Germany plans to spend some $55.5 billion next year to cap domestic energy prices for companies and households. Experts say the nation’s economic picture is getting brighter due to improvements in gas supply.
Millions of lives could be at risk in Ukraine as some 10 million people, or 25% of its population, are without power.
Bulgaria’s only oil refinery may have to shut down if the government does not allow the Russian-owned business to continue exporting due to Western sanctions, executives said.
Mazda unveiled a $10.6 billion spending plan to electrify its vehicles and potentially invest in battery production.
Australia’s Syrah Resources, the largest supplier outside China of graphite, a critical material in electric-vehicle batteries, warns supply could be tight in the coming years due to pricing opacity in the China-dominated market.
New York private equity firm Stonepeak Partners is looking to raise $20 billion to invest in North American infrastructure amid strong demand from investors.
Trade and investment between the U.S. and Europe are booming as Russia’s war in Ukraine and fraying ties between the West and China draw the Atlantic allies closer.
Mexico’s headline inflation probably dropped slightly from October to November despite remaining well above official targets, according to a Reuters poll of economists. New data shows the nation’s retail sales rose 3.3% in September, the second month of slowing growth:
Collective global debt fell by $6.4 trillion to $290 trillion in the third quarter, a positive, although economists warn of drastic consequences from rising debt-service costs. Debt-to-GDP ratios in emerging markets are already at record highs.
Dubai’s main airport saw passenger traffic nearly triple in the third quarter from a year ago.
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