Bank of England cuts rates, sees gradual reductions ahead as Labour budget boosts inflation forecast
The Bank of England cut interest rates by 25 basis points Thursday, in a widely expected move.
CNBC Daily Open: The Trump rally kicks off
Donald Trump’s victory in the U.S. presidential elections is providing a tailwind to risk assets. But Wednesday’s frenzy could have been a relief rally too.
Adyen shares slide as payments giant’s transaction volume growth slows
Adyen shares sank Thursday after the company reported a slowdown in the growth of its transaction volumes in the third quarter.
Trump victory deals latest heavy blow to a struggling Germany
Donald Trump’s election as U.S. President could be yet another major blow for the struggling German economy.
China congratulates Trump, says it respects America’s choice
China congratulated Donald Trump on his victory, urging a “pragmatic” approach to U.S.-China differences as tariff threats loomed.
Trump likely to uphold CHIPS Act despite his campaign rhetoric, policy experts say
President elect Donald Trump is unlikely to roll back the Biden administration’s CHIPS and Science Act, despite his campaign rhetoric on the bill, experts say.
Australia proposes ban on social media for children under 16
Australia’s PM Albanese said on Thursday the government would legislate for a ban on social media for children under 16, a policy they say is world-leading.
China October exports record highest jump in 19 months, imports decline more than expected
The world’s second largest economy has been grappling with weakening domestic consumption and a protracted property crisis, with exports being a rare bright spot.
Trump win and threat of more tariffs raises expectations for more China stimulus
Donald Trump’s presidential win has raised the bar for Beijing’s fiscal stimulus plans, expected Friday.
CNBC Daily Open: The Trump rally begins
Donald Trump’s victory in the U.S. presidential elections is providing a tailwind to risk assets. But Wednesday’s frenzy could have been a relief rally too.
