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Russia will continue to be a threat to Europe even after the Ukraine war

Russia will continue to be a threat to Europe even after the Ukraine war

Russia and the countries that support it will continue to be a danger to Europe even after the war in Ukraine is over, Finnish Defense Minister Antti Hakkanen declared on Thursday. Finland, like Ukraine, is a neighbor of Russia, with which it shares a border of more than 1,300 kilometers that is currently closed to ...

Biden cancels almost $4.3 billion in student debt for public workers

Biden cancels almost $4.3 billion in student debt for public workers

President Joe Biden announced plans on Friday to cancel student debt for about 55,000 public sector workers, as his administration pushes to zero out more people’s balances in the final weeks of his administration. The measure, which represents the cancellation of US$4.28 billion owed in federal loans, brings to nearly 5 million the total number ...

Trump advisers recommend reformulating auto industry regulation

Trump advisers recommend reformulating auto industry regulation

President-elect Donald Trump’s advisers are recommending a two-pronged approach to reshaping the American auto industry: cutting federal subsidies to boost sales of electric vehicles while fostering a domestic supply chain to produce them. Together, the suggestions highlight how Trump’s campaign promise to “end” electric vehicle mandatesIt could manifest itself in policies that prioritize domestic car ...

Last big week of the year for interest rates for the world's central banks

Last big week of the year for interest rates for the world’s central banks

Today the Federal Reserve is expected to announce another 25 basis point cut to its interest ratesin what is their last meeting of 2024. This would mark the third consecutive reduction this year and with which we bet for bringing borrowing costs to the 4.25%-4.5% range (from the current 4.75% level). But while the world’s ...

In Moscow, Ukraine fires Russian general who was in charge of nuclear technology

In Moscow, Ukraine fires Russian general who was in charge of nuclear technology

The Security Service of Ukraine (SBU) on Tuesday killed Russian Lieutenant General Igor Kirillov in a special operation in Moscow, an agency source told Reuters. The source said kyiv considered Kirillov a war criminal and an “absolutely legitimate target”, accused of ordering the use of banned chemical weapons against Ukrainian forces. In the war, they ...

The Brazilian Treasury expects gross debt to grow by 10 percentage points under Lula

The Brazilian Treasury expects gross debt to grow by 10 percentage points under Lula

Brazil’s Treasury projected on Monday that the gross debt of Latin America’s largest economy will only begin to decline in 2028, after an increase of 10 percentage points during the current mandate of President Luiz Inácio Lula da Silva. In its fiscal projections report, the treasury estimated that the country’s gross debt-to-GDP ratio will peak ...

24 hours of rate cuts end a year of bank easing

24 hours of rate cuts end a year of bank easing

A year in which inflation fell enough for monetary policy to begin to be relaxed in most advanced economies is about to conclude with a series of 24-hour decisions led by the Federal Reserve. The US announcement will take center stage on Wednesday, followed by peers in Japan, the Nordics and the UK the following ...

SoftBank CEO will announce a US$100 billion investment in the United States

SoftBank CEO will announce a US$100 billion investment in the United States

SoftBank Group CEO Masayoshi Son will announce a $100 billion investment in the United States over the next four years during a visit Monday to US President-elect Donald Trump’s Mar-a-Lago residence , Cnbc reported. Masayoshi Son will also promise in a joint announcement with Trump the creation of 100,000 jobs focused on artificial intelligence (AI)and ...

Corporate profits to shrink 7% by 2035 in the face of climate risks

Corporate profits to shrink 7% by 2035 in the face of climate risks

The World Economic Forum, WEF, presented two studies that call on the productive sector to act against the risks of the climate crisis, these are ‘The Cost of Inaction: A CEO’s Guide to Tackling Climate Risk’ and ‘Business on the Edge: How to Strengthen Industry Resilience to Climate Risks’. With them, he warns that companies ...