How Germany could finance higher defense spending
Investing.com — Germany faces difficulty funding increased defense spending to meet NATO’s 2% of GDP target, with some advocating for even higher spending (up to 4% of GDP), as per…
Economy
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Moody’s raises Argentina’s rating for the first time in five years
(Reuters) – Ratings agency Moody’s (NYSE:MCO) on Friday raised Argentina’s long-term foreign currency sovereign credit rating to “Caa3” from “Ca”, citing the government’s forceful policy shift that has helped address…
Moody’s revises Kenya’s ratings to ‘positive’ on potential liquidity risks easing
(Reuters) – Global ratings agency Moody’s (NYSE:MCO) revised Kenya’s outlook to “positive” from “negative” on Friday, citing a potential ease in liquidity risks and improving debt affordability over time. The…
Surging equity markets to persist, but ignoring risk of inflation poses big threat
Investing.com — Surging equity markets look set to persist, supported by solid U.S.-led economic growth, but this growth is likely to come at the cost of higher inflation, with risks skewed…
People leave New Zealand in record numbers in the 12 months through November
(Corrects headline, paragraphs 1, 2 and 6 to say 12 months through November not “12 months to November”, corrects paragraph 6 to add ended Oct/ 30 not “ended October”) By…
Strong dollar is a problem for tomorrow: Capital Economics
Investing.com — A strong dollar has often been described as a “wrecking ball” for the global economy, driving up the cost of worldwide trade, tightening financial conditions, and inflation for…
British growth plans get positive response in Davos, minister says
By Alexander Smith and Elisa Martinuzzi DAVOS, Switzerland (Reuters) – British industry and energy minister Sarah Jones said that meetings in Davos this week with CEOs considering where to make…
FTC Chair Ferguson wins first vote over Trump’s DEI purge
By Jody Godoy (Reuters) – U.S. Federal Trade Commission Chair Andrew Ferguson gained broad authority to purge diversity, equity and inclusion (DEI) policies at the agency after Democrats, who still…
Trump pause applies to all foreign aid; Israel, Egypt get waiver, says State Dept memo
By Humeyra Pamuk WASHINGTON (Reuters) – U.S. President Donald Trump’s 90-day foreign aid pause applies to new and existing assistance, according to a State Department memo seen by Reuters on…
Shein tells UK lawmakers it does not allow Chinese cotton in products sold in US
By Helen Reid and James Davey LONDON (Reuters) -Online fast-fashion retailer Shein requires its contract manufacturers to only source cotton from approved regions, which do not include China, for products…