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Dollar finds footing ahead of job data deluge
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Fall in euro zone Nov business activity adds to recession expectations -PMI
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Swathes of Siberia freeze in temperatures below -58 Celsius
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Dollar gains back ground on rate bets; bitcoin breaches $42,000
Spotify to cut 1,500 jobs in third layoff round this year, shares jump
Date: December 4, 2023
Spotify to cut 1,500 jobs in third layoff round this year, shares jump By Supantha Mukherjee STOCKHOLM (Reuters) – Music streaming giant Spotify said on Monday that it will lay off around 1,500 employees, or 17% of its workforce, to bring down costs, after letting 600 of its staff go in January, and 200 more...
German budget crisis talks enter crunch week
Date: December 4, 2023
German budget crisis talks enter crunch week BERLIN (Reuters) – German Chancellor Olaf Scholz, Finance Minister Christian Lindner and Economy Minister Robert Habeck held talks over the weekend to try to agree a budget for 2024 after a constitutional court ruling threw the government’s finances into disarray. Habeck also cancelled his trip to global climate...
EU auditors warn about worsening competition in public procurement
Date: December 4, 2023
EU auditors warn about worsening competition in public procurement By Gabriela Baczynska BRUSSELS (Reuters) – Competition in public procurement across the 27 European Union countries worsened over the last decade, the European Court of Auditors (ECA) said on Monday, with as much as 2 trillion euros ($2.2 trillion) at stake every year. ECA said that...
Reconsidering climate risk: a return to valuation fundamentals
Date: December 4, 2023
Reconsidering climate risk: a return to valuation fundamentals Kenneth Grant and Andrea Cardani are Managing Directors; Jose Jimenez Pereira is an Associate Director; Matthew Stein is a Consultant with the Berkeley Research Group’s Global Economics group. As evidenced by the recent release of the Security and Exchange Commission’s climate-related disclosure rule, climate risk has emerged...
Britain sets out marketing rules for EU investment funds in the UK
Date: December 4, 2023
Britain sets out marketing rules for EU investment funds in the UK By Huw Jones LONDON (Reuters) -Britain proposed on Monday permanent, post-Brexit rules for investment funds from the European Union that want to continue marketing themselves to retail investors in the UK, including spelling out limitations to compensation. After Britain left the EU, it...
UK’s FTSE 100 falls on energy, miners drag
Date: December 4, 2023
UK’s FTSE 100 falls on energy, miners drag By Shashwat Chauhan (Reuters) -The UK’s FTSE 100 fell on Monday as losses in heavyweight energy and mining stocks outweighed broader market gains, while the focus slowly shifted to the United States’ jobs data due later in the week. The commodities-heavy FTSE 100 fell 0.3%, while the...