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☆ Germany's Scholz discusses Ukraine with Russia's Putin in first such call in 2 years
▼ + stars: | 2024-11-15 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

BERLIN — German Chancellor Olaf Scholz spoke Friday with Russian President Vladimir Putin, the Kremlin leader’s first publicly announced conversation with the sitting head of a major Western power in nearly two years. Scholz urged Putin to be open to negotiations with Ukraine, his office said. Government spokesman Steffen Hebestreit said Scholz urged Putin in the hour-long call to withdraw his troops and end the full-scale invasion launched in February 2022. The new communication between Scholz and Putin — their first since December 2022 — comes at a time of widespread speculation about what the new administration of President-elect Donald Trump will mean for Ukraine. The U.S., South Korea and Ukraine say North Korea has sent thousands of troops to Russia to support its war against Ukraine.

Persons: Olaf Scholz, Vladimir Putin, Scholz, Putin, Steffen Hebestreit, Alexei Navalny’s, Yulia, “, ” Hebestreit, —, Donald Trump, Trump, Volodymyr Zelenskyy, ” Zelenskyy, ” Scholz, ” Putin, Dmitry Peskov Organizations: Kremlin leader’s, Kyiv, NATO, Ukraine, Kremlin, Russian Federation Locations: BERLIN, Ukraine, Russian, Berlin, Russia, Washington, Moscow, U.S, South Korea, North Korea, Germany, ”, East

☆ Germany’s Scholz calls Putin, ending Western isolation over Ukraine
▼ + stars: | 2024-11-15 | by ( ) edition.cnn.com time to read: +4 min

The conversation on Friday was the first time Scholz had spoken with Putin in two years. It comes as the German leader gears up for a snap election and Europe waits to hear US President-elect Donald Trump’s plan for ending the war in Ukraine. “He stressed Germany’s unbroken determination to back Ukraine in its defense against Russian aggression for as long as necessary,” the spokesperson added. Ukraine said however that phone conversations with Putin brought no added value on the path to achieving a “just peace” in Ukraine. But of course, (it is a) question about how Russia spins it.”Scholz to brief alliesThe Kremlin said Putin had told Scholz Russia was willing to look at energy deals if Germany was interested.

Persons: Volodymyr Zelensky, Vladimir Putin, Putin, ” Zelensky, Chancellor Olaf Scholz’s, Scholz, Donald Trump’s, Zelensky, “, ”, Trump, ” Scholz, Scholz Russia Organizations: Berlin Reuters, Kremlin, Reuters, Scholz’s Social, Ukraine, Kyiv, European Union, NATO, Ukrainian Locations: Ukraine, Kyiv, Russia, Berlin, Germany, Baltic, North Korea, Russia’s, Kursk, United States

☆ Germany's Scholz urges Putin in phone call to open talks with Ukraine
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: +2 min

German Chancellor Olaf Scholz (SPD, r) and Russian President Vladimir Putin look up after several hours of one-on-one talks at a joint press conference. Scholz met the Russian president for talks on the situation on the Ukrainian-Russian border. German Chancellor Olaf Scholz urged Russian President Vladimir Putin in a rare phone call on Friday to begin talks with Ukraine that would open the way for a "just and lasting peace." In a one-hour phone conversation, their first in almost two years, Scholz also demanded the withdrawal of Russian troops from Ukraine and reaffirmed Germany's continued support for Ukraine, a German government spokesman said. "He stressed Germany's unbroken determination to back Ukraine in its defence against Russian aggression for as long as necessary," the spokesperson added.

Persons: Olaf Scholz, Vladimir Putin, Scholz, Germany's, Volodymyr Zelenskiy, Putin, Donald Trump's, Trump Organizations: Ukraine, U.S, Social Democrats Locations: Russian, Ukraine, Russia, Germany, United States

Shares of vaccine makers fell on Thursday as President-elect Donald Trump nominated Robert F. Kennedy Jr., a prominent vaccine skeptic, to lead the Department of Health and Human Services. Moderna’s stock closed more than 5% lower on Thursday, shares of Novavax fell more than 7% and Pfizer’s stock ended more than 2% lower. Shares of BioNTech, the German drugmaker that helped develop a Covid vaccine with Pfizer, closed more than 6% lower. Shares of those companies dipped further in extended trading as Trump confirmed his pick in a post on his platform Truth Social. Kennedy’s track record as a vaccine skeptic is extensive.

Persons: Donald Trump, Robert F, Kennedy Jr, Trump, Kennedy Organizations: Department of Health, Human Services, Pfizer, GSK, Health, Trump, Moderna, Health Defense Locations: Novavax, British, U.S

☆ Olympic gold medalist Lindsey Vonn to come out of retirement ahead of 2026 Games
▼ + stars: | 2024-11-14 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

Former Olympic gold medalist and world champion Lindsey Vonn is returning to skiing, she announced Thursday. In that same month, ahead of the competition, Vonn announced her retirement, citing injuries. After many sleepless nights, I have finally accepted that I cannot continue ski racing,” Vonn wrote in an announcement on Feb. 1, 2019. Vonn has also won three Olympic medals, the most recent of which came in 2018, the last Olympics she participated in. At the time of her retirement, Vonn was the winningest woman in skiing, with 82 World Cup victories.

