Economy

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Fate of Canada government hinges on tight budget vote
Fate of Canada government hinges on tight budget vote
by  AFP

Canadian Prime Minister Mark Carney's Liberal government faced potential collapse on Monday, with parliament set to vote on a budget he insists is essential to kickstart the country's tariff-battered economy. But hours ahead of the decisive vote in parliament, Liberals voiced optimism that parliament would approve Carney's spending package and avert a snap election.

Emirates orders 65 more Boeing 777X planes despite delays
Emirates orders 65 more Boeing 777X planes despite delays
by  AFP

Emirates, the Middle East's biggest airline, topped up its order of Boeing 777X planes on Monday despite years of delays, delivering a vote of confidence to the US manufacturer at the Dubai Airshow. Emirates, already the biggest customer for the Boeing 777, now has 270 777X, 10 777 freighters and 35 Boeing 787s on order.

Trade tensions force EU to cut 2026 eurozone growth forecast
Trade tensions force EU to cut 2026 eurozone growth forecast
by  AFP

The eurozone economy will grow less than expected next year, the EU executive predicted on Monday, as risks from international trade and geopolitical tensions weigh on the single currency area. The International Monetary Fund (IMF) in October predicted the US economy would grow by 2.1 percent next year.

EU predicts less eurozone 2026 growth due to trade tensions
EU predicts less eurozone 2026 growth due to trade tensions
by  AFP

The EU on Monday cut its eurozone growth forecast for 2026 as risks from international trade and geopolitical tensions weigh on Europe's economy. "Persistent trade policy uncertainty continues to weigh on economic activity, with tariffs and non-tariff restrictions potentially constraining EU growth more than expected," the commission said in a statement.

Swiss growth suffered from US tariffs in Q3: data
Swiss growth suffered from US tariffs in Q3: data
by  AFP

Switzerland's economy contracted in the third quarter of the year, suffering from high US tariffs which abruptly curtailed exports across the Atlantic, the economy ministry said on Monday. Employer federation Swissmem last week reported an overall 14.2-percent drop of Swiss exports to the US in the third quarter compared to the period a year earlier.

Asian markets struggle as fears build over tech rally, US rates
Asian markets struggle as fears build over tech rally, US rates
by  AFP

Asian markets struggled Monday on simmering concerns that the Federal Reserve will not cut interest rates as hoped next month, while fears of a bubble continue to weigh on sentiment. That has been compounded by a weakening US jobs market that has fanned expectations the Fed will cut rates.

Japan-China spat sinks tourism stocks
Japan-China spat sinks tourism stocks
by  AFP

Japanese tourism and retail shares fell sharply on Monday after China warned its citizens to avoid travelling to the East Asian country in a spat over comments by Prime Minister Sanae Takaichi about Taiwan. China and Japan last week summoned each other's ambassadors, with Beijing then advising its citizens to avoid travelling to Japan.

Zelensky in Paris to seek air defence help for Ukraine
Zelensky in Paris to seek air defence help for Ukraine
by  AFP

Ukraine's President Volodymyr Zelensky visits Paris on Monday in a new bid to secure weaponry to defend his country against increasingly lethal Russian missile and drone attacks. Ukraine has said it plans to use more than 4.5 million drones this year, for frontline attacks and to fight off Russian drones.