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Today: January 24, 2025
Today: January 24, 2025

Economy

Business|Economy|Environment|Europe|Political

EU to target AI, biotech, cheap energy in global competitiveness push

AI, biotech and affordable clean energy will be the focus of an EU drive to make the bloc globally competitive and ensure it

EU to target AI, biotech, cheap energy in global competitiveness push
Business|Economy|Finance|Stock Markets|US

AmEx revenue beats expectations on strong holiday spending

American Express beat expectations for fourth-quarter revenue on Friday, as more consumers swiped its cards during the holiday season for travel

AmEx revenue beats expectations on strong holiday spending
Business|Economy|MidEast|Political|World

Saudi $600 billion package with US includes investments, procurement, minister says

Saudi Economy Minister Faisal Alibrahim said on Friday that the kingdom's $600 billion expanded package with the United States includes investments as well as procurement

Saudi $600 billion package with US includes investments, procurement, minister says
Business|Economy|MidEast|World

Fire at Iraq's Rumaila oilfield extinguished, oil ministry says

A fire at Iraq's Rumaila oilfield was brought under control on Friday, the country's oil ministry said in a statement, adding that there were no serious injuries.

Fire at Iraq's Rumaila oilfield extinguished, oil ministry says
Business|Economy|Finance|MidEast|Stock Markets

Investcorp could consider listing in 3-5 years, eyes US retirement savings

Investcorp could consider a public listing in the next three to five years, its vice chairman said on Friday, as the Middle

Investcorp could consider listing in 3-5 years, eyes US retirement savings
Economy|Political|US

Elon Musk’s DOGE is coming for the penny

Elon Musk’s DOGE is coming for the penny

Elon Musk’s DOGE is coming for the penny
Business|Economy|Finance|Political|Stock Markets|US

Wall St muted as investors assess economic data; Boeing slips

Wall Street's main indexes struggled for direction on Friday, as investors avoided big bets and assessed fresh data to gauge the health of the economy,

Wall St muted as investors assess economic data; Boeing slips
Business|Economy|Europe|Finance

Stumbling growth and stubborn inflation: the BoE's rate cut challenge

The Bank of England must contend with a slowdown in Britain's economy but also stubborn inflation pressures when it considers whether to cut

Stumbling growth and stubborn inflation: the BoE's rate cut challenge
Business|Economy|Stock Markets|US

Venture Global valued at $58 billion as stock dips in NYSE debut

Venture Global's shares opened nearly 4% below the offer price in their debut on the New York Stock Exchange on Friday, giving the LNG exporter a valuation

Venture Global valued at $58 billion as stock dips in NYSE debut
Business|Economy|Europe|Political|Technology|US

In Davos, European executives join Trump's call for action on deregulation

Business leaders in Davos joined calls by U.S.

In Davos, European executives join Trump's call for action on deregulation
Economy|Political|US|World

Putin echoes Trump's claim that conflict in Ukraine could have been avoided had he been in office

Russian President Vladimir Putin has echoed U.S. President Donald Trump’s claim the conflict in Ukraine could have been prevented had he been in the White House in 2022

Putin echoes Trump's claim that conflict in Ukraine could have been avoided had he been in office
Economy|Europe|Political|US|World

Kremlin says Putin is ready to talk to Trump and is waiting for word from Washington

Russian President Vladimir Putin is ready to hold a phone call with U.S.

Kremlin says Putin is ready to talk to Trump and is waiting for word from Washington
Business|Economy|Political|Technology|US

U.S. lawmakers are light on crypto heading into new Trump era

By Douglas Gillison, Tom Bergin, Chris Prentice and Isla Binnie WASHINGTON - President Donald Trump’s administration is expected to usher in a boom time for crypto but a Reuters review shows very few

U.S. lawmakers are light on crypto heading into new Trump era
Economy|Finance|Political|Stock Markets|Technology|US

Fed's rate-cut view set to test resurgent US stocks rally

The Federal Reserve's first meeting of 2025 in the coming week stands to test the resurgence in U.S. stocks as investors gauge the extent of more equity-

Fed's rate-cut view set to test resurgent US stocks rally
Americas|Business|Economy|Political|World

As Cuba-US relations sour, the island needs dollars more than ever

Cash-starved Cuba this month opened the first grocery store to accept hard U.S. currency on the island in nearly two decades, the latest sign in a trend towards

As Cuba-US relations sour, the island needs dollars more than ever
Business|Economy|Political|US

