After cutting rates for two consecutive times, Federal Reserve officials eased rates again this month. However, the Fed is forecast to reduce the number of rate cuts next year.

Fed to cut rates once more before slowing the pace in 2025

The predicted increase in demand for Broadcom's artificial intelligence processors led to a first-ever leap to a one trillion-dollar market capitalisation for the tech firm.

Broadcom sees massive opportunity over the next three years

Deflation in China is becoming increasingly difficult to reverse. If the world's second-biggest economy's prices continue to decrease for a seventh straight quarter, they will tie the record deflationary stretch set during the late 1990s Asian financial crisis.

China struggles with deflation and looming trade battle

Russia faces a triple threat, rising inflation, soaring defence spending, and tightening household budgets. With inflation expected to reach 9 per cent this year and interest rates climbing to 21 per cent, many Russians are struggling to afford daily necessities.

Russia faces inflation, rising defence spending, and tight budgets

International trade settlements are becoming more and more delayed, leading to an accumulation of proceeds from Russian exports abroad. This is driven by US pressure on financial institutions in nations that are still favourable to the Kremlin.

Russia faces delays in trade settlements caused by US pressure

China indicated a change in policy focus towards consumption for 2025 - increasing state borrowing and spending. The country stepped up its stimulus efforts to recharge the economy next year in anticipation of impending US tariffs.

China steps up stimulus to recharge growth ahead of US tariffs

Nvidia has hired hundreds of Chinese nationals this year to strengthen its research capacities and concentrate on new autonomous driving technology. A Bloomberg report quoting sources showed from an initial staff of around 3,000 in early 2024, the world's second most valuable firm is expected to grow to over 4,000 by the end of the year.

Nvidia expands workforce in China amid growth plans

Asian stocks fell on Friday as traders were disappointed by the absence of specifics from a Chinese economic conference. Additionally, risk appetite was lower ahead of next week's federal reserve policy meeting.

Asian markets slide on China's economic outlook

To further isolate the Russian military and economic infrastructure in the weeks leading up to Donald Trump's inauguration, the Biden administration is considering additional, more severe penalties on Russia's profitable oil trade.

US weighing new, harsher sanctions on Russia's lucrative oil trade

In anticipation of a potential trade war between the US and China, President Xi Jinping has shown a new arsenal of measures in response to any trade threat. China showcased a new range of measures it is ready to employ if Trump follows through on his promise to impose tariffs on the world's second-largest economy.

China gets a head start on a looming trade war with the US

The war-torn nation of Myanmar is already struggling under the weight of high inflation, a falling currency, and power and labour shortages. The World Bank predicts that the country's gross domestic product will contract this fiscal year.

World Bank predicts Myanmar's economy to contract this year

Protests over the election results in Mozambique caused South Africa to temporarily halt operations at its border crossing with the Southeast African country. Mozambique is an important hub for exporting coal and chrome.

Key South African trade route to Mozambique shut as protests flare

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Zee News Rajasthan

Editor

Hanshika Ujlayan

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