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☆ The most popular Wikipedia pages of 2024
▼ + stars: | 2024-12-03 | by ( John Towfighi | ) edition.cnn.com time to read: +7 min

From queries about US politics to cricket in India, Wikipedia has become a source of information for millions of people across the globe. US politics and pop culture dominatedWikipedia’s most viewed pages of 2024 were largely related to US popular culture and politics. Project 2025 also got a place in the top 10, coming in ninth with nearly 20 million views. The Wikipedia page about the brothers received over 26 million views in 2024. The top 25 most viewed Wikipedia pages of 2024, ranked by page views:1.

Persons: Anusha Alikhan, Taylor Swift, Kamala Harris, Donald Trump, JD Vance, Carlos Osorio, Elon Musk, Trump, who’s, Joe Biden, Robert F, Kennedy Jr, Tim Walz, Lyle, Erik Menendez, ”, Barbie ”, “ Oppenheimer ”, Griselda Blanco, Swift, Sean “ Diddy ” Combs, Liam Payne, Alikhan, Narendra Modi, Adnan Abidi, Cristiano Ronaldo, “ Deadpool, Kalki, Sean Combs Organizations: CNN, Wikimedia Foundation, Reuters, “ Department, Government, Democratic, Netflix, Wikimedia, Indian Premier League, India, Indian, Bharatiya Janata Party, UEFA, United Locations: India, Grand Rapids , Michigan, Minnesota, Colombian, British, New Delhi, ChatGPT, United States

☆ Microsoft faces £1 billion lawsuit in UK for allegedly overcharging rival cloud firms' customers
▼ + stars: | 2024-12-03 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

In this article MSFT Follow your favorite stocks CREATE FREE ACCOUNTUKRAINE - 2022/01/07: In this photo illustration a Microsoft Azure logo seen displayed on a smartphone. Microsoft offers a cheaper price to firms running Windows Server on Azure than on direct competitors like AWS, Google's cloud or Alibaba Cloud. The lawsuit argues firms running the widely-used server software are essentially being overcharged to use alternative cloud computing solutions. "By doing so, Microsoft is trying to force customers into using its cloud computing service Azure and restricting competition in the sector." From 2017 to 2022, European cloud firms' market share halved from 27% to 13%, lagging international rivals as the entire European cloud market grew fivefold to 10.4 billion euros ($11 billion), according to data from Synergy Research Group.

Persons: Igor Golovniov, Maria Luisa Stasi, Stasi, it's, Solange Viegas Dos Reis, There's, Dos Reis, OVHCloud Organizations: Getty, Microsoft, Amazon Web Services, Google, Windows, CNBC, Stasi, CMA, Markets Authority, European Commission, EU, Synergy Research, U.S Locations: UKRAINE

☆ French lawmakers to hold no-confidence vote against embattled Barnier government on Wednesday
▼ + stars: | 2024-12-03 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. It comes after French Prime Minister Barnier on Monday opted to push through a highly-contested budget bill without parliamentary approval by deploying special constitutional powers. French lawmakers will debate and vote on the no-confidence motions filed against the fragile government of Michel Barnier on Wednesday. "Barnier is at the mercy of Marine Le Pen's right-wing Rassemblement National [National Rally]. New parliamentary elections cannot be held until next June, 12 months after the last snap vote that was called by French President Emmanuel Macron this year.

Persons: Michel Barnier, Barnier, Le, Holger Schmieding, Emmanuel Macron, Macron, — Organizations: French, French National Assembly, EU, National Assembly, Rassemblement, U.S . Locations: Paris, Germany, Greece

☆ Dollar faces crunch week for U.S. rates, yen holds gains
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: +3 min

The risk of an early hike was enough to keep the dollar pinned at 149.60 yen , having shed 3.3% last week in its worst run since July. The euro held at $1.0555, after bouncing 1.5% last week and away from a one-year trough of $1.0425. That left the dollar index flat at 105.790, having closed out November with a gain of 1.8% even after last week's setback. "But the bar for a further shift in expected interest rates in favor of the U.S. in the near term is quite high," he added. Political uncertainty is another drag for the single currency as investors wait to see if France's government can survive the week intact.

