” monetary policies next year.
Financial News
Biden’s support of Israel leaves him as isolated as Russia on the world stage, analyst says
Washington’s stated unconditional backing of Israel has been a longstanding pillar of its Middle East foreign policy.
Putin arrives in the UAE for rare trip, before visiting Saudi Arabia
The visits are his first to the region since Russia invaded Ukraine in February 2022.
Moody’s cut China’s credit outlook to negative on rising debt risks
This move underscores concerns over rising debt levels and the impact on broader growth in the world’s second-largest economy
Spotify to lay off 17% of employees — read the full memo CEO Daniel Ek sent to staff
Music streaming service Spotify is laying off 17% of its workforce, CEO Daniel Ek said Monday.
IMF chief makes the case for carbon pricing as ‘writing on the wall’ for oil and gas
The head of the International Monetary Fund on Sunday underlined the case for carbon pricing at the COP28 climate summit.
Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen
Federal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead.
Bill Gates warns the world is likely to smash through a critical warming threshold
Billionaire philanthropist Bill Gates on Friday said the world is likely to overshoot 2 degrees Celsius of global warming.
Euro zone inflation sinks to 2.4%, below expectations
Euro zone price rises cooled to 2.4% November, flash figures showed.
Former Trump advisor says the U.S. economy is ‘back to normal,’ but markets may be jumping the gun on rate hikes
The market is getting ahead of the likely pace of U.S. interest rate cuts, according to IBM Vice Chairman Gary Cohn.