News and top stories on the state of the global economy. The latest economic data, reports and updates from countries around the world, on jobs, trade, interest rates and more.
BoE may need to speed up rate cuts in coming year, policymaker saysInflation and interest rates tracker: see how your country compares
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects youFirstFT: Germany’s economy contracts for second straight year Also in today’s newsletter, South Korea’s impeached president is arrested and powerful Wall Street dealmaker joins OpenAI boardChinese demand for steel and iron ore has finally peaked.
Also in today’s newsletter, special counsel Jack Smith issues report on election interference, and Amazon plans AI ‘brain’ for AlexaIndian IT outsourcers look to Trump bump to revive fortunesWith Germany’s economy stalling, tentative growth in Portugal, Italy, Greece and Spain is some good news for the Eurozone. Will it last?S&P finds ramp-up of exports could add $1.
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Canada Plunges into Political Turmoil Ahead of Trump's ReturnCanadian Finance Minister Chrystia Freeland's resignation following a dispute with Prime Minister Justin Trudeau has sparked calls for Trudeau to step down, adding to political instability in major democracies just as US allies must cooperate with a disruptive new president. The crisis comes at a particularly vulnerable time for Canada, facing a potential tariff war with the US under President Trump.
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Canada Rocked by Political Crisis Ahead of Potential Trump Tariff WarCanadian Finance Minister Chrystia Freeland's resignation amidst a leadership crisis within the Liberal party adds to the political turbulence gripping major democracies just as US President-elect Donald Trump prepares to take office. The crisis, sparked by Trump's threat of 25% tariffs on Canadian imports, coincides with a series of unfortunate political events in France and Germany. Freeland's departure follows Prime Minister Justin Trudeau's attempt to demote her, prompting calls for his own resignation. The timing is particularly worrisome for Canada as it faces the prospect of a trade war with the US and struggles to address concerns over rising living and housing costs.
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Trump adds Europe to list of US trade partners he is threatening with tariffsMr Trump threatened Canada and Mexico with 25% tariffs in November.
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Trump Suggests Buying Greenland and Annexing CanadaDonald Trump reignites controversy by expressing interest in purchasing Greenland from Denmark, proposing Canada as the 51st US state, and claiming control over the Panama Canal. His remarks are met with mixed reactions, with some dismissing them as jokes while others express concern over his foreign policy intentions.
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Could Trump's Return Be the Catalyst for Canada's Economic Revival?Canadian economists propose an unlikely solution to Canada's economic woes: a second term for Donald Trump. While Trump's trade policies and political influence have been detrimental in the past, some argue his return could force Canada to address deep-seated structural issues hindering its productivity, growth, and wages. Canada faces challenges like rising unemployment, soaring household debt, and stagnant wages, leaving its population vulnerable.
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Trump's Christmas Eve Social Media Rant Targets China, Canada, and the 'Radical Left'Former US President Donald Trump used his Truth Social platform on Christmas Eve to criticize China, Canada, and his political opponents.
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