Latest in Firstft Germany’s Economy
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FirstFT: 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 boardFinancial Times - 8h -
German economy shrinks for second consecutive year
Europe’s largest economy contracted by 0.2% in 2024Financial Times - 10h -
Goldman’s Solomon says US economy in a ‘fragile place’
Wall Street bank’s chief expects deregulation under Trump to spur business investment but urges cautionFinancial Times - 1d -
FirstFT: ‘Breakthrough’ raises hopes for Gaza ceasefire deal
Also in today’s newsletter, special counsel Jack Smith issues report on election interference, and Amazon plans AI ‘brain’ for AlexaFinancial Times - 1d -
FirstFT: Dollar hits 2-year high as interest rate assumptions change
Also in today’s newsletter, China’s trade surplus reached a new record and the reinvention of El SalvadorFinancial Times - 2d -
Syria flooded with Pepsi and Pringles as rulers open economy
End of Assad-era restrictions on dollars, exorbitant duties and extortion leads to boom in foreign goodsFinancial Times - 2d -
Jamie Dimon on the economy, billionaires, and income inequality
The chairman and CEO of JPMorgan Chase explains why he's referred to cryptocurrencies like Bitcoin as a Ponzi scheme; his bank's efforts to improve the lives of lower-income Americans; and his ...CBS News - 3d -
Jamie Dimon on the economy
As chairman and CEO of JPMorgan Chase, the largest bank in America, Jamie Dimon has said he's "cautiously pessimistic" about the economy. He explains to "60 Minutes" correspondent Lesley Stahl how ...CBS News - 3d -
Russia’s war economy is a house of cards
The financial underpinnings look increasingly fragileFinancial Times - 3d -
Is Donald Trump inheriting the best economy in history?
President-elect Trump will enter office with the lowest unemployment rate since Richard Nixon in 1969 — but red flags remain.MarketWatch - 4d -
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Mexico to Avoid U.S. Tariffs, Economy Minister Says
President-elect Donald Trump wants tariffs if Mexico doesn’t comply with his border goals.Inc. - 4d -
Biden delivers remarks on the economy
Watch live coverage as President Biden delivers remarks on the economy from the White House. This comes as the U.S. economy added 256,000 jobs in December, according to a Bureau of Labor Statistics ...NBC News - 4d -
Hiring boost indicates Trump will inherit healthy economy
The data may help determine whether the Fed will cut interest rates this month.ABC News - 5d -
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FirstFT: The hottest year on record
Also in today’s newsletter, the resurrection of Andersen Consulting, and hiding savings from a significant otherFinancial Times - 5d -
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China bets on kitchen appliances to boost economy
A list of subsidised household goods has been expanded as Beijing tries to increase domestic spending.BBC News - 6d -
FirstFT: Elon Musk moves against Keir Starmer
Also in today’s newsletter, corporate borrowers rush to lock in loans and the growing interest in lunar spectrumFinancial Times - 6d -
'Trump 2.0' looms large over the global economy
Donald Trump's planned tariffs are expected to greatly impact international trade in 2025.BBC News - 6d -
Germany warns Trump after Greenland takeover threat
German Chancellor Olaf Scholz sent a warning to President-elect Trump over border rules as the incoming president continues his threat of taking over Greenland. Scholz said Wednesday that he spoke ...The Hill - 6d -
FirstFT: California declares state of emergency as wildfires rage
Also in today’s newsletter, Facebook ends third-party fact-checking, and analysts turn on Citi’s chief executiveFinancial Times - Jan. 8 -
Germany pushes for EU to ease sanctions on Syria
Berlin circulates proposals for relief on curbs in exchange for reforms from new leadership in DamascusFinancial Times - Jan. 7 -
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Developed economies across the globe are abandoning progressive policies
In developed economies, progressive-liberal policy agendas such as open borders, the green energy transition and transgender youth are being rejected by voters, leading to political shifts towards ...The Hill - Jan. 7 -
FirstFT: US corporate bankruptcies hit 14-year high
Also in today’s newsletter, Trump reiterates ambition to buy Greenland and Wall Street’s top regulator steps downFinancial Times - Jan. 7 -
FirstFT: Private equity to lobby Trump as industry seeks to tap retirement funds
Also in today’s newsletter, China’s equity markets extend poor start to the year and accountancy’s Gen Z problemFinancial Times - Jan. 6 -
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Musk extends political tentacles into UK, Germany
Elon Musk is seeking to wield the power of his social media network to boost far-right political movements in the United Kingdom and Germany, after becoming a major backer of President-elect Trump ...The Hill - Jan. 6 -
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UK vies with Germany to be European EV champion
Year of record sales was still below government targetsFinancial Times - Jan. 4 -
FirstFT: China’s central bank prepares for historic monetary policy shift
Also in today’s newsletter, cold winter snap stokes US heating prices and a shake-up at the top of MetaFinancial Times - Jan. 3 -
Pelosi returns to DC after hip surgery in Germany
Former House Speaker Nancy Pelosi (D-Calif.) said she is en route to Washington after recently undergoing a hip replacement surgery in Germany following a fall in Luxembourg last month. “I am on ...The Hill - Jan. 2 -
Carville on Harris loss: ‘It is and it always will be the economy, stupid’
Democratic strategist James Carville, who coined the phrase “It’s the economy, stupid,” admitted his predictions for the 2024 race were wrong and that Democrats lost because of the economy. ...The Hill - Jan. 2 -
FirstFT: Trump’s protectionist policies will hurt global growth, economists warn
Also in today’s newsletter, ‘terrorism’ in New Orleans and the business trends to watch in 2025Financial Times - Jan. 2 -
Problems with UK economy data could be widespread, warns lawmaker
Meg Hillier highlights damaging consequences of under-investment in key forecasting systemsFinancial Times - Jan. 2