Persons: Kazuo Ueda, Christian Keller, Jonas Goltermann, Jerome Powell, Michel Barnier Organizations: Bank of Japan, Barclays, Capital Economics, Federal Reserve, European Central Bank, National Locations: Tokyo, U.S, Greece

☆ Negotiate on the budget or we'll bring you down, France's far right tells government
▼ + stars: | 2024-12-02 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

President of Rassemblement National parliamentary group Marine Le Pen (L) speaks to French far-right Rassemblement National (National Rally) RN party's President and lead MEP Jordan Bardella during the French far-right Rassemblement National (National Rally) RN party's parliamentary seminar at the French National Assembly in Paris on September 14, 2024. Erlend Robaye | Erroba | Getty ImagesIf France's political turmoil comes to a head and Barnier's government is toppled, it's uncertain what could happen next. French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. "If the new and still very much minority government reaches agreement with National Rally and passes the 2025 budget, then it will produce some relief in markets ... "With the end of ultra-low interest rates, France's debt servicing costs are projected by the ECB to rise above 4% by 2034, which would cause a major and persistent debt crisis.

Persons: Jordan Bardella, Ludovic Marin, Michel Barnier, Barnier, Le Pen, Bardella, Erlend, Emmanuel Macron, Alain Jocard, Holger Schmieding, Le, Mike Gallagher, Storm Caetano Organizations: Rassemblement National, National, French National Assembly, Afp, Getty, Marine, Front, National Assembly, Agence France, Presse, RTL, Reuters, Erroba, EU, French, Berenberg Bank, Continuum Economics, ECB, Chatelet Locations: Paris, France's, France, Chatelet Les Halles

☆ CNBC Daily Open: November was a month to remember for stocks
▼ + stars: | 2024-12-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks' November reignMajor U.S. indexes climbed on Friday, a shortened day of trading, ending the week and the month higher. Second-best month for BitcoinBitcoin celebrated its second-best month of the year so far, jumping 38% for November. [PRO] Eyes on November's jobs reportThis week's major piece of data is November's jobs report, out Friday.

Persons: Stocks, Bitcoin Bitcoin, Donald Trump, Musk, Elon Musk, OpenAI, It'll Organizations: New York Stock Exchange, CNBC, Dow Jones, Reserve Bank of India, OpenAI, Elon, U.S . Federal Locations: New York City, U.S .

The DreamCloud Premier Hybrid, which previously held the crown in our best mattress guide, truly excels in all the crucial areas. Read our full DreamCloud Premier Mattress review for more details. View at DreamCloud What we like Check mark icon A check mark. View at DreamCloudCyber Monday DreamCloud FAQsWhich DreamCloud mattress should I choose? Read our full DreamCloud Premier Mattress review.

Persons: DreamCloud Organizations: Business

☆ Georgia is being rocked by days of violent protests. Here’s what you need to know
▼ + stars: | 2024-12-02 | by ( Lex Harvey | ) edition.cnn.com time to read: +8 min

CNN —Days of protests have rocked Georgia following the government’s controversial decision to delay the former Soviet country’s bid to join the European Union. Tensions intensified in late October when Georgian Dream claimed victory in a contested election that was widely seen as a referendum on joining the EU. Opposition TV channel Formula showed people in the central town of Khashuri throwing eggs at the local Georgian Dream office and tearing down the party’s flag. Georgian Dream, founded by a billionaire who made his fortune in Russia, has taken a sharp authoritarian turn in recent years. Experts have warned the suspension of EU talks is another sign the country is going down an undemocratic path under Georgian Dream.

Persons: Irakli Kobakhidze, ”, “, Giorgi Arjevanidze, “ I’ve, –, ” Tsotne, Salome Zourabichvili, Ketevan, Georgians ”, Matthew Miller, Kaja Kallas, Kobakhidze, Vladimir Putin, Dmitry Medvedev Organizations: CNN, European Union, Georgian, EU, ”, Getty, Georgians, Police, Reuters, Opposition, Interpress, Western, National Democratic Institute ., Democratic, Center for, US State Department, Georgia, Security, of Russia Locations: Georgia, Soviet, South Caucasus, Georgian, Russia, Europe, Soviet Union, ” Georgia, Tbilisi, AFP, Black, Poti, Tbilisi , Georgia, Ukraine, Russian, US, United States

