French voters recently embarked on a journey to participate in a snap parliamentary election that could potentially lead to the establishment of the country’s first far-right government since World War Two. This decision was prompted by President Emmanuel Macron after his centrist alliance suffered a devastating defeat in European elections at the hands of Marine
Economy
China’s economy has been facing significant challenges in 2021, with manufacturing activity falling for the second consecutive month in June. The National Bureau of Statistics (NBS) purchasing managers’ index (PMI) recorded a reading of 49.5, below the 50-mark separating growth from contraction. This has led to calls for further stimulus to help the economy recover.
German Finance Minister Christian Lindner is standing his ground against pressure from members of his government coalition to backtrack on his proposal for significant personal income tax cuts. The plan, unveiled earlier this month, aims to implement cuts totaling 23 billion euros by 2026, with adjustments to the tax-free allowance and the income threshold for
Vietnam’s economic growth has seen a positive trend in the second quarter, with a significant increase to 6.93% from the first quarter’s 5.87%. This growth has been mainly driven by robust exports and increased industrial production. The government’s General Statistics Office (GSO) has reported that the economy expanded by 6.42% in the first half of
Recently, a federal judge in Texas made the decision to temporarily block a Biden administration rule that aimed to extend mandatory overtime pay to 4 million salaried U.S. workers. U.S. District Judge Sean Jordan, an appointee of Republican former President Donald Trump, raised concerns about the rule’s basis for eligibility for overtime pay. The rule
The Nasdaq and the S&P 500 reached all-time highs on Friday following a consumer spending report that fell in line with expectations. The report indicated that U.S. monthly inflation remained stable in May, a positive outcome after concerns arose due to surges in prices earlier in the year. This data helped to boost hopes for
The global equity market saw a surge in investments with the biggest weekly inflows in more than three months, as investors anticipated moderating U.S. inflation levels and potential interest rate cuts by the Federal Reserve. This surge is a clear indication of positive market sentiment and expectations for future market conditions. Strong Demand for U.S.
In a recent court decision, French drugmaker Servier suffered a major blow in its ongoing legal battle against the European Union. The European Commission had imposed a hefty fine of 331 million euros on Servier back in 2014 for engaging in questionable deals with competitors to delay the entry of generic versions of its popular
In recent years, European Union banks have increasingly turned to Additional Tier 1 (AT1) bonds to bolster their capital reserves in the aftermath of the global financial crisis. These high-risk debt instruments, also known as contingent convertibles or CoCos, are designed to convert into equity or be written off if a bank’s capital falls below
The Asian stock market has displayed a roller coaster ride in recent weeks, with fluctuating sentiments and evolving dynamics. The market sentiment seems to be characterized by uncertainty and caution, as traders brace themselves for impending key events and data releases. While some sectors like tech stocks have seen a surge, others like China stocks
Recent signals from the Bank of Japan (BOJ) have hinted at a potential shift in its monetary policy towards quantitative tightening (QT) and a possible interest rate hike. This change in stance comes in response to renewed yen falls, which could lead to inflation surpassing the central bank’s 2% target by driving up import costs.
Boeing has recently made an offer to acquire Spirit AeroSystems Holdings in a deal that has caught the attention of many investors. The deal, which is said to be mostly funded by stock, values Spirit AeroSystems at approximately $35 per share. This offer represents a premium of almost 6% over Spirit’s stock closing price, indicating