Finance
AI Summary
- Venezuela continues to grapple with severe inflation and citizens are increasingly focused on everyday economic stability rather than political turmoil.
- The EU is implementing a $3.5 billion initiative to secure raw materials in response to escalating tensions with China, while also coordinating a ban on Russian gas imports by 2027.
- The U.K. has relaxed bank capital requirements for the first time since the financial crisis, while simultaneously announcing new tax hikes to address public finance challenges.
- China's manufacturing activity shows mixed signals, with slight improvements in official metrics but private gauges indicating stagnation, highlighting ongoing economic struggles.
- Amid geopolitical tensions, Russia has been expanding its drone capabilities impacting Ukrainian supply lines, while the U.S. seeks peace negotiations to end the conflict, causing unease within NATO.
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Sources
Wall Street Journal
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Here in Venezuela, People Are More Afraid of Runaway Inflation Than Trump
3 hours ago
by Kejal Vyas
Venezuelans are shrugging off threats to oust leader Nicolás Maduro, worrying more about the price of Christmas decorations and an economy in ruins.
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Europe Scales Back Plan to Make Massive Loans to Ukraine
8 hours ago
by Laurence Norman
The proposal is aimed at addressing the concerns of Belgium and leaving room for the U.S. to use the funds as a lure for Moscow.
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Ukraine Goes After Moscow’s Shadow Fleet in International Waters
a day ago
by Georgi Kantchev
Recent strikes are hitting at the core of Russia’s economy, but they are risky, and their ultimate impact is uncertain.
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A Newly Confident China Is Jockeying for More Global Clout as Trump Pulls Back
a day ago
by Yaroslav Trofimov
Feeling empowered after a clash over trade, Beijing is looking to exploit America’s inward turn.
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Marathon Russia-U.S. Meeting Yields No Ukraine Peace Deal
a day ago
by Matthew Luxmoore
Territory has emerged as one of the main stumbling blocks to a deal. Russia has demanded that Kyiv cede all of the eastern Ukrainian region of the Donbas.
Financial Times
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Bond investors warned US Treasury over picking Hassett as Fed chair
10 hours ago
by FT Client Support
Some market participants worried candidate for top central bank job will be swayed by Trump on interest rates
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How Brendan Nelson became HSBC’s stop-gap chair
4 hours ago
by FT Client Support
A chaotic 7-month search cast the net wide but ended with Mark Tucker’s interim replacement
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Stephen Witt wins FT and Schroders Business Book of the Year
6 hours ago
by FT Client Support
‘The Thinking Machine’ tells the inside story of how Nvidia became the world’s most valuable corporation
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The rise of unpopular populism
16 hours ago
by FT Client Support
On birth rates, the lockdown and above all Brexit, the right is out of touch with the public
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Trump says claim of US affordability crisis is a ‘hoax’
3 hours ago
by FT Client Support
President insists prices have come down despite voter frustration over high cost of living
CNBC
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Salesforce beats on earnings, issues better-than-expected revenue forecast
5 hours ago
Salesforce said its Agentforce artificial intelligence business is generating over $500 million in annualized revenue.
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Trump proposes slashing fuel efficiency standards for passenger cars
6 hours ago
The oil industry group the American Petroleum Institute has lobbied the Trump administration to repeal the Biden fuel economy standards.
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Design executive behind 'Liquid Glass' is leaving Apple
5 hours ago
Alan Dye, who was part of the redesign of Apple's software interface called Liquid Glass, is taking his talents to Meta.
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Nvidia CEO Jensen Huang talks chip restrictions with Trump, blasts state-by-state AI regulations
7 hours ago
Nvidia CEO Jensen Huang told reporters on Capitol Hill that he had just met with President Trump, and the two "talked in general about export controls."
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Trump's South Korea tariff cuts are major boost for Hyundai and GM
2 hours ago
The Trump administration said the tariff rate for vehicles from South Korea will drop to 15% as part of a trade deal.