A third Russian airfield was set on fire following a drone strike, a day after Ukraine demonstrated its apparent new ability to penetrate hundreds of kilometers deep into Russia with attacks on two air bases. Authorities in the Russian city of Kursk, about 90 km north of the Ukrainian border, released images on Tuesday showing …
Bank of Japan board member Toyoaki Nakamura said on Wednesday it was premature to change the central bank’s ultra-loose monetary policy now, stressing the need to shore up a fragile economy with massive stimulus. While prolonged ultra-low interest rates are weighing on financial institutions’ performance, the benefits of the Bank of Japan’s stimulus remain outweighed …
European markets could open the session in the green although with some doubts, judging by the movement of futures at this time. The future of the Daxand thefuture of the Cac 40They quote flats, although the future of the Ibex 35It earns 0.3% right now. Wall Street closed yesterday in the red and Asian indices …
Two trains collided in Spain’s northeastern Catalonia region on Wednesday morning, causing several people to be slightly injured, local emergency services said. “Among the passengers, several people were slightly injured and are awaiting assessment,” emergency services said on Twitter (NYSE:TWTR).
The European Union said on Wednesday it had requested the creation of arbitration panels at the World Trade Organization, the next step in two trade disputes with China. The disputes, both brought to the WTO earlier this year, concern alleged Chinese restrictions on EU companies’ rights to use a foreign court to protect their high-tech …
The four Spanish stock exchanges (Madrid, Barcelona, Bilbao and Valencia) will open tomorrow, December 8, despite the celebration of the Day of the Immaculate, according to the calendar approved for 2022 by the Stock Exchange Society. According to this calendar, the Spanish stock market and debt markets will only close three holidays this year, two …
Democrat Raphael Warnock won re-election to the U.S. Senate in a hard-fought runoff in Georgia on Tuesday, bolstering his party’s razor-thin majority as he faced Republican football star Herschel Walker. Warnock’s predicted victory was tight. With 99 percent of the votes c ounted, he led Walker 50.8 percent to 49.2 percent, according to Edison Research. …
Nouriel Roubini, renowned economist and currently professor emeritus of economics at New York University’s Stern School of Business, is famous for his pessimistic predictions about the state of the world economy and financial markets. But this time he has gone even further, publishing an opinion piece in Project Syndacate entitledThe inevitable crash, that is, the …
China announced on Wednesday the most sweeping changes to its strict COVID-fighting regime since the pandemic began three years ago, loosening rules that slowed the spread of the virus but have battered its economy and sparked historic protests. The relaxation of rules, which include allowing infected people with mild or asymptomatic symptoms to quarantine at …
Global stock markets fell on Wednesday and bonds held firm after a chorus of Wall Street bankers warned of a likely recession in the future, tempering optimism about the shift from China’s harsh zero-COVID policy. “Now, concern about economic growth seems to be outpacing inflation,” he added. A deteriorating economic outlook on Wednesday prompted new …
The European Union reached an agreement early on Wednesday on a law to increase the cost airlines must pay for their carbon dioxide emissions, adding pressure on the sector to move away from fossil fuels. Currently, airline companies flying within Europe have to obtain permits from the EU carbon market to cover their carbon dioxide …
China said on Wednesday it would allow COVID patients with mild symptoms to isolate at home, as part of a series of new measures marking a major shift in its tough anti-virus policy that has battered its economy and sparked historic protests. The relaxation of the rules, which also remove the requirement to present a …
The chairperson of the Federal Trade Commission, Lina Khan, said on Tuesday that large companies such as Ticketmaster that are facing an outpouring of criticism due to issues with selling tickets to 2023’s Taylor Swift tour, can turn out to be “too big to care.” In a speech at The Wall Street Journal’s CEO Council …
The Reserve Bank of India (RBI, issuer) announced on Wednesday a new increase in interest rates of 0.35 points, to 6.25%, to control inflation, said the governor of this monetary institution, Shaktikanta Das, in a televised speech. The RBI also lowered the gross domestic product (GDP) growth forecast again, to 6.8% in the current fiscal …
The Spanish stock market has opened in red affected by the negative closing yesterday of Wall Street and falls 0.54%, in a session that will not have macroeconomic data of relevance to be a holiday in Spain, since it is celebrated on Constitution Day. After the first minutes of the session, the Spanish selective, theIBEX …