Aerospace suppliers scramble to cushion blow of looming Trump tariffs

Canadian helicopter parts supplier Optima Aero is already moving inventory south of the border to

Aerospace suppliers scramble to cushion blow of looming Trump tariffs
Business|Economy|Europe|Finance|Stock Markets|US

Dollar swoons as BOJ hikes, euro zone grows, yuan relieved

A look at the day ahead in U.S. and global markets from Mike Dolan The dollar fell to its lowest of the year as the Bank of Japan delivered a long-awaited interest rate rise on Friday, euro business

Dollar swoons as BOJ hikes, euro zone grows, yuan relieved
Business|Economy|Finance|Political|US

A Fed on hold, for now, eyes strong jobs, easing inflation

At their last meeting in December, U.S.

A Fed on hold, for now, eyes strong jobs, easing inflation
Business|Economy|Finance|Political|US

Fed to hold rates steady at an unsteady moment

U.S.

Fed to hold rates steady at an unsteady moment
Economy|Europe|Political|World

Hungary wants the EU to intervene in a gas dispute with Ukraine

Hungary wants the European Union to intervene in a gas dispute it has with Ukraine, a potential sign of friction in the bloc’s upcoming discussions over renewing sanctions against Russia

Hungary wants the EU to intervene in a gas dispute with Ukraine
Business|Economy|Political|Technology|World

Russians could face jail for divulging logistics of sanctioned goods

A Russian draft law proposes punishment of up to seven years in prison and heavy fines for the public disclosure of information about the supply chains of sanctioned goods imported

Russians could face jail for divulging logistics of sanctioned goods
Business|Economy|Finance|Political|World

World inflation not fully defeated yet, IMF's Georgieva says

Global policymakers have made remarkable progress in tackling inflation without inducing a recession, but some work remains to be done, International Monetary Fund Managing Director

World inflation not fully defeated yet, IMF's Georgieva says
Business|Economy|Technology|US|World

Japan's JERA plans to expand US LNG purchases to diversify energy supply

Japan's top LNG buyer, JERA, plans to increase its purchases of liquefied natural gas from the United States to diversify its supply and meet demand

Japan's JERA plans to expand US LNG purchases to diversify energy supply
Business|Economy|Finance|Stock Markets|US

US equity fund outflows ease on renewed hopes for Fed rate cuts

Outflows from U.S. equity funds cooled to the lowest in three weeks in the week to Jan. 22, buoyed by shifting expectations for a pause in rate cuts after a benign U.S. core inflation

US equity fund outflows ease on renewed hopes for Fed rate cuts
Asia|Business|Economy|Political

China Jan manufacturing activity seen expanding for fourth month: Reuters poll

China's factory activity likely expanded for a fourth month in January, highlighting the supply-side strength of the world's No.2 economy, which is bracing for U.S. tariff hikes

China Jan manufacturing activity seen expanding for fourth month: Reuters poll
Business|Economy|Europe|Finance|World

Probably time to invest in Europe, BlackRock's Fink tells Davos

There is too much pessimism around Europe and it could be time to be investing back in the region, BlackRock CEO Larry Fink said at the World Economic Forum annual

Probably time to invest in Europe, BlackRock's Fink tells Davos
Economy|Europe|Political

German public sector employees kick off wage negotiations

A first round of wage talks for more than 2.5 million public sector employees in Germany kicked off outside Berlin on Friday.

German public sector employees kick off wage negotiations
Asia|Business|Economy|Finance|Political

China 2024 fiscal revenue growth shrinks, non-tax income jumps

China's fiscal revenue in 2024 grew 1.3% from a year earlier, slowing sharply from a 6.4% rise in 2023, finance ministry data showed on Friday, as a protracted property market slump

China 2024 fiscal revenue growth shrinks, non-tax income jumps
Asia|Business|Economy|Finance

China's 2024 local government land sales see 16% drop in revenue

Revenue from land sales by China's local governments dropped 16% in 2024 compared with the previous year, finance ministry data showed on Friday.

China's 2024 local government land sales see 16% drop in revenue
Business|Economy|Finance|Political|Stock Markets|Technology|US

Global equity funds gain inflows on Fed rate cut hopes, Trump's AI plans

Global equity funds gained a fourth weekly inflow in five weeks in the week through Jan. 22 spurred by optimism for U.S.

