Euro zone inflation sinks to 2.4%, below expectations
Euro zone price rises cooled to 2.4% November, flash figures showed.
Financial News
Former Trump advisor says the U.S. economy is ‘back to normal,’ but markets may be jumping the gun on rate hikes
The market is getting ahead of the likely pace of U.S. interest rate cuts, according to IBM Vice Chairman Gary Cohn.
European tech funding halves to $45 billion, back to pre-Covid levels — but AI is a bright spot
Overall funding for European venture-backed companies is projected to decline 45% in 2023 from a year ago, according to VC firm Atomico.
Ukraine’s push into Russian-occupied territory was bold — but a breakthrough is far from guaranteed
Hopes have risen that Ukraine could have made a small but key breakthrough in its six-month counteroffensive.
Black Friday shoppers spent a record $9.8 billion in U.S. online sales, up 7.5% from last year
Black Friday kept the momentum going from the day before on Thanksgiving when online sales totaled $5.6 billion.
Nvidia shares close down on report it delays China AI chip designed to comply with U.S. export rules
Reuters, citing two sources familiar with the matter, reported that Nvidia told Chinese customers that it is delaying the launch of an AI chip that is designed to comply with …
Gaza’s economy is in ruins as Israel-Hamas war sets development back decades
Gaza’s war-battered economy is about to sink further. Unemployment rate now stands close to 100%, and its economy is “ceasing activity” indefinitely.
Why the UK government’s tax cuts still leave workers worse off
U.K. Finance Minister Jeremy Hunt on Wednesday announced a substantial cut to National Insurance.
OpenAI brings Sam Altman back as CEO less than a week after he was fired by board
Less than a week after he was fired as CEO by the OpenAI board, Sam Altman is back running the artificial intelligence startup.
China’s property sector needs more government support as crisis deepens
China’s property market, which makes up a substantial chunk of the country’s economy, needs more government support to prevent further deterioration, analysts said.