The EU is developing proposed trade safeguards that could restrict select countries or companies from accessing its single market for, following a record $35 billion EU-China trade surplus in September and a hybrid-car trade deal. (Source: Bloomberg)
China’s economy is heading for a second straight quarter of growth below the 2026 target set by the nation’s leaders, with their recent stimulus measures having come too late to make a notable impact.
The situation in euro-area bond markets is contained and far from requiring intervention from the bloc’s rescue fund, according to European Stability Mechanism Managing Director Pierre Gramegna.
Expanding New York City’s childcare system to provide universal coverage for more children would cost about $735 million a year, according to a new report, raising questions about how Mayor Zohran Mamdani would finance a signature proposal.
UK Chancellor of the Exchequer John Healey is set to raise taxes on banks to fund cost-of-living support for voters and stabilize the public finances, as he looks for sources of revenue that won’t violate Labour Party campaign pledges.
The European Union is preparing to create new trade powers that could completely shut off access to its single market as part of a dramatic new push to cut the trade deficit with China.
European Central Bank policymakers are getting impatient with Christine Lagarde’s refusal to offer clarity on her future, people familiar with the matter said.
Kenya’s central bank Governor Kamau Thugge said the timing of a new International Monetary Fund program is hard to predict as the two sides hash out the details.
Spain’s opposition leader backed Pablo Hernández de Cos to run the European Central Bank, a boon for his candidacy just as the country approaches a snap election.
India’s Supreme Court hears challenges to the country’s voter-roll revision and separate cases over alleged police brutality, mass detentions and security restrictions during protests in New Delhi. (Source: Bloomberg)
The International Monetary Fund nudged up its forecast for economic growth in sub-Saharan Africa, but said it stands ready to help if geopolitical challenges put the region under undue strain.
UK businesses are looking to absorb the energy shock and cut costs rather than hike prices for consumers, Bank of England Deputy Governor Sarah Breeden said as two other officials appeared to make the case for interest-rate hikes.
India’s trade gap expanded in September as festive demand and surging oil prices pushed up imports, adding to risks from the drawn-out conflict in the Middle East.
