Ex-Cleveland Fed President Mester sees fewer rate cuts after Trump win

Federal Reserve chair Jerome Powell speaks during a news conference on Sept.18, 2024 in Washington, DC. Anna Moneymaker | Getty The U.S. Federal Reserve could carry out fewer interest rate cuts than previously expected next year should President-elect Donald Trump’s proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday. Mester indicated that…

China willing to be partners, friends with US, Chinese envoy says

The national flags of the United States and China flutter at the Fairmont Peace Hotel on April 25, 2024 in Shanghai, China. Wang Gang | Visual China Group | Getty Images China is willing to be partners and friends with the United States, China’s ambassador to Washington said, seeking to strengthen dialogue between the world’s…

Mike Tyson vs Jake Paul: Mike Tyson beaten by Jake Paul on points in drab contest

The event was streamed to Netflix’s global reach of 283 million subscribers worldwide. The bout may have underwhelmed, but a show was put on for those in attendance. With Paul reported to make £30m and Tyson half that, no expense was spared for a fight generating such ludicrous amount of money. Paul was driven to…

Zelensky says war will ‘end sooner’ once Trump becomes US president

Ukrainian President Volodymyr Zelensky says he is certain the war with Russia will “end sooner” than it otherwise would have done once Donald Trump becomes US president. Zelensky said he had a “constructive exchange” with Trump during their phone conversation after his victory in the US presidential election. He did not say whether Trump had…

A new luxury sleeper train is launching in England and Wales

LVMH-owned luxury hospitality company Belmond will launch a luxury sleeper train next year that will take travelers through the countryside of England and Wales. The Britannic Explorer will run three itineraries: one to the southwestern county of Cornwall and the other to the opposite end of England through the Lake District of Cumbria in the…

US UK trade talks could resume under Trump, tariff exemptions possible

The U.S. Stars and Stripes flag hangs on Whitehall with the figure of Lord Nelson on the top of his column in Trafalgar Square, on 3rd June 2019, in London England.  Richard Baker | In Pictures | Getty Images LONDON — President-elect Donald Trump’s proposed trade tariffs could prove a boon for the U.K., with…

T-Mobile hacked in massive Chinese breach of telecom networks, WSJ reports

A person walks by a T-Mobile retail store on May 28, 2024 in San Francisco, California.  Justin Sullivan | Getty Images T-Mobile‘s network was among the systems hacked in a damaging Chinese cyber-espionage operation that gained entry into multiple U.S. and international telecommunications companies, The Wall Street Journal reported on Friday citing people familiar with…

UK car finance industry in crisis, with banks bracing for mega payouts

View looking towards the Royal Exchange and in the City of London where the glass architecture of the tower 22 Bishopsgate disappears into mist on 6th November 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Britain’s motor finance industry is in disarray, with analysts warning of worst-case scenarios similar in…

China’s Caixin manufacturing PMI for October

Workers assemble at a workshop of an equipment manufacturing enterprise in Yunmenshan Street, Qingzhou city, East China’s Shandong province, Aug. 9, 2023. Costfoto | Nurphoto | Getty Images China’s factory activity swung back into expansion among smaller manufacturers in October, according to a private survey released on Friday. The Caixin/S&P Global manufacturing purchasing manager’s index…

Chinese EV company Zeekr deliveries rise in October to a record high

ZEEKR EV cars are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. Chalinee Thirasupa | Reuters Chinese electric carmaker Zeekr said Thursday its deliveries surged by 92% in October from a year ago, helping the company clock its best month at 25,049 vehicles. That beat the prior record of…

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