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US Fed expected to look beyond Trump win and cut rates again
The US Federal Reserve is expected to announce a quarter-point interest rate cut this week, shrugging off the economic uncertainty raised by Donald Trump's US election victory to continue easing borrowing costs on the back of cooling inflation.
'We don't feel safe': Serbians lash out after fatal roof collapse
For years, Serbia's leaders boasted of launching a building spree across the country that had touched off a new era of prosperity in the Balkan country.
What impact will Trump have on the world economy?
Donald Trump's return to the White House with his protectionist policies poses threats for the global economy, with the prospect of new trade wars, resurgent inflation and slower growth, experts say. - Donald Trump's policies could also rekindle inflation, which cooled following a series of interest-rate hikes that the Federal Reserve began to unwind this year.
Low taxes, high tariffs: What a Trump victory means for the US economy
Donald Trump's victory in the 2024 US presidential election is likely to usher in a raft of economic changes at home and abroad, touching everything from foreign trade to the independence of the US central bank.
UniCredit says needs a year to decide Commerzbank deal
The chief executive of Italy's UniCredit bank said Wednesday there would be no decision on a possible takeover of German rival Commerzbank for at least a year. Italy's second-biggest lender surprised markets in September by building up a stake of about 21 percent in its German rival, fuelling speculation that it could be gearing up to mount a takeover effort.
Dutch court upholds e-cigarette flavour ban
A Dutch court on Wednesday upheld a government ban on sweet flavours for e-cigarettes, arguing they encouraged young people to smoke. "The harmfulness of the e-cigarette and the attractive effect of the sweet flavours on young people have been sufficiently established," it added.
Tesla shares soar pre-market as Trump hails 'genius' Musk
Shares in Tesla soared in pre-market trading Wednesday after Donald Trump claimed victory in the US presidential election and hailed the electric car company's boss Elon Musk as a "genius". Musk shared a photo on his social media platform X showing him with Trump at an election watch party in Florida, and the Republican candidate singled him out during a celebratory speech.
PlayStation 5 Pro goes on sale, will gamers pay hefty price to play?
The PlayStation 5 Pro hits shops on Thursday with a price tag that has raised eyebrows among gamers, but growing sticker shocks in the tech industry have yet to deter consumers. With the release of the PlayStation 5 dating to 2020, the Pro version gives Sony a chance to integrate improvements that allow games to run faster and with better graphics.
Obesity drug maker Novo Nordisk posts strong profit
Danish pharmaceutical giant Novo Nordisk, maker of the blockbuster diabetes and weight-loss drugs Ozempic and Wegovy, posted Wednesday strong third-quarter earnings despite being held back by production constraints. Novo Nordisk has a hold on 74 percent of the market for weight-loss treatments.
AFP
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