Browsing: Business

UK inflation rose to 2.6% in November, reflecting rising energy costs and wage pressures, according to the ONS. Core inflation also rose to 3.5%, underscoring persistent challenges.

T. Rowe Price forecasts US Treasury yields may reach 6% in 2025 as persistent deficits, inflation risks, and global bond selloffs put increasing pressure on the US fiscal outlook.

Pfizer forecasts 2025 revenue of up to $64 billion and adjusted earnings growth, navigating cost challenges amid Medicare changes and advancing promising drug pipeline assets, including its weight-loss candidate.

Markets opened higher Monday as investors awaited the Federal Reserve’s meeting, with key rate decisions and 2025 projections expected, while Nasdaq reshuffle pressured Super Micro and boosted MicroStrategy.

Drydocks World, in partnership with GE Vernova and 50Hertz, will deliver Germany’s Ostwind 4 project, connecting Baltic Sea wind farms to the grid with 2GW of renewable energy.

The Federal Reserve is likely to cut rates again next week, marking the third reduction since September, potentially easing financial pressure on borrowers while savings account yields remain competitive.

Business confidence among Japan’s manufacturers improved to 14 in December, surpassing market forecasts, while nonmanufacturers’ sentiment declined slightly, highlighting mixed economic signals.

Global trade will hit $33 trillion in 2024, driven by services sector growth, while goods trade lags behind, UNCTAD reports. Opportunities exist for diversification despite challenges.

The EU spent €381.4 billion on R&D in 2023, up 6.7% from 2022, maintaining an R&D intensity of 2.2%, with the business sector leading investment at 66% of total funding.

The ADB lowered South Korea’s 2025 growth forecast to 2%, citing a semiconductor slump despite rate cuts and policies. The projection aligns with IMF and OECD estimates.