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Mass Layoffs at Oil Giant

The oil giant BP is getting rid of 4,700 employees as well as 3,000 consultants in connection with a comprehensive savings package. The information has been sent out to the employees in an email that the news agency Bloomberg has taken part of.

Mass Layoffs at Oil Giant

Thedéen: Likely with another interest rate cut

It is likely that the interest rate will be lowered again within six months, according to the Central Bank Governor Erik Thedéen. .

Thedéen: Likely with another interest rate cut

Two British Interest Rate Cuts in Sight

Inflation in the UK fell for the first time in three months in December, down to 2. 5 percent, according to figures from the statistics agency ONS.

Two British Interest Rate Cuts in Sight

Upswing for Chocolate Sales – Increased Revenue

The Swiss chocolate manufacturer Lindt & Sprüngli rises by approximately 4 percent on the Zurich stock exchange after an unexpectedly strong sales trend in 2024 and a positive forecast for 2025. The report confirms Lindt's strength in terms of pricing and continued progress in terms of market shares, according to Jean-Philippe Bertschy at the investment bank Vontobel.

Upswing for Chocolate Sales – Increased Revenue

"A lot to gain" for Musk with a Tiktok purchase

Elon Musk may be on his way to take over Tiktok – at least the company's American operations. He gets access to a lot of user data from 170 million American Tiktok users, says media strategist Brit Stakston.

"A lot to gain" for Musk with a Tiktok purchase

Tough start to the year for Chinese stock exchanges

The Chinese stock exchanges have not had the most brilliant start to the new year. The CSI 300 index, which includes shares on both the Shanghai and Shenzhen stock exchanges, has lost over five percent in the first seven trading days – the worst outcome since 2016, according to the news agency Bloomberg.

Tough start to the year for Chinese stock exchanges

Unexpectedly strong Swedish growth - "good news"

The Swedish economy grew unexpectedly much in November, up 1. 4 percent compared to the previous month.

Unexpectedly strong Swedish growth - "good news"

Weaker retail trade in the eurozone than expected

Retail trade in the eurozone increased by 0. 1 per cent in November compared to the previous month, according to the statistics agency Eurostat.

Weaker retail trade in the eurozone than expected

Unexpected decline for German factories

The order intake at German factories fell more than expected in November – by 5. 4 percent compared to the previous month.

Unexpected decline for German factories

Now the figure is coming that can determine your mortgage rate

Another batch of inflation figures is on the way, this time for December. How much prices rose in December can determine the interest rate situation going forward.

Now the figure is coming that can determine your mortgage rate

USA ports threatened by new strike

All larger ports from the state of Maine in northeastern USA to Texas in the south are threatened by yet another crippling strike among harbor workers. .

USA ports threatened by new strike

Gas price rises ahead of Ukrainian stop

For the first time in over a year, the European natural gas price has reached 50 euros per MWh. The price surge comes the day before Ukraine's planned stop of Russian export gas through the country.

Gas price rises ahead of Ukrainian stop

Slightly increased pressure in China's industry

The manufacturing industry in China stepped up its activity for the third consecutive month in December – but the increase was less than the market had expected. .

Slightly increased pressure in China's industry

Lower Inflation than Expected in the USA

Inflation in the USA amounted to 2. 4 per cent in November according to the so-called PCE measure, which is the one the USA's central bank Federal Reserve (Fed) prefers to use when deciding on the interest rate.

Lower Inflation than Expected in the USA

Unchanged interest rate in Norway

Norway's central bank has, as expected, left the interest rate unchanged at 4. 5 percent, the bank writes in a press release.

Unchanged interest rate in Norway

British inflation rises

Inflation in the United Kingdom, according to the CPI measure, lands at 2. 6 percent in annual terms in November.

British inflation rises

Consumption falters in China

Growth in China's retail trade slowed down somewhat in November, according to the country's national statistics bureau. Sales increased by 3 percent compared to the same month last year, which is less than expected.

Consumption falters in China

The longest price increase for bitcoin in three years

Seven weeks in a row, the value of bitcoins has risen. It is the longest price increase in over three years for the cryptocurrency, notes the news agency Bloomberg.

The longest price increase for bitcoin in three years

Unexpected setback for British economy

The British economy contracted for the second month in a row in October, according to a preliminary calculation from the statistics agency ONS. The unexpected decline was 0.

Unexpected setback for British economy

ECB cuts interest rate – euro falls

The European Central Bank (ECB) is lowering its interest rates and is also revising its forecasts for growth and inflation downwards. In the interest rate decision, a key phrase about monetary policy being "restrictive" is removed, which causes the euro to fall slightly.

ECB cuts interest rate – euro falls

Double rate cut in Switzerland – the franc falls

The Central Bank of Switzerland surprises the market with a double rate cut of 50 basis points (0. 50 percentage points) to 0.

Double rate cut in Switzerland – the franc falls

After Trump's threats – China takes unique decision

For the first time in over a decade, China is making a drastic shift regarding the country's economy. The goal: to boost the country's consumption.

After Trump's threats – China takes unique decision

Downward trend for retail trade in the eurozone

Retail trade in the eurozone unexpectedly fell sharply in October. German retail trade weighed down with a setback of 1.

Downward trend for retail trade in the eurozone

CEO of Health Insurance Giant Shot Dead

The American health insurance giant United Healthcare's CEO has been shot dead, reports the New York police. .

CEO of Health Insurance Giant Shot Dead