Global equity funds gain inflows on Fed rate cut hopes, Trump's AI plans
Economy|Europe|Political|US|World

Kremlin says Ukraine conflict is about national security, not oil

The Ukraine war is about Russia's national security and not about oil prices, the Kremlin said on Friday after U.S. Donald Trump called for a cut in the price of oil.

Kremlin says Ukraine conflict is about national security, not oil
Business|Economy|Europe

Spain's manufacturing prices rise 2.3% in 2024 from a decline in 2023

Energy costs lifted Spanish manufacturing prices in 2024 following a contraction in the previous year, the National Statistics Institute (INE) said on Friday.

Spain's manufacturing prices rise 2.3% in 2024 from a decline in 2023
Business|Economy|Europe|Finance|Political

Slow UK growth ticks up in January but price pressures surge, PMI shows

Tepid growth across British businesses picked up slightly at the start of 2025 with employment and optimism contracting again while price pressures rose, according to a survey

Slow UK growth ticks up in January but price pressures surge, PMI shows
Business|Economy|Europe|Finance

Italian bank Monte dei Paschi launches 13 billion euro takeover bid for peer Mediobanca

Italian bank Monte dei Paschi di Siena has announced it is launching a 13.3 billion euro takeover bid for larger peer Mediobanca in a surprise move that could reshape the country’s banking sector

Italian bank Monte dei Paschi launches 13 billion euro takeover bid for peer Mediobanca
Economy|Health|Political|US|World

WHO chief to cut costs, reset priorities after US exit, document shows

The World Health Organization will cut costs and review which health programmes to prioritise after President Donald Trump announced he was

WHO chief to cut costs, reset priorities after US exit, document shows
Business|Economy|Europe

Euro zone businesses start year with modest return to growth, PMI shows

Euro zone business began the new year with a modest return to growth as stable services activity in January was complemented by an easing of the long-running

Euro zone businesses start year with modest return to growth, PMI shows
Economy|Environment|Political|US

Trump is targeting the immigrants who will be called on to rebuild LA

Trump is targeting the immigrants who will be called on to rebuild LA

Trump is targeting the immigrants who will be called on to rebuild LA
Economy|Health|Lifestyle|US

'We're thrown out like garbage!': North Carolina residents displaced by hurricane slam FEMA's response

Almost 13,000 households have used FEMA’s Transitional Sheltering Assistance programs in Western North Carolina since Hurricane Helene. But some displaced residents tell CNN’s Meena Duerson the process has been confusing and stressful.

'We're thrown out like garbage!': North Carolina residents displaced by hurricane slam FEMA's response
Economy|Environment|Political|US

Trump looks to North Carolina as he tries to contrast his leadership with Democrats’

Trump looks to North Carolina as he tries to contrast his leadership with Democrats’

Trump looks to North Carolina as he tries to contrast his leadership with Democrats’
Business|Economy|Europe|Political

German government cuts 2025 growth projection to 0.3%, Handelsblatt says

The German government has slashed its growth projection for 2025 to 0.3% from 1.1%, the newspaper Handelsblatt cited government sources as saying on Friday, as the economy

German government cuts 2025 growth projection to 0.3%, Handelsblatt says
Asia|Business|Economy|Political|World

Russia's railways grapple with Asia pivot, sanctions and labour shortages

Russian Railways' cargo volumes slumped to a 15-year low in 2024, with labour and locomotive shortages exacerbating capacity woes as

Russia's railways grapple with Asia pivot, sanctions and labour shortages
Economy|MidEast|Political|World

More Gaza funding needed to hit ceasefire targets, UN official says

Funding shortages may affect the U.N.'s ability to maintain aid flows at target levels throughout the Gaza ceasefire deal, a U.N. official told Reuters.

More Gaza funding needed to hit ceasefire targets, UN official says
Business|Economy|Europe

German business activity stabilises in January, PMI shows

Business activity in Germany's private sector stabilised in January, marking an end to a six-month contraction as services growth offset a continued decline in

German business activity stabilises in January, PMI shows
Business|Economy|Europe|Fashion and Beauty|Finance|Stock Markets

Burberry shares rise 13% after sales beat expectations

Shares in British luxury retailer Burberry soared by more than 13% in opening trade on Friday after its third-quarter sales fell by less than forecast.