The World Bank said on Tuesday that India’s gross domestic product (GDP) will grow by 6.9% in the current fiscal year (April 2022 to March 2023), an improvement from the 6.5% previously estimated, judging that the Asian country is capable of facing the global economic situation. “Although the deteriorating external environment will weigh on India’s …
The French Government is working on a law on immigration which, among other things, aims to regularise the undocumented who are already working in labour-intensive sectors, but this will not be done globally and massively, but on a case-by-case basis, taking into account integration criteria. This is the message of the members of Emmanuel Macron’s …
The second largest bank in Russia, VTB, controlled by the State and sanctioned by the West, denounced today the largest cyberattack against its technological infrastructure in its history, a hack that comes from “outside”, as it said in a statement. “Currently, VTB’s technological infrastructure is under an unprecedented cyberattack from the outside. It became the …
After a week of vertigo, with negotiations at the limit of the electromobility hub with the bank to retain the aid of the Perte of the electric car, the reindustrialization of the Nissan plant (TYO:7201) in Barcelona’s Zona Franca is the last stretch of a road that is not without risk. These are the main …
European stock markets fell on Tuesday, dragged down by banking and energy values, as good data on U.S. services activity raised fears that the Federal Reserve could maintain its aggressive rate hikes for longer. The indexSTOXX 600It fell 0.1 percent, extending losses to a third straight session. The index has posted seven straight weekly gains, …
The Chinese capital Beijing on Tuesday lifted the need to show a negative COVID test result to enter supermarkets and offices, marking a further easing of restrictions across the country following recent historic protests. “Beijing prepares for life again,” read a headline in the government-run China Daily newspaper, adding that people were “gradually assuming” the …
Elon Musk’s medical device company Neuralink is being investigated by the federal state for possible animal welfare violations, following internal complaints from staff that its animal tests are rushing in, causing unnecessary suffering and deaths, according to documents reviewed by Reuters and sources familiar with the company’s investigation and operations. Neuralink Corp is developing a …
The main indicator of the Seoul Stock Exchange, theKospi, fell 1.08% on Tuesday, marking the third consecutive decline in the selective in another session marked by renewed fears that the Fed will raise rates above 0.5% again this month. The South Korean benchmark left 26.16 points to stand at 2,393.16 integers, while the technology indexKosdaqIt …
Spain’s main stock index opened with a further dovish cut on Tuesday, as the market packs the latest signals on future moves by major central banks, with a special focus on a possible tightening of the Federal Reserve. The latest macroeconomic data showed stronger-than-expected strength in the United States, which could pave the way for …
The latest crypto market cycle introduced the world to the idea of the metaverse and many outstanding metaverse projects. However, the crypto world is constantly evolving and older projects such asAxie Infinity, Enjin Coin orSunny spotThey are not as innovative as at launch. In the Web3 environment, it is important to look for projects that …
The International Energy Agency (IEA) said on Tuesday global renewable energy capacity will double over the next five years, driven by concerns about energy security following Russia’s invasion of Ukraine. In an annual report on the outlook for renewables, the IEA said global capacity is projected to grow by 2,400 gigawatts (GW) — equivalent to …
Japanese household spending rose for a fifth straight month in October from a year earlier, data showed on Tuesday, as declining coronavirus cases encouraged more people to shop and eat at restaurants. Improving consumer spending, which accounts for more than half of the economy, is seen as vital to the country’s economic growth. However, accelerating …
The main index of the Tokyo Stock Exchange, the Nikkei, rose 0.24% on Tuesday, encouraged by the weakness of the yen against the dollar and despite concerns about a possible rate hike by the US Federal Reserve (Fed). The Nikkei, which groups the 225 most representative titles of the market, advanced 65.47 points, to 27,885.87 …
Australia’s central bank on Tuesday raised interest rates to their highest level in 10 years and maintained its forecast that more hikes are needed to cool inflation, a stance that was seen as slightly aggressive by markets as they looked for signs of a short-term pause. At its last monetary policy meeting this year, the …
Inflation in the Philippines reached 8% in November, the highest in 14 years, driven by soaring food and transport prices, the National Statistics Authority said on Tuesday. Food prices have continued their steady climb since March this year and registered 10% year-on-year in November, higher than the 9.4% recorded in October and which explains much …
