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US consumer inflation cools unexpectedly in November
US consumer inflation slowed unexpectedly in November, delayed government data showed Thursday, although levels remained higher than earlier in the year before President Donald Trump's tariffs flowed through the economy.
Bank of England cuts interest rate after UK inflation slides
The Bank of England cut its key interest rate to 3.75 percent on Thursday after UK inflation eased faster than expected and as the economy weakens. The central bank last cut its key interest rate in August amid concerns over the impact of US tariffs on the UK economy.
Spain to buy 100 military helicopters from Airbus
Spain's defence ministry has ordered 100 helicopters from Airbus destined for deployment in various parts of its armed forces, the European aeronautics company said Thursday. Spain's Defence Minister Maria Amparo Valcarce Garcia called the helicopters "essential" for the operations of the armed forces.
Tractors clog Brussels in anger at EU-Mercosur trade deal
Hundreds of tractors converged on Brussels on Thursday in a show of farmers' anger at the EU's planned trade deal with South American bloc Mercosur -- whose fate hung in the balance as summit talks opened in the Belgian capital. More than 150 tractors clogged the streets of central Brussels Thursday morning with many more expected.
British energy giant BP extends shakeup with new CEO pick
British energy giant BP, which this year shelved targets on reducing carbon emissions, has appointed industry veteran Meg O'Neill to be chief executive from April, replacing Murray Auchincloss who stepped down Thursday.
What to know about the EU-Mercosur deal
Squabbles over the EU-Mercosur trade deal are likely to punctuate a European Union summit in Brussels on Thursday. Agricultural unions have projected up to 10,000 protestors in Brussels on Thursday, including 4,000 from France.
Trump vows economic boom, blames Biden in address to nation
President Donald Trump promised Americans an economic boom in an address to the nation on Wednesday, while blaming Democratic predecessor Joe Biden for high prices that have hit the Republican's popularity.
ECB set to hold rates but debate swirls over future
The European Central Bank is expected to hold interest rates steady Thursday for its fourth meeting in a row as inflation remains in check, although debate is heating up about the path forward. Following a year-long series of cuts, the central bank for the 20 countries that use the euro has kept its key deposit rate on hold at two percent since July.
Asian markets track Wall St lower as AI fears mount
Asian markets sank Thursday after another sell-off on Wall Street as worries over the tech sector's colossal spending on artificial intelligence continued to dog investor sentiment. Asian markets tracked the US losses, led by tech firms including Japan's Renesas and investment giant SoftBank.
AFP
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