The euro zone economy stalled in Q4, posting zero growth, missing forecasts. The ECB responded with a rate cut as inflation concerns persist despite weak GDP data.
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Shell’s 2024 profit fell 16% to $23.72 billion, missing estimates. Despite weaker oil prices, the company raised dividends by 4% and announced a $3.5 billion share buyback.
Russia’s grain exports reached a record 72 million tonnes in 2024, driven by strategic growth in agricultural output and trade, cementing its global leadership.
HSBC is closing M&A and equity markets operations in the US, UK, and Europe, focusing on growth in Asia and the Middle East under CEO Georges Elhedery’s restructuring plan.
Sheikh Abdullah and Dr. Jaishankar discussed UAE-India ties in Abu Dhabi, focusing on economic, cultural, and regional cooperation to strengthen their enduring strategic partnership.
China’s manufacturing sector faces renewed contraction, as PMI data underscores weak domestic demand, global trade risks, and calls for stronger stimulus in 2025.
Despite calls from President Trump for immediate rate cuts, the Federal Reserve is poised to maintain current interest rates, leaving consumers struggling with persistent high borrowing costs.
Bitcoin plunged 5 percent, losing $5,000 per token, as $130M liquidated in long positions. Traders now focus on Fed decisions, GDP data, and inflation indicators.
Trump’s 25% tariff on Colombian imports, escalating to 50%, targets coffee, oil, and flowers, driving up U.S. consumer prices while straining trade relations amid immigration disputes.
The SEC rescinds SAB 121, clearing barriers for banks to custody bitcoin and crypto, signaling a major step in regulatory evolution for digital assets.