Gold futuresrose during the Asian session on Tuesday. In the Comex division of the New York Mercantile Exchange,Gold futuresfor delivery in February they were trading at 1.00 US dollars per troy ounce. At the time of writing, they are up 0.16%. Early it reached a session high of dollars per troy ounce.GoldIt will probably find …
The Australian Reserve Bank (RBA) raised on Tuesday – for the eighth consecutive time since last May – interest rates by 0.25 percentage points to 3.10 percent, the highest level since 2012, in order to tackle the strong inflation that afflicts the country. “Since May, interest rates have risen sharply. This has been necessary to …
Crude oil futuresrose during the Asian session on Tuesday. On the New York Mercantile Exchange,Crude oil futuresfor delivery in January they were trading at 77.64 US dollars a barrel. At the time of writing they are up by 0.92%. Early it reached a session high of dollars a barrel.Crude oilIt will probably find support at …
Venezuela is preparing to export fertilizers in 2023, a trade with which the country hopes to continue increasing its export capacity, said Monday the sectoral vice president of Economy, Tareck El Aissami. In an activity with producers, the also Minister of Oil said that the fertilizers will be produced by the state-owned Pequiven, which currently …
The environmental organization Greenpeace will file an appeal with the Supreme Court of Argentina against an offshore oil exploration project in the North Argentina Basin (CAN) led by the Norwegian company Equinor. Greenpeace made the decision to appeal to the Argentine Supreme Court after this Monday the Federal Chamber of the Buenos Aires city of …
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, warned that the worst scenario for the country is that annual inflation falls, starting next year, but that it is not enough and remains “anchored” at 4%, according to his statements published Monday by the local press. “The worst-case scenario is that it …
England spent little time celebrating a 3-0 win over Senegal before thinking about a chilling World Cup quarter-final next Saturday against defending champions France and current top scorer Kylian Mbappe. “It’s the biggest test we could face. They are world champions with incredible depth of talent and outstanding individual players,” England manager Gareth Southgate said …
European markets could open the session in negative, judging by the movement of futures at this time. Thefuture of the Daxfalls by 0.2%, thefuture of the Cac 40is left 0.1% and thefuture of the Ibex 35It loses 0.1% at the moment. This Monday we will be attentive to a PMI batterycompoundandservicesin several Eurozone countries. In …
The year 2022 is coming to an end and could be one of the most hectic for the cryptocurrency industry, due to the prolonged winter that has wiped out more than 70% of the market capitalization and the barrage of cryptocurrency companies that have imploded. This was mainly due to poor internal management and the …
The Japan Stock Exchange closed higher on Monday; Sector gains feeding, Gas and water and Finance and investment pushed indexes higher. At the close of Tokyo, the Nikkei 225added 0.15%. The best value of the session in the Nikkei 225wasEisai Co., Ltd. (TYO:4523), up 5.18%, 495.00 points, to 10.00 at the close. It is followed …
The holiday season is around the corner, and so is the house party spree. December brings cheerful vibes when all the family members and friends gather to celebrate Christmas festivities. From decorating the Christmas tree to baking plum cakes and arranging house parties, Christmas is all about a good time. House parties and Christmas go …
When the BNB Chain-based protocol Ankr was exploited and a hacker dumped Ankr Reward Bearing Staked BNB (aBNBc) tokens, a trader took advantage of the price discrepancies and turned $2,879 into $15.5 million. As previously reported by Cointelegraph, security firm Beosin suggested that the multimillion-dollar exploit may have come from vulnerabilities in the smart contract code and …
Janssen Global Services, a unit of Johnson & Johnson (NYSE:JNJ), said Saturday that it has no intention of bidding for biotech company Horizon Therapeutics Plc. Last month, Horizon Therapeutics — which has a market capitalization of about $18 billion — said it was in talks withAmgen Inc.AMGN), Sanofi (EPA:SASY) and Janssen Global Services, all three …
Chinese President Xi Jinping is unwilling to accept Western vaccines despite the challenges China faces with COVID-19, and while the recent protests are not a threat to the Communist Party government, they could affect his personal standing, the U.S. Director of National Intelligence said on Saturday. Avril Haines. Although China’s daily COVID cases are near …
“Visible signs of stress are only likely in the second half of next year. According to accounting rules, banks will have to make provisions for advance loan losses (we believe in the second half of 2022 or the first half of 2023). In this regard, the level of coverage of provisions together with the product mix, …
