People buy vegetables at a vegetable market in Siliguri, India, on December 28, 2024.Nurphoto | Nurphoto | Getty ImagesIndia’s inflation declined for a second straight month year on year, coming in just below expectations at 5.22% in December, boosting the case for prospective interest rate cuts.Analysts polled by Reuters had forecast a 5.30% reading. The December print from the Ministry of Statistics and Programme Implementation marked the slowest pace of growth in prices since August 2024.Annual growth in food prices — a key metric — eased to 8.39% in December from 9.04% in November, with the MoSPI noting a “significant…
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One young soldier from North Korea said he didn’t know where he was fighting when he was sent from his isolated homeland to the frontline of the war between Russia and Ukraine. When asked whether his parents knew where he was, another North Korean soldier shook his head.The three-minute video clip that President Volodymyr Zelensky of Ukraine posted on the social media platform X on Sunday showed a Ukrainian official questioning two North Korean prisoners of war with the help of a Korean interpreter. The Ukrainian authorities announced their capture on Saturday, saying they were the first North Korean troops…
The Blue Origin New Glenn rocket sits at Launch Complex 36 prior to its scheduled early morning Jan. 13 launch at Cape Canaveral Space Force Station. Miguel J. Rodriguez Carrillo | Getty Images News | Getty ImagesJeff Bezos’ Blue Origin on Monday called off the inaugural launch of its New Glenn rocket following last-minute issues on the vehicle, in a blow to its bid to compete with Elon Musk’s SpaceX in the satellite space.The launch was slated to take place out of Cape Canaveral in Florida as of 1 a.m. ET.”We’re standing down on today’s launch attempt to troubleshoot a vehicle subsystem issue…
For six weeks, South Korea has lurched through its worst political crisis in decades, throwing the resilience of the country’s democracy into question. On Tuesday, it takes the biggest step toward a resolution, when the Constitutional Court begins deliberating whether to remove or reinstate the country’s impeached president.The eight justices on the court will be the final arbiters on the fate of President Yoon Suk Yeol, who was impeached and suspended from office on Dec. 14 by the National Assembly for his short-lived declaration of martial law 11 days earlier.The stakes are high. Rival groups of citizens have rallied for…
The march higher in U.K. government bond yields since the launch of the Labour government’s debut budget plan in October sparked widespread concern last week, as borrowing costs rose to breach numerous decade highs.The prospect of public spending cuts or further tax rises came into focus as 30-year gilt yields hit their highest level since 1998. Despite initially falling after Labour’s election victory in July, 2-year gilt yields have also climbed back above 4.5%, while the 10-year yield reached levels not seen since 2008.Waning investor confidence in the U.K. was particularly highlighted by a concurrent fall in sterling, which on…
European markets are expected to start the new trading week in mixed territory Monday, as jitters over the global economy persist.The U.K.’s FTSE 100 index is expected to open 22 points lower at 8,227, Germany’s DAX down 37 points at 20,182, France’s CAC down 11 points at 7,413 and Italy’s FTSE MIB down 143 points at 34,999, according to data from IG. There are no major earnings or data releases Monday.European markets closed lower last Friday, as investors reacted to the latest U.S. jobs data that showed nonfarm payrolls were up by 256,000 last month — much more than the 155,000…
A job and resource fair hosted by the Mountain Area Workforce Development Board in partnership with NCWorks in Hendersonville, North Carolina, U.S., on Tuesday, Nov. 19, 2024. Allison Joyce | Bloomberg | Getty ImagesThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayExplosion of jobs in DecemberU.S. nonfarm payrolls surged 256,000 in December, up from 212,000 in November and above the 155,000 forecast from the Dow Jones consensus,…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTheo Panagiotoulias, CEO of Star Alliance, talks about the post-pandemic rebound in the travel sector, and some of the key regions and routes he’s watching in 2025. Source link
An aerial view of a container ship leaving the dockyard in Qingdao in east China’s Shandong province.Future Publishing | Future Publishing | Getty ImagesChina’s exports and imports in December beat expectations by a large margin, data from the country’s customs authority showed Monday, with exporters continuing to frontload shipments ahead of U.S. President-elect Donald Trump’s pending tariffs.China’s exports in December jumped 10.7% from a year earlier, beating the expectation of a 7.3% growth in a Reuters poll. That compares with a 6.7% growth in November and a spike of 12.7% in October.Customs data showed imports rose 1.0% last month from…
The wildfires around Los Angeles are set to cost European insurance giants up to a billion euros in payouts this year. Millions of people have been displaced, thousands of homes and buildings have been destroyed and at least five people have been reported dead due to the wildfires. While total economic loss due to the disaster is expected to be around $50 billion , JPMorgan believes that insured losses originating from the wildfire could be around $20 billion — double the $10 billion they forecast earlier in the month. At least seven European listed reinsurance firms are expected to bear about a billion…