Burberry shares rise 13% after sales beat expectations
Asia|Business|Economy|Technology

Taiwan Q4 GDP growth misses forecasts; Trump could cloud 2025 outlook

Taiwan's trade-dependent economy grew less than expected in the fourth quarter of 2024 but managed the fastest growth in three years last year at 4.3%,

Taiwan Q4 GDP growth misses forecasts; Trump could cloud 2025 outlook
Economy|Europe|Political|World

Hungary wants Ukraine gas transit to resume as EU sanctions rollover looms

Hungary wants the European Union to persuade Ukraine to resume gas transit from Russia to Europe, Prime Minister Viktor Orban said on

Hungary wants Ukraine gas transit to resume as EU sanctions rollover looms
Business|Economy|Europe|Political

French services sector contracts further in January, PMI shows

France's services sector shrank further in January as businesses faced weak demand and political uncertainty, according to a closely-watched business survey by S&P Global published

French services sector contracts further in January, PMI shows
Asia|Business|Economy|Finance|Stock Markets

Chinese firms boost shareholder returns via dividends and buybacks

Chinese firms are attracting investors with increased dividends and buybacks, spurred by a policy push for corporate governance reforms in a bleak and uncertain economic environment.

Chinese firms boost shareholder returns via dividends and buybacks
Asia|Business|Economy|Finance|Stock Markets

Dividend surge signals culture shift in China's markets

New shades of capitalism are emerging in China's tuckered out stock market as companies, at Beijing's behest, buy back their shares and

Dividend surge signals culture shift in China's markets
Business|Economy|Europe|Finance

Key shareholders in Italy's banking battles

Italian bank Monte dei Paschi di Siena (MPS)'s all-share buyout offer for Mediobanca on Friday is the latest surprise twist of an increasingly complex banking saga.

Key shareholders in Italy's banking battles
Business|Economy|Finance|Political|US

EXPLAINER-How would a US bitcoin strategic reserve work?

President Donald Trump ordered the creation of a digital asset working group on Thursday which, among other things, would

EXPLAINER-How would a US bitcoin strategic reserve work?
Asia|Business|Economy|Entertainment|Travel

China readies for Lunar New Year, amid worries about the economy

Travellers thronged railway stations and airports on Friday, clutching large suitcases and gifts such as boxes of fruit as they joined millions of

China readies for Lunar New Year, amid worries about the economy
Americas|Business|Economy|Europe|Fashion and Beauty|Finance|Stock Markets

Burberry turnaround hopes boosted by US holiday shoppers

Burberry reported a smaller than expected 4% drop in quarterly comparable store sales on Friday, helped by a stronger holiday season in the United States,

Burberry turnaround hopes boosted by US holiday shoppers
Business|Economy|Europe|Finance|Political|Stock Markets|US

Column-US investment bias might ebb if European gloom lifts: Mike Dolan

The extreme global investor bias for all things American may not need to end with some major U.S. shock, but could eventually reverse with just a modest lifting of the

Column-US investment bias might ebb if European gloom lifts: Mike Dolan
Asia|Business|Economy|Finance

BOJ Governor Ueda's comments at news conference

The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising

BOJ Governor Ueda's comments at news conference
Asia|Business|Economy|Finance|MidEast

Pakistan central bank likely to deliver sixth straight rate cut to revive economy- Reuters poll

Pakistan's central bank is expected to lower its key interest rate by at least 1 percentage point on Monday, analysts said, in its sixth straight cut as it attempts

Pakistan central bank likely to deliver sixth straight rate cut to revive economy- Reuters poll
Business|Economy|Europe|Finance|Stock Markets

Signify share buyback, CEO exit cheer investors despite declining profits

Signify, the world's largest lighting manufacturer, said CEO Eric Rondolat would step down in April, after it reported lower sales and core earnings for

Signify share buyback, CEO exit cheer investors despite declining profits
Asia|Business|Economy

China stimulus scheme lifted 2024 consumption growth by 1 pct point

China's stimulus scheme for consumer goods trade-ins boosted last year's consumption growth by more than 1 percentage point, Vice Commerce Minister Sheng Qiuping said on Friday, as

China stimulus scheme lifted 2024 consumption growth by 1 pct point
Business|Economy|Europe|Finance|Stock Markets

European earnings may keep the mood sweet as tariff fears grow

European companies are set to deliver a third straight quarter of profit growth, which may help to maintain newfound investor enthusiasm for the region despite

European earnings may keep the mood sweet as tariff fears grow
Business|Economy|Europe|Finance