Amgen Inc’s experimental anti-obesity drug (NASDAQ:AMGN). It demonstrated promising durability trends in an initial trial, paving the way for a larger mid-phase study early next year, company officials said ahead of a data presentation on Saturday. The small phase I trial found that patients maintained weight loss for 70 days after receiving the highest tested …
The European Union should file a complaint with the World Trade Organization in the coming months over the U.S. green energy subsidy package, the head of the European Parliament’s trade committee said on Sunday. So far, the United States and the EU have tried to be conciliatory on the bill, and last week said they …
Amazon.com Inc (NASDAQ:AMZN) is planning to resume its advertising on Twitter (NYSE:TWTR) for about $100 million a year, pending some security tweaks on the social media company’s ad platform, according to a tweet from a Platformer reporter on Saturday. Twitter CEO Elon Musk also said that Apple Inc (NASDAQ:AAPL). has resumed advertising on the platform, …
Argentina’s soccer team should close the game earlier so as not to suffer as it did in the closing of its 2-1 World Cup victory over Australia, coach Lionel Scaloni said on Saturday. Argentina led 2-0 with goals from Lionel Messi and Julian Alvarez, but Australia scored near the end with a shot that went …
Trip.com ADR presented itsproceedscorresponding to the third quarter of the year, figures that are not enough due to analysts’ forecasts. Revenues, meanwhile, were in line with expectations. The company reported earnings per share of ¥1.19 and turnover of ¥6.52B. Analysts surveyed by Investing.com expected EPS of ¥1.26 and revenue of ¥6.52B So far this year, …
The European Union (EU) and the United States will continue to address European concerns about the damage the U.S. Inflation Reduction Act may cause to their green energy and automotive industry tomorrow at a new edition of the Trade and Technology Council (CTT) in Maryland, USA. The third ministerial meeting of this forum, set up …
Oil prices inched higher in Asian trade on Friday on hopes for further relaxation of COVID curbs in China, which could help demand recover in world’s second biggest economy, though a firmer U.S. dollar capped gains. Brent crude futures were up 20 cents or 0.23% at $87.08 per barrel by 0349 GMT, after earlier falling to …
Indonesia’s central bank governor Perry Warjiyo said on Friday inflation expectations were coming down rapidly after Bank Indonesia (BI) started hiking interest rates aggressively four months ago. He told a central banking forum in Bangkok that the consensus forecast for Indonesia’s inflation was at 6.9% four months ago, but now is approaching 5.5%, BI’s own …
Credit Suisse Chairman Axel Lehmann said in a TV interview with Bloomberg on Friday the embattled bank’s outflows have basically stopped and that it is seeing partial inflows. Credit Suisse has reported sharp outflows as wealthy clients move assets elsewhere, while the bank battles to recover from a string of scandals by focusing more on …
Airbus delivered 66 jets in November, leaving itself a near-record challenge of 137 in December to meet its 2022 goal, although it has not excluded the possibility that the target will be trimmed, industry sources said. The world’s largest planemaker has delivered an estimated 563 planes this year, the sources said, up from 497 between …
China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, three people with knowledge of the matter told Reuters, rolling out its latest support measure for the cash-starved property sector. The regulators have given ‘window guidance’, or verbal orders that leave no paper trail, to the banks, …
European stock markets are expected to largely open with small losses Friday, as investors cautiously await the release of the key monthly U.S. jobs data which could influence Federal Reserve monetary policy. At 02:00 ET (07:00 GMT), the DAX futures contract in Germany traded flat, CAC 40 futures in France dropped 0.3% and the FTSE …
Most Asian stock markets retreated in cautious trade on Friday ahead of key U.S. payrolls data that is expected to factor into monetary policy, although a report that China plans to further scale back its strict anti-COVID measures helped limit losses. Uncertainty over the path of U.S. inflation also weighed on Asian stocks on Friday, …
Most Asian currencies moved little on Friday as caution kicked in ahead of U.S. payrolls data that is likely to affect monetary policy, although dovish signals from the Federal Reserve pushed the dollar to a three-month low. Regional currencies were also set for strong gains this week as the Federal Reserve flagged smaller interest rate …
Analysts have upgraded forecasts for Chinese corporate earnings in 2023, on expectations that its economy will benefit from stimulus measures and the easing of COVID-19 restrictions. Analysts raised forward 12-month earnings of companies on the MSCI China index by 2% in November, data from IBES estimates showed. They had earlier cut the forward 12-month earnings …
