Author: wellingtontribune.com

U.S. Treasury yields dropped as markets await key inflation data from the Fed. PCE inflation is expected to guide future monetary policy and determine December rate cuts.

U.S. airports handle record Thanksgiving crowds with minimal delays, though Arctic weather and snowstorms could disrupt travel as millions hit the roads and skies this holiday week.

Germany saw a 22.9% rise in insolvencies in October 2024, reaching 1,937 cases. Financial pressures from rising costs, declining demand, and regulatory burdens hit businesses hard.

Britain climbs to third globally in climate rankings, reflecting ambitious policies, including renewable energy and emissions targets.

UK inflation rose to 2.3% in October 2024, its highest in six months, driven by soaring energy costs. The Bank of England faces challenges balancing inflation control and economic growth.

The EU is finalizing a regulation to ban forced labor products, enforcing compliance across its 27 nations, a move to uphold ethical practices and human rights globally.

European wholesale electricity prices are at record highs, exacerbating economic strain on businesses and consumers already battling weak demand and inflationary pressures across industries.

Ford will cut 4,000 European jobs by 2027, citing weak EV demand and rising competition, with Germany and the UK most affected in its restructuring plans.

U.S. businesses are stockpiling Chinese imports as President-elect Trump plans a 60% tariff, fueling inflation fears and supply chain concerns. Economists urge domestic investment.

Russia vetoed a UN draft resolution urging Sudan’s warring factions to cease hostilities and allow humanitarian aid, leaving Security Council efforts in deadlock.