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.
On December 18th, the Federal Reserve decided to lower the federal funds rate by 0.25%, as the market had expected. The new rate is 4.50%.
On December 19th, the Bank of England decided to keep the rate at 4.75%, as expected by the market.
A rise in gold imports, which widened India's trade deficit and weakened the rupee, was caused by officials mistakenly double-counting gold shipments.
The Iranian rial hit a record low, losing over 10% of its value since Donald Trump's election, despite the Central Bank injecting $220 million to stabilize the exchange rate.
Amazon workers may strike before Christmas after the Teamsters voted over union issues.
UniCredit has raised its stake in Commerzbank to 28% and is seeking approval to increase it to 29.9%.
The Canadian dollar fell to its lowest point since March 2020 as the government struggles with a crisis after the finance minister's resignation.
Morgan Stanley has partnered with Wise to settle foreign-exchange payments for corporate clients buying goods from international vendors.