☆ Here’s why Americans traveling to Europe may find bargains in 2025
▼ + stars: | 2024-11-30 | by ( Greg Iacurci | ) www.nbcnews.com time to read: +5 min

Americans traveling to Europe next year may be in store for some bargains. “That’s a good thing for American tourists traveling abroad in Europe,” said Brendan McKenna, an international economist at Wells Fargo Economics. Now, euro parity is “back on the cards,” James Reilly, senior markets economist at Capital Economics, wrote in a research note Nov. 11. For one, the U.S. economy has “held up a lot better than anyone has been expecting” over the past year or two, in stark contrast with Europe, Reilly said. Of course, there’s a risk Europe retaliates with its own tariffs or somehow penalizes Americans by raising certain consumer prices, such as airfares, Reilly said.

Persons: “, ”, Brendan McKenna, Donald, ” James Reilly, Reilly, it’s, Trump, ” Reilly, McKenna, Wells Organizations: U.S ., U.S, Wells, Wells Fargo Economics, European Union, Capital Economics, ICE, CNBC, Travelers, U.S . Federal, European Central Bank, ECB, Treasury Locations: Europe, Wells Fargo, Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain, China, Canada, Mexico, U.S, Trump

One is the DreamCloud Premier Hybrid mattress, which is 57% off as part of the DreamCloud Black Friday deals that end tonight. Read our full DreamCloud Premier Mattress review. View at DreamCloud What we like Check mark icon A check mark. View at DreamCloudBlack Friday DreamCloud FAQsWhich DreamCloud mattress should I choose? Read our full DreamCloud Premier Mattress review.

Persons: DreamCloud Organizations: Business

☆ Here's why Americans traveling to Europe may find bargains in 2025
▼ + stars: | 2024-11-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

The currency most recently hit parity with the dollar in 2022, for the first time in two decades, before rebounding. watch nowNow, euro parity is "back on the cards," James Reilly, senior markets economist at Capital Economics, wrote in a research note Nov. 11. Tariffs, interest rates and a strong economyTariffs and trade policy are major factors influencing euro-USD currency dynamics, economists said. James Reilly senior markets economist at Capital EconomicsTariffs on Europe could reduce demand for its exports, causing Europe's economy to weaken and the euro to lose value, economists said. Interest-rate differentials also have a large influence on relative currency movements, economists said.

Persons: Oscar Wong, James Reilly, Reilly, it's, Trump, McKenna, Wells Organizations: U.S ., European Union, Capital Economics, ICE, CNBC, Travelers, U.S, U.S . Federal, European Central Bank, ECB, Treasury Locations: Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain, China, Canada, Mexico, Europe, Wells Fargo, U.S, Trump

☆ How to 'tariff-hedge' your European portfolio, according to TS Lombard
▼ + stars: | 2024-11-29 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

As Europe faces the prospect of tariffs on its exports to the United States, TS Lombard has advised investors in the region on how to "tariff-hedge" their portfolios. This week he announced that Mexico, Canada and China would be the first countries in the firing line. In a note this week, Davide Oneglia, director of European and global macro at TS Lombard, advised European investors to address their "tariff risk" by looking at their exposure "in the way Donald Trump ... does, i.e. Selective approach Secondly, the economist noted that while it makes sense in the near term to stay underweight European stocks in aggregate relative to U.S. stocks, investors appear "too dismissive" of opportunities in EU markets. It's also likely that Trump will be open to negotiating with EU countries – and, potentially, with EU businesses, T.S.

Persons: Lombard, Donald Trump, Trump, Davide Oneglia, Oneglia, Lombard's Oneglia, It's Organizations: European Union, U.S, Lombard, Airbus, EU, Nasdaq, Trump Locations: Europe, United States, Mexico, Canada, China, Spain, Greece, Portugal, Italy, Germany, France, Ireland, Austria, Sweden, Denmark, Finland, U.S, T.S

☆ Euro zone inflation climbs to 2.3% in November, meeting expectations
▼ + stars: | 2024-11-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Sebastian Kahnert | Picture Alliance | Getty ImagesAnnual euro zone inflation rose to 2.3% in November, statistics agency Eurostat said Friday, climbing back above the European Central Bank's 2% target. Economists polled by Reuters had expected the 2.3% annual rate for the month, up from 2% in October. Core inflation, excluding volatile energy, food, alcohol and tobacco prices, held at 2.7% for a third straight month in November. Inflation came in slightly higher than forecast in October, while ECB policymakers, including executive board member Isabel Schnabel, have stressed the need for caution in monetary easing. The ECB's decision will largely be informed by the latest staff macroeconomic projections it will receive just ahead of its upcoming Dec. 12 meeting.

