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The European Union is reconsidering its approach to combustion engine vehicles, suggesting that new registrations may continue beyond 2035. This pivot aims for a 90% reduction in CO2 emissions instead of a complete phase-out. The proposal has sparked a debate among EU officials, with some leaders advocating for flexibility in adopting various technologies, including plug-in hybrids. Critics argue that this plan succumbs to automotive industry pressures, pointing out that only a fraction of com..

The US Federal Reserve has implemented its third consecutive interest rate cut, lowering rates by a quarter point to a range of 3.50 to 3.75 percent. This decision reflects ongoing weakness in the labor market and pressure from President Trump to stimulate economic growth, particularly in the housing sector. Despite these cuts, concerns about potential inflation and divided opinions within the Fed complicate the outlook. Some officials argue for more aggressive reductions, while others advocate..

The Federal Reserve is on the verge of implementing another interest rate cut, influenced significantly by external pressures, particularly from President Trump. As the economy exhibits mixed signals, with job growth slowing and inflation concerns rising, Fed members find themselves at an impasse. The internal divide is palpable, as some officials advocate for aggressive rate reductions while others caution against potential inflationary risks. Analysts predict a high probability of a quarter-..

The potential appointment of Kevin Hassett as the next chair of the US Federal Reserve has raised significant concerns among market analysts. His history as an economic advisor to President Trump, coupled with his support for interest rate cuts, echoes past political pressures on the Fed, reminiscent of Nixon's era. The contrast with former Chairman Paul Volcker’s aggressive tactics against inflation in the 1980s highlights the delicate balance the Fed must maintain. As Trump initiates intervi..

Ford and Renault are collaborating to create two affordable electric vehicles for the European market, leveraging Renault's innovative Ampere platform. Set to be produced in Douai, France, these Ford-branded electric models are anticipated to launch in early 2028. This strategic partnership aims to enhance Ford's competitiveness in a challenging market, particularly as it faces increasing pressure from Chinese car manufacturers known for their cost-effective production. The collaboration refle..

President Donald Trump has announced a 5 percent tariff on Mexico, citing violations of the 1944 Water Treaty that governs water sharing between the two nations. With over 75 percent of Mexico grappling with severe drought, fulfilling treaty obligations has become increasingly difficult. The dispute has drawn attention from Texas Governor Greg Abbott and agricultural stakeholders, who argue that reduced water availability threatens the agricultural viability of the Rio Grande Valley. Trump's d..

China's export sector is experiencing a significant rebound, with a 5.9 percent increase in November compared to the previous year. This growth comes alongside a trade surplus that has surpassed $1 trillion for the first time, reaching $1.08 trillion. While exports to the U.S. have declined due to tariffs, shipments to markets in Southeast Asia, Europe, and elsewhere have surged, displacing traditional manufacturing powers. The recent rise in exports is also supported by easing trade tensions..

The crypto markets are experiencing a significant shift towards institutional adoption, as highlighted by several financial developments. Bitcoin Suisse's annual Crypto Outlook Report has demonstrated a strong predictive accuracy, with notable events such as the U.S. adopting a strategic Bitcoin reserve and major banks like Deutsche Bank creating their own Ethereum Layer-2 solutions. Blackrock has positioned itself at the forefront of this transition, integrating digital assets into its long-t..

The landscape of global wealth is experiencing a remarkable transformation, characterized by a significant increase in the number of billionaires and the rise of inherited fortunes. The total wealth of billionaires has surged to $15.8 trillion, with nearly 3,000 individuals now holding this distinction. Notably, a growing number of billionaires are inheriting their wealth, prompting discussions around wealth taxation. In Mainland China, the tech sector has fueled a 22.2% increase in billionaire..

President Donald Trump has unveiled plans to repeal the fuel efficiency standards established by the Biden administration, which aimed to enhance environmental protections. This proposal would significantly lower the required mileage for new gasoline-powered vehicles, allowing cars to achieve approximately 34 miles per gallon by 2031, a stark reduction from the previous target of 50 miles per gallon. Critics argue that this rollback will exacerbate greenhouse gas emissions and air quality issu..

The European Union is taking significant steps to secure its supply of critical raw materials, particularly rare earths and lithium. With a focus on reducing dependence on China, the EU Commission is establishing a European Center for Critical Raw Materials. This initiative aims to facilitate joint purchasing among member states and build essential stockpiles. The €3 billion ReSourceEU plan further underscores this commitment, mobilizing funds to promote local supply chains and recycling effor..

Vietnam's digital economy is rapidly growing, anticipated to reach $39 billion by 2025. E-commerce plays a crucial role, projected to contribute $25 billion, while industrial production benefits from a notable 8.4% increase due to digital advancements. Despite this positive trajectory, concerns about online fraud and cybersecurity need addressing, particularly as artificial intelligence becomes more prevalent. Experts urge businesses to enhance their defenses and work with authorities to mitig..

