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Palestinian economy facing unprecedented crisis: World Bank
The war in the Palestinian territories is having a catastrophic impact on the local economy, the World Bank said Monday, noting that all sectors have been badly affected by Israel's attacks. "The ongoing conflict in the Middle East continues to have a catastrophic impact on the Palestinian economy, pushing the territories into a crisis of unprecedented magnitude," the bank said in a statement.
Cameroon leader urges 'urgent action' on central African economy
Cameroonian President Paul Biya on Monday urged central African states to take "urgent action" to face the region's "concerning" economic climate, in his first public appearance since late October.
SoftBank pledges to invest $100 bn into US, creating 100,000 jobs
The Japanese tech titan SoftBank will invest $100 billion in the United States, creating at least 100,000 jobs, US President-elect Donald Trump said Monday, in a boost to his incoming administration. - Boost for Trump - Son's announcement is a boost to the incoming Trump administration, which takes office on January 20, 2025.
Canada deputy PM quits in tariff rift with Trudeau
Canada's Deputy Prime Minister Chrystia Freeland quit Monday in a surprise move after disagreeing with Justin Trudeau over US President-elect Donald Trump's tariff threats. As finance minister, she explained the need to take Trump's tariffs threats "extremely seriously."
SoftBank CEO set to announce $100 bn US investment
SoftBank CEO set to announce $100 bn US investment
Paris-Berlin direct daytime highspeed rail link launched
French and German rail operators launched the first direct high-speed rail link between Paris and Berlin on Monday, in response to growing European demand for train travel. But French rail operator SNCF has reported an occupancy rate of over 80 percent for the new trains.
UK approves Royal Mail takeover by Czech billionaire
Britain's centuries-old Royal Mail is set to pass into foreign ownership after the UK government Monday approved the takeover of its parent company by Czech billionaire Daniel Kretinsky's EP Group. Both parties have been waiting for the government green light since IDS in May accepted the takeover offer from the EP Group, which already held a near 28-percent stake.
Spinoffs of French tycoon's media empire make market debut
Three spinoffs from French right-wing tycoon Vincent Bollore's Vivendi media empire debuted on stock markets on Monday, with mixed results as shares in the Canal+ television and film group tanked in London. Canal+, whose movie studio is behind the "Paddington" film series, fell 15 percent on the London stock exchange in morning deals.
Lagarde says ECB will continue to cut interest rates
European Central Bank chief Christine Lagarde said Monday eurozone policymakers would keep cutting interest rates and warned that higher US tariffs under President-elect Donald Trump could hit growth in the bloc. If the United States took a protectionist run on trade under Trump, "growth in the euro area is likely to take a hit", she said.
AFP
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