Persons: Sebastian Kahnert, Price, Isabel Schnabel, Donald Trump Organizations: Getty, Eurostat, Central, Reuters, ECB Locations: Dresden, Union

☆ Barclays prefers Germany over France as it sends 'bond vigilante' warning
▼ + stars: | 2024-11-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

Germany is battling an ongoing manufacturing downturn that has turned it into the bloc's growth laggard, while disputes over its budget and long-term fiscal strategy caused its government to collapse earlier this month. However, French borrowing costs have climbed above Germany's this year as political instability in the country spooked markets. "Compromise on the French budget remains possible. The term "bond vigilantes" refers to bond market investors who protest against monetary or fiscal policy they don't like by selling bonds, thereby increasing borrowing costs for the government. Beyond the short-term budget debate, Barclays found medium-term risk asymmetry was "not great" for French markets, and that "concerns about political instability and long-term fiscal trajectory may persist."

Persons: Michel Barnier's, DAX, France's, Barnier, —, specter Organizations: Barclays, French, CAC Locations: France, Germany, —, Greece

European stocks closed higher Friday afternoon, following a mixed morning session as investors assessed the latest euro zone inflation data. The Stoxx 600 index closed up 0.58%, with almost all sectors and major bourses in the green. Mining stocks also gained momentum, adding 1.47%, with Anglo American leading the pack, up 5.4%, while Antofagasta and Glencore both added more than 1%. Euro zone inflation rose from 2% in October to 2.3% in November, flash data from statistics agency Eurostat showed on Friday, above the European Central Bank's 2% target. It bolsters the case for a more cautious interest rate cut at the European Central Bank's next meeting on Dec. 12.

Organizations: Tech, Central, Reuters, Central Bank's Locations: American, Antofagasta, Glencore

☆ Sinn Fein tops Irish exit poll, but coalition parties look set for re-election
▼ + stars: | 2024-11-29 | by ( ) www.cnbc.com time to read: +2 min

File photo of Fine Gael leader Simon Harris speaking at a convention in Athlone, central Ireland on March 24, 2024, after becoming de facto prime minister-in-waiting. The exit poll put the left wing Sinn Fein on 21.1%, the center-right Fine Gael of Prime Minister Simon Harris on 21.0% and like-minded coalition partner Fianna Fail on 19.5%. Fine Gael and Fianna Fail pledged ahead of the election to seek to form a coalition without Sinn Fein, just as they did after the 2020 general election when Sinn Fein also narrowly won the popular vote. They benefited from a slide in support for Sinn Fein, from 30-35% in polls in 2022 and 2023, in part due to anger among its working class base at relatively liberal immigration policies. Fine Gael and Fianna Fail will likely need the support of at least one other smaller party to reach a majority.

Persons: Simon Harris, Harris, Leo Varadkar, Sinn Fein, largesse Organizations: Fine Gael, Gael, Fianna, Government, Greens Locations: Athlone, Ireland, Ireland's, Europe

☆ Major currencies consolidate as market regroups ahead of US inflation measure
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +3 min

The New Zealand dollar rose after the Reserve Bank of New Zealand cut benchmark rates by 50 basis points to 4.25% while noting that inflation had declined to near the mid-point of its targeted range. "This uncertainty can lead markets to 'sell first and ask questions later' which is a positive for the USD." The Australian dollar was mostly flat at $0.64755 after domestic consumer price inflation stayed at a three-year low in October. In cryptocurrencies, bitcoin was trading at $91,795, keeping well below the record high of $99,830 it touched last week. It has climbed more than 40% since the U.S. election on expectations Trump will loosen the regulatory environment for cryptocurrencies.

