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Germany in deep economic crisis, BDI industrial lobby group says
German GDP to shrink, marking three years of decline, says BDIBDI head cites high costs, competition as growth barriersUrges public investment and strategic independence for recoveryAdds details on Trump in paragraphs 10-11, adds bullet points, details on economic challenges in 3-4.By Maria Martinez...Reuters
Tue, Jan 28
Euro zone banks tighten companies' access to credit, ECB survey shows
FRANKFURT, Jan 28 (Reuters) - Euro zone banks tightened firms' access to credit last quarter and expect further tightening in the first three months of 2025, a European Central Bank survey showed on Tuesday, reinforcing the case for more interest rate cuts as the economy slows.Lending growth has...Reuters
Tue, Jan 28
Germany is in deep economic crisis, says BDI industrial lobby
By Maria MartinezBERLIN, Jan 28 (Reuters) - Germany is in a deep economic crisis, Germany's BDI industry association said on Tuesday, forecasting a 0.1% contraction in gross domestic product in 2025.A decline in 2025 would mark the first time since Germany reunified that the country has been in ...Reuters
Tue, Jan 28
Japan government nominates female academic to join BOJ board
Government picks Waseda Univ professor as new BOJ board memberKoeda to replace incumbent board member Seiji AdachiChoice likely to deepen debate on BOJ's policy normalisationAnalysts expect no major impact on BOJ's rate-hike pathNomination requires parliament approvalRewrites with details, b...Reuters
Tue, Jan 28
NZ PM Luxon: Will bring a relentless focus on unleashing growth
In a parliamentary speech on Tuesday, New Zealand (NZ) Prime Minister (PM) Christopher Luxon said that his government will bring a relentless focus on unleashing growth to lift incomes, strengthen local businesses, and create opportunity in 2025.” He further noted that “promising signs of success were seen in 2024, such as inflation dropping and remaining low, interest rates starting to fall, wages continuing to rise faster than inflation, and business and consumer confidence rising.” .
Fxstreet
Tue, Jan 28
BREAKINGVIEWS-The economics of war and peace in Ukraine: podcast
The host is a Reuters Breakingviews columnist. The opinions expressed are his own.By Peter Thal Larsen DAVOS, Switzerland, Jan 28 (Reuters Breakingviews) - Follow on Apple or Spotify. Listen on the Reuters app. Read the episode transcript. Listen to the podcast It’s almost three years sin...Reuters
Tue, Jan 28
White House pauses all federal grants, sparking confusion – WaPo
Citing an internal memo sent by the Office of Management and Budget to agencies Monday, the Washington Post (WaPo) reported early Tuesday that “the White House budget office is ordering a pause to all grants and loans disbursed by the federal government.” Additional takeaways “Trillions of dollars could be on hold.” “Matthew J.Fxstreet
Tue, Jan 28
Japan's corporate service inflation hits 2.9%, signals broadening price pressure
TOKYO, Jan 28 (Reuters) - A leading indicator of Japan's service-sector inflation hit 2.9% in December as prices rose for a broad range of services such as accommodation and transportation, data showed, keeping alive expectations of further interest rate hikes by the central bank.Service-sector ...Reuters
Tue, Jan 28
EV car sales to top 20 million in 2025, research firm says
By Alessandro Parodi Jan 28 (Reuters) - Global sales of fully electric and plug-in hybrid vehicles will rise by at least 17% this year to over 20 million cars, helped by an extension of China's auto trade-in subsidies, research firm Rho Motion forecast on Tuesday.Europe, the world's secon...Reuters
Tue, Jan 28
Mexican government places two new euro-denominated bonds
Adds context on debt and budget deficit in paragraphs 1, 3, details on bonds in paragraphs 4 MEXICO CITY, Jan 27 (Reuters) - Mexico's government said it issued new debt on Monday, placing two bonds worth a total of 2.4 billion euros in its second international capital market issuance since Pr...Reuters
Mon, Jan 27
Trump's hiring freeze leaves thousands of law students out in the cold
By Karen Sloan Jan 27 (Reuters) - A widespread federal government hiring freeze imposed by President Donald Trump last week has upended the job market for a wide swath of law students interested in government careers. The U.S. Department of Justice and other federal agencies revoked permanent job...Reuters
Mon, Jan 27
BREAKINGVIEWS-Colombia spat is pyrrhic start to Trump trade wars
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.By Gabriel Rubin WASHINGTON, Jan 27 (Reuters Breakingviews) - The administration of U.S. President Donald Trump aimed a weapon at Colombia’s economy and declared victory without firing a shot. The question is how...Reuters
Mon, Jan 27
