Economy

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German GDP downgraded in new blow for struggling economy
German GDP downgraded in new blow for struggling economy
by  AFP

German third-quarter growth was downgraded Friday with official data showing it expanded even more weakly than previously thought, in a new blow for Europe's top economy as it battles multiple headwinds. The growth data laid bare how far Germany is lagging behind other major economies.

Irish economy faces the test of Trump's protectionism
Irish economy faces the test of Trump's protectionism
by  AFP

With a general election next week, Ireland and its 5.4 million inhabitants fear finding themselves in the eye of a protectionist storm promised by incoming US president Donald Trump. - Stewart, from Trinity College Dublin Business School, described the looming Trump presidency as "a matter of concern" but said "not to panic at this stage".

'Primitive' beers draw crowds at Belgian brewery
'Primitive' beers draw crowds at Belgian brewery
by  AFP

Winding between copper vats and oak barrels, a cluster of early-morning visitors filed through a cavernous Brussels building for an up-close peek at craft beers brewed using a centuries-old method -- before sampling the result.

'Moment of truth' for world-first plastic pollution treaty
'Moment of truth' for world-first plastic pollution treaty
by  AFP

Plastic pollution litters our seas, our air and even our bodies, but negotiators face an uphill battle next week to agree on the world's first treaty aimed at ending the problem. "Everyone wants an end to plastic pollution," she said.

Japan government to approve $140bn stimulus
Japan government to approve $140bn stimulus
by  AFP

Japan's minority government was expected Friday to approve a $140-billion stimulus drive aimed at putting more money in consumers' pockets after the ruling party's worst election result in 15 years. The package comes a year after Ishiba's predecessor Fumio Kishida, who resigned earlier this year, announced a stimulus package worth 17 trillion yen ($113 billion at the time).

Top US securities regulator to exit, clearing way for Trump pick
Top US securities regulator to exit, clearing way for Trump pick
by  AFP

The top US securities regulator, a skeptic towards cryptocurrency who was appointed by President Joe Biden, announced Thursday he will step down in January when Donald Trump takes office. Gary Gensler, chair of the Securities and Exchange Commission (SEC), said he will resign on January 20, the same day Trump assumes the presidency.