Persons: Donald Trump's, Trump's, Trump, Carol Kong, Joe Biden, Scott Bessent, bitcoin, Bitcoin Organizations: U.S, New Zealand, Reserve Bank of New, jittery, Commonwealth Bank of Australia, Canadian, Treasury, Trump Locations: Reserve Bank of New Zealand, Canada, Mexico, China, United States, U.S, Israel, Iran, France, Israeli, Trump's

☆ Banco BPM says UniCredit's 'unusual' $10.5 billion takeover offer does not reflect its profitability
▼ + stars: | 2024-11-26 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: 1 min

Italian lender Banco BPM on Tuesday said the unexpected takeover offer by domestic rival UniCredit does not reflect its profitability and could reduce its legal autonomy. The 10 billion-euro ($10.52 billion) bid presented by UniCredit on Monday was not previously agreed and was delivered on "unusual" terms, the Banco BPM board of directors said in a CNBC-translated statement. It also failed to reflect Banco BPM's profitability and potential for further value creation, the board added. CNBC has reached out to UniCredit for comment. This breaking news story is being updated.

Persons: UniCredit Organizations: Banco, CNBC

☆ Europe markets head for lower open as global rally stutters; investors digest Trump tariff implications
▼ + stars: | 2024-11-26 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

European stocks are heading for a lower open Tuesday as investors assess the global implications of U.S. President-elect Donald Trump 's plans to hike tariffs on China, Mexico and Canada. That in turn could boost the U.S. dollar against currencies such as the euro and sterling. "Immediate market reaction looks negative," analysts at Maybank said in a note Tuesday. "However, these tariffs do differ quite a bit from what Trump had mentioned during his campaign of 60% for China and a 10% broad tariff for the rest of the world. Whilst the market maybe cautious of the risk that Trump maybe incrementally introducing the tariffs, we do note the possibility that the final imposition may not be quite the same as what was proposed by him."

Persons: Donald Trump, Trump, Maybank Organizations: Dow Jones, Federal Reserve, U.S, Trump Locations: China, Mexico, Canada

☆ Trump’s tariff threats signal the start of a wild ride in currency markets
▼ + stars: | 2024-11-26 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

President-elect Donald Trump's vow to implement additional tariffs on China, Canada and Mexico on day one of his presidency signals the start of a wild ride in currency markets, strategists say, warning it would be risky for investors to underestimate the impact on foreign exchange rates. The announcements prompted a knee-jerk reaction in currency markets, with the U.S. dollar rising more than 2% against the Mexican peso and notching a four-year high against the Canadian dollar . "I think the first reaction here is that investors should get ready for a wild ride in FX volatility," said Kamakshya Trivedi, head of global foreign exchange, interest rates and emerging markets strategy research at Goldman Sachs . The index closed 0.6% lower in the previous session as investors welcomed hedge fund manager Scott Bessent as Trump's pick for U.S. Treasury chief. "This is going to be something that we are all going to have to get used to.

Persons: Donald Trump's, Trump, Kamakshya Trivedi, Goldman Sachs, Scott Bessent, Trivedi, CNBC's Organizations: U.S, Canadian, Goldman, The U.S, Treasury Locations: China, Canada, Mexico

☆ What Trump's pick for Treasury secretary could mean for global markets
▼ + stars: | 2024-11-25 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Scott Bessent speaks at the National Conservative Conference in Washington D.C., Wednesday, July 10, 2024. Dominic Gwinn | Afp | Getty ImagesFinancial markets on Monday welcomed President-elect Donald Trump's pick for U.S. Treasury secretary, with currencies across the globe rallying on hopes that hedge fund manager Scott Bessent can take some of the sting out of Trump's more extreme economic views. "Trump's pick for Treasury Secretary has swelled investor sentiment further with stocks on Wall Street looking set for another flurry of gains," Susannah Streeter, head of money and markets at Hargreaves Lansdown, said in a research note. While many economists are skeptical about the effectiveness of tariffs, Bessent has defended them as "a useful tool for achieving the president's foreign policy objectives." Some strategists expect Trump's Treasury chief pick to be welcomed as good news for Asian currencies over the coming months.

