German Chancellor Olaf Scholz and Finance Minister Christian Lindner have both expressed skepticism regarding the reform of Germany’s ‘debt brake’. The ‘debt brake’ is a constitutional provision that limits public deficits to 0.35% of the country’s GDP. Scholz mentioned that he does not see any imminent solutions coming from reforming the debt brake and pointed
Economy
The U.S. stock market is experiencing a positive trend as some growth and chip stocks show gains. Tech giants like Meta Platforms, Microsoft, and Amazon, along with chip companies like Nvidia, Micron Technology, and AMD, are all showing increases in premarket trading. These gains are particularly significant as major players like Tesla, Apple, General Motors,
China’s data-driven quant trading funds are rapidly expanding overseas as competition intensifies domestically and regulators increase scrutiny over the $260 billion sector. Meridian & Saturn Capital (MS Capital) and DH Fund Management are among the firms branching out internationally, offering their strategies to offshore investors and venturing into global markets. The move comes as Chinese
Over the past few years, the once lucrative business prospects in China that attracted Western financial firms have taken a downturn. Previously seen as a key piece of their global growth strategy, many firms are now facing challenges as doubts grow about China’s economic recovery and its markets lag behind their global peers. This shift