WTO may seek to reappoint chief ahead of Trump presidency
By Emma Farge GENEVA (Reuters) -The World Trade Organization plans a special meeting of its top decision-making body later this month where a call could be made on the reappointment…
Economy
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Bank of England’s Pill says pay growth stuck at high level
LONDON (Reuters) -Bank of England Chief Economist Huw Pill said labour market data released earlier on Tuesday showed inflation pressures in Britain remained too high for the BoE’s 2% inflation…
Explainer-Is reform of Germany’s debt brake on the cards?
By Maria Martinez BERLIN (Reuters) – A new government beckons in Germany after the implosion of its ruling coalition, but it will face the same question: whether to allow higher…
Trump seems likely to “play nice” on Fed independence, Piper Sandler says
Investing.com – President-elect Donald Trump is unlikely to install a so-called “shadow” Federal Reserve chief to undercut the stance of current Chair Jerome Powell, according to analysts at Piper Sandler. Although…
Ukraine targets value-added production to reshape wartime economy
By Olena Harmash KYIV (Reuters) – Ukraine’s wartime government will boost domestic value-added production to reshape its commodities-driven economy, increase revenue, boost growth and return millions of Ukrainians home, the…
Trump’s policies will put upward pressure on inflation, ECB’s Holzmann says
VIENNA (Reuters) – The policies that U.S. President-elect Donald Trump will implement once in office will likely put upward pressure on inflation on both sides of the Atlantic, European Central…
Trump win means ‘more inflation for the US’ says economist
Investing.com — Former President Donald Trump’s victory in the recent US election is expected to drive significant changes in the macroeconomic landscape, including increased inflation, according to Capital Economics. The…
China’s AVIC reveals uncrewed cargo spaceplane at Zhuhai air show
By Gerry Doyle SINGAPORE/ZHUHAI, China (Reuters) – State-owned aerospace company AVIC unveiled China’s first commercial uncrewed spaceplane at the country’s biggest air show in Zhuhai on Tuesday, with a mission…
Futures lower, earnings ahead, SoftBank Group reports – what’s moving markets
Investing.com – US stock futures pointed slightly lower, with traders gauging the staying power of a post-election rally in equities. Data shows that the global cryptocurrency market’s valuation has surged above…
UK unemployment rate rose more than expected in September
Investing.com – The UK unemployment rate increased by more than expected in September, data showed Tuesday, piling the pressure on the Bank of England to continue easing monetary policy. According…