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Bleak end to the year as German business morale drops
German business sentiment fell to its lowest level in seven months in December, a survey showed Wednesday, with Europe's beleaguered top economy set to end the year on a gloomy note. In the Ifo poll, which surveys about 9,000 businesses every month, sentiment in the crucial manufacturing sector slipped as companies reported worse expectations for the future.
Asian markets drift as US jobs data fails to boost rate cut hopes
Asian equities fluctuated on Wednesday as mixed US jobs data did little to boost expectations for another interest rate cut next month, while oil rallied after Donald Trump ordered the blockade of "sanctioned" Venezuelan tankers.
Trump says orders blockade of 'sanctioned' Venezuela oil tankers
US President Donald Trump announced Tuesday a blockade of "sanctioned oil vessels" heading to and leaving Venezuela, sharply escalating his pressure campaign against Caracas while issuing new demands for the country's crude. "Today, I am ordering A TOTAL AND COMPLETE BLOCKADE OF ALL SANCTIONED OIL TANKERS going into, and out of, Venezuela," Trump wrote on his Truth Social platform Tuesday evening.
Netflix boss promises Warner Bros films would still be seen in cinemas
Netflix will continue to distribute Warner Bros. films in cinemas if its takeover bid for the storied studio is successful, the streaming service's chief executive Ted Sarandos said in an interview Tuesday in Paris.
Tepid 2026 outlook dents Pfizer shares
Pfizer signaled Tuesday it expects a challenging 2026 as it invests in new products to offset declines in Covid-19 revenues while limiting shareholder payouts. The drugmaker expects a drop of $1.5 billion in 2026 revenues tied to lower Covid-19 sales and the decline of another $1.5 billion from products experiencing a loss of exclusivity.
French lawmakers adopt social security budget, suspend pension reform
French lawmakers on Tuesday adopted a social security budget, which includes the suspension of an unpopular pension reform, as Prime Minister Sebastien Lecornu races to finalise a 2026 spending plan by year-end.
VW stops production at German site for first time
The last car rolled off the production line at a Volkswagen site in Dresden on Tuesday, marking the first time in company history that it has stopped production at a German factory as cost cuts bite.
US unemployment rises further, hovering at highest since 2021
The US jobless rate picked up again in November, hovering at its highest level in four years, official data showed Tuesday in a report underscoring a labor market cooldown in the world's biggest economy. There was no October jobless rate as officials were unable to retroactively collect data after the shutdown, which lasted until November 12.
Serbian President blames 'witch hunt' for ditched Kushner hotel plan
Plans to build a hotel on the site of Belgrade's bombed-out Yugoslav army headquarters have been dumped, the country's President said Tuesday, blaming a "witch hunt" for scaring away the investment firm linked to Donald Trump's son-in-law.
AFP
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