Russian Central Bank Hikes Rates to Fight Inflation Fuelled by Military Spending
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Euro zone inflation rose to 2.4% in December, meeting expectations
Economists polled by Reuters forecast a reading of 2.4%, up from 2.2% in November.CNBC - Jan. 7 -
Middle East latest: Israel's military launches wave of raids across the occupied West Bank
The Israeli military has launched a wave of raids across the occupied West Bank, killing at least three Palestinians it said were militantsABC News - Jan. 7 -
Pentagon Labels More Chinese Companies as Military in Nature
Tencent was added to the Defense Department’s list of “Chinese military companies,” contributing to a selloff in U.S.-listed shares of the WeChat owner.The Wall Street Journal - Jan. 7 -
Eurozone inflation jumps to 2.4% in third consecutive rise
Increase damps hope that European Central Bank will boost region’s flagging economy with rate cutsFinancial Times - Jan. 7 -
U.S. Adds Tencent to Chinese Military Companies Blacklist
Tencent’s shares plunged nearly 10 percent after it was designated a military company. The Chinese battery manufacturer CATL was also added to the list.The New York Times - Jan. 7 -
Another year of big wage hikes likely at big Japan firms, business lobby chair says
Yahoo News - Jan. 7 -
How Nato will hold European capitals to higher defence spending promises
Also in this newsletter: The countries breaking EU law by ignoring green deadlinesFinancial Times - Jan. 7 -
Israeli airstrike targets armed group in West Bank
Yahoo News - Jan. 7 -
NDSU’s Dominance in FCS Football Doesn’t Extend to Bison Spending
North Dakota State’s football team isn’t among the highest spenders in FCS—far from it in fact. But the school’s dominant 15-year run continued on the field Monday night, as the Bison upset ...Yahoo Sports - Jan. 7 -
HELOC interest rate pros and cons to know for 2025
A HELOC interest rate comes with some significant pros and cons in today's evolving economic climate.CBS News - Jan. 6 -
Why bank stocks care that Michael Barr is stepping down as top Fed banking cop
As vice chair of supervision, Barr was leading the effort to raise capital requirements for banks.MarketWatch - Jan. 6 -
Iran doubles military drills as it prepares for Trump
Islamic republic seeks to project strength in winter exercises following repeated strategic blows in Middle EastFinancial Times - Jan. 6 -
7 ways to get a lower mortgage rate in 2025
Lowering your interest rate can save you money over the life of the loan. Here are seven ways to make it happen.CBS News - Jan. 6 -
German inflation rises more than expected to 2.9% in December
German inflation jumped to a higher-than-expected 2.9% in December, German statistics office Destatis said Monday.CNBC - Jan. 6 -
German inflation rate climbs to 2.6% in December
Yahoo News - Jan. 6 -
France signals fewer spending cuts and tax rises ahead of budget talks
Economy minister seeks to ‘protect growth’ with slightly higher deficit target for 2025Financial Times - Jan. 6 -
Germany to release inflation estimate for 2024
Yahoo News - Jan. 6 -
Dried halibut and whale jerky: how a traditional Inuit diet fuelled an epic kayak adventure
British chef Mike Keen paddled up the coast of Greenland eating only what local people did, and the health benefits led him to question the global food system. For a period of two months last year, ...The Guardian - Jan. 6 -
Investment banks prepare for crunch year in 2025
Boutiques counting on M&A rebound to support elevated valuations and star hiresFinancial Times - Jan. 6 -
Some Baseball Teams Won’t Spend Money, and It’s a Problem
Six clubs, including two that made the playoffs last season, have yet to invest in a free agent.The New York Times - Jan. 6 -
Trump policies will likely have ‘modest’ effect on inflation, Bernanke says
The economic policies outlined by the incoming Trump administration won’t cause a radical shift in inflation, former Federal Reserve Chairman Ben Bernanke said Saturday.MarketWatch - Jan. 5 -
Ukraine launches counterattack in Russian border region
Ukrainian President Volodymyr Zelenskyy said he will again call on allies to boost his country's air defenses at a Ramstein group meeting in Germany this week.CBS News - Jan. 5 -
Europe readies for scattergun defence-spend bonanza
Sickly economies and budgetary pressures likely to hit proposals and any increase will be thinly spreadFinancial 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 -
Helping boomers spend their retirement funds is harder than it sounds
Worries about running out of money makes people frugal and wary of taking any big pension decisionsFinancial Times - Jan. 3 -
Why the U.S. economy is still strong despite the Fed’s 2022-’23 rate hikes
Something surprising happened on the way toward the highest U.S. interest rates in more than a dozen years: Neither consumers nor businesses buckled under the weight of higher borrowing costs from ...MarketWatch - Jan. 3 -
China’s central bank plans policy overhaul as pressure mounts on economy
People’s Bank of China will start to behave more like US Fed in using one main interest rate to steer demand for creditFinancial Times - Jan. 3 -
New Year's attacks fuel fears of extremism in military
The primary suspects in two deadly attacks on New Year’s Day shared a history of service in the U.S. military, underscoring persistent fears over extremism within the armed services that officials ...The Hill - Jan. 2 -
Palestinian Authority Bans Al Jazeera in West Bank
The ban comes as the PA battles militants from Hamas and its allies for control over parts of the West Bank, a fight that could shape the struggle for leadership of the Palestinian cause.The Wall Street Journal - Jan. 2 -
Ron Johnson: Reducing 'out of control' government spending is not only 'reasonable but doable'
Sen. Ron Johnson (R-Wis.) doubled down on a conservative plan to reduce government spending with new proposals outlined in an op-ed published by The Wall Street Journal. “Federal spending is out of ...The Hill - Jan. 2 -
Donald Trump, Pete Hegseth and the Honor of the American Military
Donald Trump’s foreign policy may not be as disastrous as that of George W. Bush, whose idealism and hubris led to calamity, but that doesn’t mean it won’t be corrosive.The New York Times - Jan. 2 -
Here's what to know about Medicare's new spending cap
This year, a new spending cap on medication goes into effect for the first time for people on Medicare. CBS News medical contributor Dr. Celine Gounder explains its impact.CBS News - Jan. 2 -
5 lobbying fights looming in 2025
Lobbyists will have their hands full with several massive legislative battles coming early in a second Trump administration. President-elect Trump is poised to disrupt business as usual in ...The Hill - Jan. 2 -
Ukraine halts supply of Russian gas to Europe
Ukraine ends agreement to allow gas to flow through its pipelines, with European supplies set to be tested as cold weather forecast later this week. Ukraine has halted Russian gas supplies to ...The Guardian - Jan. 1 -
Ukraine stops transport of Russian gas to Europe
Ukraine has halted the transportation of Russian gas supplies through the country after a prewar transit deal expired at the end of last year, the nation's energy minister confirmed. Ukraine ...The Hill - Jan. 1 -
Iran’s brain drain is happening at an alarming rate
The country’s loss of human capital underscores systemic problemsFinancial Times - Jan. 1 -
Russian gas stops flowing through Ukraine
Transit deal expires with no follow-up agreement on flows to central EuropeFinancial Times - Jan. 1 -
Ukraine ends transit of Russian gas to EU
Yahoo News - Jan. 1
