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China drives a fresh export surge that threatens Europe’s economy, and Goldman Sachs warns of GDP losses in Germany, Italy, France, and Spain as competition intensifies and EU policies falter.European economies face growing pressure as Beijing renews its export-led push and expands its global footprint.Goldman Sachs issues several reports that lower European growth forecasts in response to China’s accelerating export wave.Giovanni Pierdomenico states that increased Chinese supply damages the euro area by widening its trade deficit and weakening its competitive position.He predicts that rising Chinese competition will cut euro area output by roughly 0.5% by late 2029.The bank estimates that…
President warns of rising streaming power US President Donald Trump expresses concern about Netflix’s planned $72 billion acquisition of Warner Brothers Discovery. He tells an audience in Washington that Netflix already holds a significant share of the streaming market. He warns that merging the two companies could create serious competition problems. On Friday, both companies announce an agreement to bring major Warner franchises, including Harry Potter and Game of Thrones, to Netflix. The deal still requires approval from regulators. Requests for comment to the companies and the White House remain unanswered. Netflix looks to strengthen global position Netflix grows from…
The United States has resumed federal funding, bringing an end to months of uncertainty for many government workers. The restoration of funds follows the recent end of a government shutdown, allowing hundreds of thousands of federal employees to receive back pay and return to work without interruption. Officials said the renewed funding ensures that essential government services, including national parks, public health programs, and administrative operations, can continue without delay. The move also stabilizes federal agencies and strengthens confidence in public institutions. During the shutdown, many federal workers experienced furloughs or delays in pay, creating financial challenges for employees and…
The White House unveiled a media “Hall of Shame” as Trump intensifies his crusade against what he calls fake news. The move escalates his conflicts with journalists who criticize his conduct. The administration described the portal as “fully sortable and routinely updated,” insisting it prevents hoaxes, anonymous fiction, and partisan smears from disappearing. The site lists The Washington Post as “Offender of the week” and targets outlets such as The New York Times, CNN, CBS News, and The Independent. The portal groups claims by publication and reporter. It also includes agencies like the Associated Press and Reuters, accusing one of…
A landmark deal reshaping entertainment Netflix plans to acquire the film and streaming divisions of Warner Bros Discovery for 72 billion dollars. The company wins a fierce bidding battle against Comcast and Paramount Skydance. Warner Bros owns major franchises such as Harry Potter and Game of Thrones and runs the streaming service HBO Max. The merger would create a powerful entertainment leader, but regulators must still approve the deal. Industry groups warn the move could harm workers and viewers. Ted Sarandos, co-chief executive of Netflix, says the company is confident about regulatory approval. He says merging the content libraries will…
Organisers awarded Donald Trump the new FIFA peace prize during the 2026 World Cup draw. The event gained a stronger political tone as Trump accepted the honour. He had long pursued global recognition for peace efforts and had promoted his desire for such awards. Many observers expected him to secure this new FIFA distinction. He maintains a close relationship with Gianni Infantino, who strongly supported his candidacy. Infantino argued that Trump deserved recognition for attempts to broker a ceasefire in Gaza. He presented the award on stage and told Trump that the honour belonged to him. Infantino often describes football…
Putin Demands Full Withdrawal from Donbas Vladimir Putin again insists that Ukrainian forces leave the Donbas. He warns Russia will seize the region by force if Kyiv refuses. He tells India Today that Moscow now controls about 85% of the territory. Volodymyr Zelensky rejects any proposal to surrender land. Trump Envoys See Only Limited Progress Putin’s remarks follow Donald Trump’s claim that his envoys detected some willingness from Moscow to end the war. Negotiator Steve Witkoff plans to meet Ukraine’s delegation next in Florida. Trump calls the Kremlin talks “reasonably good” but says both sides must take action. The Kremlin…
Watches of Switzerland reported higher sales and profits even as US duties on Swiss goods reached 39%.The group said demand for premium watches and jewellery stayed resilient throughout the period.Swiss luxury watch sales continued to perform strongly in the US despite costly import tariffs.The retailer announced half-year revenue of £845 million (€967mn) for the 26 weeks ending 26 October 2025.Revenue rose 10% at constant currency and 8% at reported rates during the period.Adjusted EBIT increased to £69 million (€78.9mn), while statutory profit before tax hit £61 million (€69.78mn).The results came as sharply higher US tariffs pushed up the cost of…
Meta removes under-16 users ahead of banMeta has begun removing Australian children under 16 from Instagram, Facebook, and Threads. The company acts one week before the national youth ban takes effect. Last month, Meta informed users aged 13 to 15 that their accounts would close starting 4 December. Around 150,000 Facebook accounts and roughly 350,000 Instagram profiles are expected to be affected. Threads also restricts young users because access requires an Instagram login. Australia’s new law, effective 10 December, requires platforms to block under-16s. Companies risk fines of up to A$49.5m if they fail to comply. Meta calls for better…
The winter holiday spirit is driving more Americans to travel across the country. Festive events, holiday sales, and a strong return to flying are encouraging families and individuals to plan trips. People are visiting relatives, shopping for the holidays, or taking winter vacations, boosting demand in the tourism sector. Domestic destinations are seeing increased visitors. Cities with major holiday events, markets, and winter attractions report higher hotel bookings and fuller attractions. Road trips are also popular as travelers seek flexible and scenic journeys. Airlines report stronger flight bookings this season. Passengers are returning to airports in large numbers, reflecting confidence…