UK economy’s disappointing November growth fuels the case for Bank of England rate cut
The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.
Financial News
German economy contracts 0.2% in 2024 in second consecutive annual slowdown
The German economy contracted by 0.2% in 2024, in the second consecutive year of declines in the annual gross domestic product of Europe’s largest economy.
As the U.S. dollar soars, here are Europe’s biggest winners and losers
As the dollar hits multi-year highs, certain European countries could benefit or suffer.
Spike in UK borrowing costs raises specter of public spending cuts
Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an “emergency panic situation,” but was stuck in a low-growth trap.
Mark Zuckerberg slams Apple on its lack of innovation and ‘random rules’
Zuckerberg told Joe Rogan that Apple hasn’t invented anything great in roughly two decades, since Steve Jobs created the iPhone.
Apple’s market share slides in China as iPhone shipments decline, analyst Kuo says
Analyst Ming-Chi Kuo wrote in a post on Friday that Apple is losing market share in China due to declining iPhone shipments.
World’s biggest chipmaker TSMC posts record 2024 revenue as AI boost continues
TSMC manufacturers semiconductors for some of the world’s biggest companies from Apple to Nvidia.
‘The sky is the limit’ on Damac investment in the U.S., Dubai property giant’s chief says
“We can use initially our own financial resources, but then [in the] second phase we can use [a] third party’s money,” Sajwani said of the planned investment.
Aviation industry faces a slew of challenges insiders say will take years to resolve
The aviation industry is bracing for another year of difficulties, as delivery delays at Boeing and supply chain problems are set to continue in 2025.
dLocal, Latin America’s answer to Stripe, wins UK license in global expansion push
Latin American payments firm dLocal has secured a U.K. payment institution license, adding to its growing portfolio of licenses as it furthers global expansion.