Twitter Inc on Friday suspended Kanye West’s account again, just two months after the rapper’s account was reinstated, as his tweets violated the social media platform’s rules. Twitter-owner Elon Musk, who calls himself a free speech absolutist, had welcomed the return of the rapper, now known as Ye, to the platform in October. In his …
Oil prices rose slightly on Friday as investors speculated over the prospect of a production cut by the OPEC, while optimism over a recovery in Chinese demand and signs of tightening supply put crude markets on course for a positive week. The Organization of Petroleum Exporting Countries and allies (OPEC+) is set to meet on …
Ghana’s debt restructuring plans are set to test a $400 million World Bank guarantee which was designed to provide extra security if the West African country failed to pay. Like other smaller, riskier emerging market countries including Sri Lanka and Zambia, Ghana faces a debt overhaul after its already strained finances buckled under the economic …
The dollar held firm on Friday but was pinned near 16-week lows against a basket of major currencies as data showing increased U.S. consumer spending emboldened investors’ hopes that the peak in interest rates was in sight. The dollar index, which measures the currency against six major peers including the yen and euro, rose 0.05% to …
Asian shares fell and Treasuries held on to gains on Friday ahead of U.S. non-farm payrolls data, the next big test for investors looking for more signs of a rates policy shift from the Federal Reserve, while the dollar nursed heavy losses. The cautious tone in share markets, after the recent big rally, is set …
Florida lawmakers are planning to reverse a move that would strip Walt Disney (NYSE:DIS) Co of its right to operate a private government around its theme parks, the Financial Times reported on Friday, citing people briefed on the plan. The lawmakers in April gave approval to a bill ending Disney’s designation as a self-governing entity in an …
European Central Bank President Christine Lagarde warned on Friday that some European governments’ fiscal policies could lead to excess demand, and that fiscal and monetary policies need to work in synch for sustainable, balanced economic growth. “Fiscal policies that create excess demand in a supply constrained economy might force monetary policy to tighten more than …
U.S. President Joe Biden rolled out the red carpet on Thursday for celebrities, lawmakers, and titans of industry at the White House’s first state dinner in honor of French President Emmanuel Macron. The dinner is the crowning social event of a trip aimed at showing Biden’s commitment to Washington’s oldest ally even as the two …
U.S. job growth was likely the smallest in nearly two years in November as mounting worries of a recession cooled demand for labor, which could give the Federal Reserve confidence to start slowing the pace of its interest rate hikes this month. The Labor Department’s closely watched employment report on Friday, which is also expected …
Tesla Inc Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (NASDAQ:PEP) without offering updated forecasts for the truck’s pricing, production plans or how much cargo it could haul. Musk, who appeared onstage at an event at Tesla (NASDAQ:TSLA)’s Nevada plant, said the battery-powered, long-haul truck would reduce highway emissions, …
Blackstone Inc limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. The curbs came because redemptions hit pre-set limits, rather than Blackstone (NYSE:BX) setting the limits on the day. …
Gambling has always been enjoyable because it inspires people to believe they can accomplish a lot with little chance. For most gamblers, wagering is not only a way of generating funds but also a form of entertainment. However, you don’t need to be a gambler at a top casino before you can enjoy it. Nowadays, …
It’s been almost four years since the Supreme Court overturned the federal prohibition on sports betting, opening the door for individual states to decide whether they want to legalize the activity, or not. Although almost every state has at least entertained the idea of allowing sports betting, it is very unlikely that more than a …
There are few places in Europe that are as glamorous as Monaco. It’s home to some of the richest, most famous, and most successful people on the planet who have all crammed themselves into the tiny principality to enjoy everything that it has to offer. A trip to the micronation will reveal just how glamorous …
Asian equities jumped on Thursday, while the dollar slid as investors poured into risky assets after Federal Reserve Chair Jerome Powell opened the door to a slowdown in the pace of monetary tightening. In an eagerly-awaited speech, Powell said the central bank could scale back the pace of its interest rate hikes “as soon as …