The recent outbreak of African swine fever (ASF) in Spain has raised significant concerns within the pork industry, particularly as Spain is a major exporter to China. Despite these challenges, China has confirmed its intention to continue importing pork from Spain, excluding meat sourced from the affected Barcelona region. Spanish Agriculture Minister Luis Planas reassured the public about the safety of human health and emphasized the government's commitment to negotiate with countries that h..

Pope Leo XIV's recent visit to Lebanon has underscored the urgent need for peace amidst escalating tensions between Israel and Hezbollah. His calls for an end to violence resonate deeply within a nation still reeling from the aftermath of the 2020 Beirut port explosion. During his stay, the Pope emphasized unity and justice, urging the Lebanese people to rise above political and ethnic divisions. Despite a challenging backdrop of economic turmoil, his message of hope inspired many. The Pope ex..

The recent trade agreement between the US and UK marks a significant shift in pharmaceutical economics. By eliminating tariffs on medicines, the deal encourages the UK to increase its spending on pharmaceuticals by 25% over the next three years. This collaboration aims to foster innovation within both nations' life sciences sectors. The NHS will adopt a new framework for valuing drugs, enhancing access to groundbreaking treatments for various diseases. While this agreement may lead to higher c..

Bitcoin experienced a significant downturn, plummeting over 5% to around $86,000, marking its most severe November since 2018. This decline triggered substantial liquidations, with approximately $539 million wiped from the market, predominantly affecting long positions in both Bitcoin and Ethereum. Analysts suggest that the selloff was fueled by a sudden influx of selling volume rather than any specific news event. The cryptocurrency market as a whole suffered, with total market capitalization..

Catalonia has enacted emergency measures to combat the spread of African swine fever (ASF), affecting 12 municipalities and restricting access to forests and hunting areas. This outbreak, marked by the detection of several cases, poses a significant threat to Spain's pork industry, prompting the government to halt pork exports to China for the first time in three decades. The economic implications are dire, as the Spanish pork sector, which produces nearly 5 million tons annually, relies heavily..

Recent analyses of cryptocurrency markets highlight the potential for both growth and volatility among key players like Bitcoin, Ethereum, and XRP. Bitcoin's price remains steady around $91,000, yet bears could push it down if key resistance levels are not breached. Ethereum and other altcoins are experiencing mixed movements, indicating an uncertain market sentiment. Analysts suggest that recent price dips may offer buying opportunities, especially as bearish sentiment can sometimes signal re..

Recent negotiations between the leaders of Germany's Union and SPD have culminated in a significant compromise regarding pension reforms. After extensive discussions, a decision was reached to maintain the pension level at 48 percent until 2031. This agreement addresses concerns from younger Union members by promising a review of the pension framework through a dedicated commission. Additionally, the package includes initiatives aimed at enhancing private retirement savings for younger individ..

The evolving landscape of cryptocurrency regulation is gaining momentum, particularly in the United States and Australia. The SEC's revised plan aims to clarify the status of digital assets, reducing ambiguity for token issuers. This initiative is seen as a pivotal move to enhance investor protection while promoting innovation. Concurrently, the U.S. Senate is working on a bipartisan bill to establish comprehensive regulations for digital commodities, placing oversight under the CFTC. This marks..

The ongoing discourse surrounding business associations and their relationship with the AfD has intensified recently. Die Familienunternehmer has shifted its stance, moving away from its previous 'firewall strategy' to promote direct dialogue with the party. This change aims to address the allure of the AfD by fostering open communication. In contrast, associations like BVMW emphasize the necessity for critical evaluation of the party's policies. Meanwhile, Stiftung Familienunternehmen maintains..

In an unexpected encounter, President Donald Trump and New York City mayor-elect Zohran Mamdani met at the White House, marking a surprising alliance between two politicians from starkly different backgrounds. During their discussion, Trump praised Mamdani's economic proposals, focusing on issues such as affordable housing and rent regulations. This meeting, facilitated by influential figures, aimed to bridge their ideological divide and foster collaboration on pressing challenges like inflati..

The Monopolies Commission has raised concerns about the concentration of power among major supermarket chains in Germany. With companies like Edeka, REWE, Aldi, and the Schwarz Group controlling approximately 85% of the market, competition has significantly weakened. This dominance has resulted in higher profit margins for retailers, leaving farmers and consumers at a disadvantage. Critics, including Oxfam Germany, argue that the rising food prices burden both consumers and agricultural produc..

The cryptocurrency market is undergoing a significant downturn, with a staggering 8% drop in total market capitalization, now below $3 trillion. Bitcoin is at the forefront of this decline, experiencing a fall of over 10% and marking its worst monthly performance since the 2022 Terra Luna crash. Liquidations have surpassed $2.2 billion, impacting over 400,000 traders, amidst concerns about rising global tariffs and economic instability. High-profile traders, including Owen Gunden, have opted to..