Persons: Scott Bessent, Dominic Gwinn, Donald Trump's, paring, Trump, Bessent, Susannah Streeter, Hargreaves Lansdown, Scott Bessent's, George Soros, Trump's, Scott Spratt, Donald Trump, Brandon Bell Organizations: National Conservative Conference, Washington D.C, Afp, Getty Images, U.S, Treasury, Treasury Department, Connecticut, Key Square, Trump, Hargreaves, China News Service, US, Rabobank, Trump's Treasury, Societe Generale Corporate, Investment Banking, Asia FX, SpaceX, Via Reuters Locations: Washington, London, Xinfeng County, Ganzhou City, Jiangxi Province, China, U.S, Mexico, Treasuries, Brownsville , Texas

☆ CNBC Daily Open: Small- and mid-caps stole the limelight last week
▼ + stars: | 2024-11-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet shares dropping. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention. The Dow Jones Industrial Average was 2% higher for the week and the S&P 500 and Nasdaq Composite both climbed around 1.7%.

Persons: GOOG, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, NYSE, CNBC, U.S, Trump, Treasury, Fed, Anthropic Amazon, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: New York City, Anthropic, Azerbaijan

☆ Dollar slips with bond yields on Treasury nomination
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: +1 min

The dollar relinquished a little of its recent gains on Monday as the pick for U.S. Treasury secretary seemed to reassure the bond market and pulled yields lower, shaving some of the currency's rate advantage. Yields on 10-year Treasuries slipped to 4.351%, from 4.412% late Friday, as President-elect Donald Trump's choice of fund manager Scott Bessent was welcomed by the bond market as an old Wall Street hand and a fiscal conservative. However, Bessent has also been openly in favour of a strong dollar and has supported tariffs, suggesting any pullback in the currency might be fleeting. The index was last down 0.5% at 106.950, having hit a two-year peak of 108.090 on Friday. The dollar dipped 0.4% on the Japanese yen to 154.11, and further away from its recent peak of 156.76.

Persons: Treasuries, Donald Trump's, Scott Bessent, Bessent, Ray Attrill Organizations: U.S, Treasury, NAB

☆ Spain slaps $187 million fine on Ryanair, EasyJet and others for 'abusive' cabin luggage fees
▼ + stars: | 2024-11-22 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Spain's Ministry of Consumer Rights on Friday slapped a $179 million euro ($186 million) fine on five low-budget airlines for "abusive practices" including charging additional cabin luggage fees. Spanish low-cost airline Vueling was ordered to pay 39.2 million euros and EasyJet was fined 29 million euros. Scandinavia's second-largest airline Norwegian and Spanish airline Volotea each received penalties in excess of 1 million euros. The five airlines should discontinue their practice of requiring additional payment for cabin luggage and reserving a seat near a dependent traveler, the ministry said. "We completely disagree with the decision of the Spanish Consumer Ministry and find the proposed sanctions outrageous," an EasyJet statement said, stressing it considers its cabin luggage policy to be aligned with all applicable laws.

Persons: Vueling, EasyJet, Javier Gandara, Michael O'Leary Organizations: Ministry of Consumer Rights, Ryanair, Spanish, Spain's Association of Airlines, CNBC, Ministry of Consumer, ALA, Spain's Consumer Affairs Ministry, Governments, Spanish Consumer Ministry, Boeing, International Air Transport Association Locations: Spain, Europe

☆ Dollar hugs 13-month peak as market awaits next Fed cue
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: +4 min

Global PMIs are due later in the day, although those figures should not "change the dial too much," said Tony Sycamore, market analyst at IG. Recent comments from Fed officials, including Chair Jerome Powell, have indicated the central bank may take a slower course in its rate cut path. Among Trump policies on weighing on investors' minds were the president-elect's campaign pledges of tariffs, with Europe and China both likely in the firing line. The euro , which makes up a hefty portion of the dollar index, steadied at $1.0475 after falling to a 13-month low of $1.0461 on Thursday. The dollar was last down 0.17% on the day at 154.27 yen.

Persons: Tony Sycamore, It's, it's, Sycamore, Donald Trump's, Jerome Powell, CME's, Trump, Sterling, Bitcoin, Marcel Thieliant, Kazuo Ueda Organizations: The U.S, greenback, Bank of Japan's, Global, IG, U.S, PCE, Trump, Capital Economics Locations: Rio de Janeiro, Brazil, The, Europe, China, Russia, Ukraine, Germany, Asia

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