Turkey's Central Bank cut its repo rate to 47.5%. November's CPI fell to 47.09%, with monthly inflation rising 2.24%.
China's industrial profits fell more slowly in November, but the annual decline is expected to be the worst in over 20 years due to weak domestic consumption.
Toyota will build a new electric vehicle factory in Shanghai to produce Lexus cars, marking its first independent plant in China.
Donald Trump proposed reclaiming control of the Panama Canal, citing high shipping fees. Panama's president, José Raúl Mulino, rejected the idea, calling it a violation of sovereignty.
Trump nominated Ken Howery as U.S. ambassador to Denmark and expressed interest in U.S. control of Greenland, despite Denmark's rejection.
The SEC charged Deutsche Bank Securities for not filing some required reports and the company agreed to pay a $4 million fine to settle the issue.
According to a report from Chainalysis, criminals stole $2.2 billion in cryptocurrency in 2024, with hackers linked to North Korea responsible for $1.3 billion of the total.
Volodymyr Zelenskyy announced that Ukraine will stop allowing the transit of Russian gas after this year to prevent it from being sold to Europe as Azerbaijani gas.
The euro-area economy is expected to grow slower than previously forecast, with 1% growth in 2025, while inflation is predicted to stabilize at 2% by mid-2025.
Russian President Putin met Slovak Prime Minister Fico in Moscow to discuss gas transit through Ukraine as the current contract nears expiry.
The IG Metall union and Volkswagen have reached a deal to prevent plant closures, job cuts, and wage reductions, securing the future for workers.
Honda and Nissan are set to announce on Monday that they will explore merging by creating a joint company. They aim to finalize the deal by June 2025.
As Christmas nears, butter prices in the EU rose 19%, with Slovakia up 49% and Germany up 40%, making a 250g block in Germany cost €2.40-€4.
Tesla is recalling 694,304 vehicles in the U.S. due to a tire pressure monitoring system issue.
Novo Nordisk said Friday that its obesity drug, CagriSema, helped patients lose 22.7% of their weight in a trial, less than the expected 25%. This caused its market value to drop by up to $125 billion.
The European Commission will investigate Liberty Media's €3.5 billion MotoGP deal over concerns it could raise broadcasting costs.
FedEx is spinning off its freight trucking division to simplify its structure and unlock hidden value.
Trump said Friday the EU could face tariffs if it doesn't buy more oil and gas from the U.S. to reduce its trade deficit.
The US House of Representatives voted against a Donald Trump-backed funding measure, bringing a government shutdown closer, with 38 Republicans opposing the bill despite Trump's influence.
El Salvador and the IMF agreed on a $1.4 billion loan, with El Salvador improving its fiscal situation and making Bitcoin adoption voluntary.
Boeing resumed production of all aircraft programs affected by a machinists' strike, including the 737 MAX and wide-body jets in Everett, Washington.
Christine Lagarde, ECB President, said the bank will continue rate cuts but warned of growth concerns, and rising energy costs. The ECB will cut rates further if inflation nears 2%.
New Zealand's economy fell into recession, increasing expectations for rate cuts, with markets predicting a 50-basis-point cut in February and rates at 3.0% by the end of 2025.
The Korean pension fund (NPS) will stop investing in companies with over 50% revenue from coal, starting next year for overseas firms and in 2030 for domestic ones.