Monte dei Paschi bids for Mediobanca as Italian banking drama escalates

State-backed Monte dei Paschi di Siena on Friday joined the consolidation wave sweeping Italian banking with a surprise 13.3 billion euro ($14

Monte dei Paschi bids for Mediobanca as Italian banking drama escalates
Asia|Business|Economy|Political

Major Chinese port hit by congestion ahead of holiday, Trump tariff threat

Exporters this week jostled to load and ship cargo from Shenzhen's Yantian Port, one of the world's largest container ports, before an eight-day Lunar New Year holiday and ahead of

Major Chinese port hit by congestion ahead of holiday, Trump tariff threat
Asia|Business|Economy

Kia posts operating profit of 12.7 trln won in 2024

South Korean automaker Kia Corp on Friday posted an operating profit of 12.67 trillion won ($8.85 billion) for 2024, with its fourth quarter performance up 10.2% from the previous

Kia posts operating profit of 12.7 trln won in 2024
Asia|Business|Economy

Tokyo inflation seen picking up in Jan on energy costs- Reuters poll

Consumer inflation in Tokyo likely accelerated in January, underlining persistent pressure on living costs, a Reuters poll showed on Friday.

Tokyo inflation seen picking up in Jan on energy costs- Reuters poll
Asia|Economy|Europe|Finance|Political|Stock Markets|US

Trump goes easy on China in his first week

A look at the day ahead in European and global markets from Tom Westbrook A rate hike in Japan added momentum to a tide of dollar selling in the Asia session, as the first week of Donald Trump's

Trump goes easy on China in his first week
Business|Economy|Europe

Givaudan tops 2024 forecasts with strong sales growth across markets

Swiss fragrance and flavour maker Givaudan on Friday reported annual results above market expectations, buoyed by strong sales growth across its markets, and said it would most likely

Givaudan tops 2024 forecasts with strong sales growth across markets
Business|Economy|Finance|MidEast|Stock Markets

Etihad to sound out investors as Gulf carriers race towards IPOs

Etihad Airways and flynas are gearing up to list on local stock markets this year, marking the first IPOs by Gulf

Etihad to sound out investors as Gulf carriers race towards IPOs
Asia|Business|Economy|Political|Technology

LG Energy Solution cuts capex on slowing EV demand after Q4 loss

South Korean battery firm LG Energy Solution (LGES) said on Friday it plans to cut capital expenditure by up to 30% this year on slowing electrical

LG Energy Solution cuts capex on slowing EV demand after Q4 loss
Asia|Business|Economy|Finance

Hong Kong home prices slip in Dec, fall 7.1% in 2024

Hong Kong's home prices fell 0.7% in December and 7.1% in 2024, government figures showed, as the property market struggles to find a bottom despite interest rate cuts and

Hong Kong home prices slip in Dec, fall 7.1% in 2024
Business|Economy|Science|Technology|US

Rivian says other automakers 'knocking on door' about tech from VW joint venture

A joint venture between U.S. electric pickup and SUV maker Rivian and Volkswagen is in talks with other automakers about supplying their software and

Rivian says other automakers 'knocking on door' about tech from VW joint venture
Asia|Business|Economy|Finance|Stock Markets

Japanese yen rallies, bond yields climb after BOJ hikes rates

The yen strengthened and Japanese government bond yields rose to fresh multi-year highs on Friday after the Bank of Japan hiked interest rates as expected and raised

Japanese yen rallies, bond yields climb after BOJ hikes rates
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Wall Street slips from its record, but heads for a 2nd straight winning week

U.S. stocks are pulling back from their all-time high, but are still on track to close out a second straight winning week

Stock market today: Wall Street slips from its record, but heads for a 2nd straight winning week
Asia|Business|Economy|Finance

Instant View: Investors react to interest rate hike from BOJ

The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation

Instant View: Investors react to interest rate hike from BOJ
Asia|Business|Economy|Finance

BOJ raises short-term interest rates to 0.5% in widely expected move

The Bank of Japan raised interest rates on Friday in a widely expected move, reflecting its growing optimism that wages will continue rising and keep inflation sustainably around its

BOJ raises short-term interest rates to 0.5% in widely expected move
Asia|Business|Economy

Japanese pay hikes must exceed last year's, Rengo union head says

Japanese annual pay increases this year must exceed the 5.1% secured last year because real wages continue to fall, the head of the Rengo trade

Japanese pay hikes must exceed last year's, Rengo union head says