Crowds will marvel at fireworks and toast champagne to greet 2025 on Tuesday, waving goodbye to a year that brought Olympic glory, a dramatic Donald Trump return and turmoil in the Middle East and Ukraine.It is all but certain that 2024 will go down as the hottest year on record, with climate-fuelled disasters wreaking havoc …
World greets 2025 after sweltering year of Olympics, turmoil, and Trump Read More »
Europe’s main stock markets ended the year Tuesday with solid gains, as all eyes turn to 2025 and the impact that the policies of US president-elect Donald Trump will have on the global economy.London’s benchmark FTSE 100 index closed up 0.6 percent and the Paris CAC 40 rallied 0.9 percent in a shortened trading day. Over …
President Xi Jinping said China will put in place “more proactive” macroeconomic policies next year, state media reported, as he addressed a top political advisory body on Tuesday.The country has struggled this year to climb out of a slump fuelled by a property market crisis, weak consumption and soaring government debt.Beijing has unveiled a string …
Xi says China must apply ‘more proactive’ macroeconomic policies in 2025 Read More »
Asian stocks ended the year mainly in the red on Tuesday after worries about 2025 and profit-taking turned Wall Street’s usual holiday period “Santa Claus rally” into a mini-rout.The three main US indices all slumped around one percent on Monday, adding to Friday’s losses, with Tesla down 3.3 percent and Facebook owner Meta off 1.4 …
Animal ears and pom-poms on fuzzy hats adorn tourists’ heads on the streets of the frigid northeastern Chinese city of Harbin, which is enjoying a surge in visitors driven by social media.Photos and videos taken around the city’s landmarks flood platforms such as TikTok counterpart Douyin and Instagram-esque Xiaohongshu — many featuring tourists from the …
China’s frigid northeast thrives on ‘little potato’ tourism boom Read More »
Global stock markets mostly fell Monday in jittery holiday trading ahead of a potentially tumultuous 2025 that will see Donald Trump return to the White House.Wall Street’s three main indices slumped to end the day, adding to losses on Friday that have put paid to Wall Street’s usual holiday-period “Santa Claus rally.””We can’t drive major …
European and Asia stock markets mostly fell Monday in jittery holiday trade ahead of a potentially tumultuous 2025 when Donald Trump returns to the White House.With volumes thin, US futures were also pointing lower after losses on Friday that put paid to Wall Street’s usual holiday period “Santa Claus rally”.”We can’t drive major conclusions in …
Asia stocks mostly fell Monday in jittery holiday trade ahead of a potentially tumultuous 2025 when Donald Trump returns to the White House.With volumes thin, US and European equity futures were also pointing lower after losses on Friday that put paid to Wall Street’s usual holiday period “Santa Claus rally”.Tech stocks had led the way, …
Asia stocks mostly fell in thin holiday trade on Monday after tech losses killed off the traditional year-end lift on Wall Street at the end of last week.The “Santa Claus rally” got off to a good start but US stocks then fell across the board on Friday, with the S&P 500 and the Nasdaq both dropping …
After South Korea’s president and his replacement were both deposed over a failed bid to impose martial law, deepening political turmoil is threatening the country’s currency and shaking confidence in its economy.The won, which plunged Friday to its lowest level against the dollar since 2009, has been in near-constant decline since President Yoon Suk Yeol’s …