The dollar tumbled to a three-month low against the yen on Thursday as traders focussed on comments by Federal Reserve Chair Jerome Powell that interest rate hikes could be scaled back “as soon as December”. Powell said on Wednesday that “slowing down at this point is a good way to balance the risks” but added …
U.S. Treasury Secretary Janet Yellen said she “practiced and practiced” writing the signature that will soon adorn U.S. dollars in order to avoid the illegible scrawls of her predecessors Tim Geithner and Jack Lew. “I knew this was something you could really screw up and I wanted to get it right, and I practiced and …
China’s $17 trillion economy is headed for one of its worst showings this year in almost half a century, but its central bank has limited options in its armoury for providing policy support as it would want to avoid stoking capital flight. The People’s Bank of China (PBOC) is, therefore, poised to ramp up targeted …
Chinese manufacturing activity shrank for the third consecutive month in November, a private survey showed on Thursday, as strict anti-COVID measures continued to disrupt factory operations, while demand also softened. The Caixin Manufacturing Purchasing Managers Index (PMI) read 49.4 in November, slightly edging past expectations of 48.9 and rising above October’s reading of 49.2. But …
Most Asian currencies extended gains on Thursday, while the dollar slipped further after Federal Reserve Chair Jerome Powell said that the central bank will likely slow its pace of future interest rate hikes, although weak economic data prints from China stifled sentiment. The Japanese yen was among the best performers, rising nearly 1% to 136.76- its strongest level …
Most Asian stock markets rose sharply on Thursday after Federal Reserve Chair Jerome Powell said the central bank is set to slow its pace of interest rate hikes, while the relaxing of some anti-COVID measures in China also drove up hopes for a full reopening. Chinese stocks were among the best performers on the day, …
China will allow some people who test positive for COVID-19 to quarantine at home, among supplementary measures to be announced in coming days, two sources with knowledge of the matter told Reuters. Home isolation for the infected would be a significant change in China’s quarantine protocols. Earlier this year, entire communities were locked down, sometimes …
A rally in U.S. stocks and bonds powered ahead after a speech by Federal Reserve Chairman Jerome Powell on Wednesday, but some investors believe a looming recession could cap gains in both asset classes. Though asset prices have been battered by the Fed’s rate rises this year, momentum has been on the side of the …
European stock markets are expected to open higher Thursday, with risk appetite soaring after Fed Chair Jerome Powell signaled the U.S. central bank would reduce the size of its interest rate increases later this month. At 02:00 ET (07:00 GMT), the DAX futures contract in Germany traded 1.1% higher, CAC 40 futures in France climbed 0.9% and the FTSE 100 …
For 25 years, Theo Jost served the German Christmas dish of goose in his restaurant near the Black Forest. The birds were fresh, reared by farmers in northern Germany. But this year he took the dish off the menu because rising costs all along the supply chain would have doubled its price compared to last …
More than 220 investors managing $30 trillion have signed up to a plan to push companies over social issues and human rights, with an initial focus on firms in the mining, metals and renewables sectors. Dubbed ‘Advance’, the coalition is the largest such stewardship initiative, said the organiser, the U.N.-backed Principles for Responsible Investment (PRI), …
Yesterday was a busy day for the EUR/USD, with gains in the morning, in the face of half-hearted European inflation figures, then with a correction in the afternoon, to finally post a strong upward movement overnight, helped by Powell’s speech which confirmed the prospect of a Fed pivot. Indeed, while the Euro-Dollar tested the psychological threshold …
German retail sales slumped in October, setting an ominous tone for a fourth quarter in which Europe’s largest economy is widely expected to shrink. Sales fell 2.8% in inflation-adjusted terms, and were even down 1.7% in absolute terms, from September, as consumers reduced their outlays on non-essential items in particular in the face of surging fuel bills. …
The head of Meta Platforms’ business group said on Wednesday that the holiday shopping season started earlier than usual this year and produced a Black Friday sales weekend that appeared to be the biggest on record. Consumers anxious about supply shortages were stocking up early on desired gifts, while businesses with excess inventory sought to …
European shares scaled over three-month highs on Thursday, cheered by U.S. Federal Reserve Chair Jerome Powell signalling smaller interest rate hikes ahead, and China softening its tone on strict COVID-19 rules. The pan-European STOXX 600 index rose 0.9% by 0810 GMT, after rising 6.8% in November, its best month since July. Technology and industrial stocks were among …