Persons: Lindsey Vonn, “ I’m, ”, Vonn, ” Vonn, Christophe Pallot, Injuries, “, Lindsey, Sepp Brunner, ” Felix Neureuther, Blick Organizations: Olympic, New York Times, Times, Swiss Locations: Sweden, Austria, Austrian, German

☆ Vaccine maker stocks tumble after Trump picks RFK Jr. for health secretary
▼ + stars: | 2024-11-14 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Shares of prominent vaccine makers plunged Thursday after President-elect Donald Trump announced his pick of Robert F. Kennedy Jr. to be the next secretary of the Department of Health and Human Services. An hour before the market closed Thursday, as news reports of Trump’s choice began trickling out, Covid-19 vaccine maker Moderna dipped as much as 6%, and Pfizer fell almost 2%. Novavax, which created a protein-based Covid-19 vaccine, fell almost 6%. Last week, Kennedy said he would “immediately” begin studying vaccine safety and efficacy but promised to not “take vaccines away from anybody.”Other vaccine-related companies also felt the fallout. Over the past year, Pfizer stock has dipped 11%, and Moderna stock has plunged 46%.

Persons: Donald Trump, Robert F, Kennedy Jr, Kennedy, “, Trump, ” Trump, CNN’s Kaitlan Collins, Kristen Holmes, Aaron Pellish Organizations: New, New York CNN, Department of Health, Human Services, Moderna, Pfizer, BioNTech, British GSK, Health, HHS Locations: New York, British

☆ Tech giants are investing in 'sovereign AI' to help Europe cut its dependence on the U.S.
▼ + stars: | 2024-11-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Sovereign AI is "more driven by the industry naming it that, than it is from the policymakers' side," Gow said. On Wednesday, Denmark laid out a landmark white paper outlining how companies can use AI in compliance with the incoming EU AI Act — the world's first major AI law. How regulation fueled a mindset shiftThat's not to say regulations haven't proven an important factor in getting tech giants to think more about building localized AI infrastructure within Europe. The concept of AI sovereignty is also getting buy-in from local European tech firms. Orange hasn't yet selected a partner for these sovereign AI model ambitions.

Persons: Dado Ruvic, Chris Gow, Anthropic's Claude, Filippo Sanesi, Sanesi, hasn't, —, Cisco's Gow, Rather, " Gow, Gow, It's, David Hogan, Hogan, OVHCloud's Sanesi, Qwant, Bruno Zerbib, Zerbib Organizations: Reuters, Portugal — Tech, CNBC, Data, of Justice, EU, General Data Protection, U.S, Sovereign, Nvidia, Orange Locations: Reuters LISBON, Portugal, Brussels, U.S, Europe, OVHCloud, Italy, Italia, Denmark, Berlin, Paris, French

☆ What is the Alien Enemies Act of 1798 that Trump says he will invoke
▼ + stars: | 2024-11-14 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +13 min

“I think a very strong argument could be made that in those situations, the Alien Enemies Act can be employed,” he says. French nationals were the original target lawmakers had in mind when they passed the Alien Enemies Act. Buyenlarge/Archive Photos/Getty ImagesWhen has the Alien Enemies Act been used before? The Alien Enemies Act does allow individuals to bring lawsuits challenging their detention, Reisz says. Some Democratic lawmakers have tried to repeal the Alien Enemies Act in recent years.

Persons: Donald Trump, John Adams, ” Trump, “, Trump, John Moore, ”, haven’t, Woodrow Wilson, Katherine Yon Ebright, Brennan, Ebright, ” Ebright, Rebecca Noble, Jean Lantz Reisz, isn’t, ” Reisz, …, ” George Fishman, Fishman, couldn’t, ” Fishman, Mae Ngai, Brennan Center’s Ebright, Ngai, —, ” Ngai, Franklin Delano Roosevelt, it’s, ‘, ’ ” Ebright, Reisz, you’re, Frederic J . Brown, Biden, He’s, ” Sen, Mazie Hirono Organizations: CNN, ”, Republican Party, New York University, Border Patrol, University of Southern California’s Gould School of Law, Department of Homeland Security, Center for Immigration Studies, Columbia University, German, Department of Justice, National Archives, Customs, Getty, Trump, Democratic Locations: France, United States, Mexico, Springs , California, New Mexico, “, Prescott Valley , Arizona, Fort Douglas , Utah, AFP, China, Hawaii

☆ Adidas signs first NIL deal with girls' high school basketball player
▼ + stars: | 2024-11-14 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Adidas has signed Kaleena Smith as the bradn's first NIL high school basketball player. The German sports apparel brand on Thursday announced the signing of Kaleena Smith as its first high school girl's basketball partner under a name, image and likeness, or NIL, deal. The young basketball phenomenon represents Candace Parker's first signing since she took over as president of Adidas women's basketball in May. Parker, a former first-round WNBA draft pick, played 16 seasons in the WNBA and is a three-time WNBA champion and seven-time WNBA All-Star. Adidas tapped her to help evolve the company's women's basketball business.

Persons: Kaleena Smith, Smith, Candace Parker's, Parker Organizations: Adidas, University of Southern, University of Louisville, University of Connecticut, University of California, Los Angeles , Louisiana State University, University of South, WNBA Locations: Ontario , California, University of Southern California, Los Angeles ,, University of South Carolina

☆ VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit
▼ + stars: | 2024-11-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT — Volkswagen Group increased its planned investment for a joint venture with electric vehicle startup Rivian Automotive to $5.8 billion as the companies have broader aspirations than they initially announced for the team-up. Investors were impressed with the details of the deal, sending shares of Rivian up 13% in trading Wednesday. The companies said they expect roughly 1,000 people to work for the joint venture. But VW's capital to Rivian isn't guaranteed, and neither is the success of the deal. The automotive industry has seen a number of major mergers and joint ventures that don't result in long-term successes.

Persons: Rivian, Rivian isn't Organizations: DETROIT — Volkswagen Group, Automotive, Investors, VW Locations: Normal , Illinois, Georgia, Rivian

☆ Startup CEO says humans won't be needed for translation in 3 years as it launches AI app
▼ + stars: | 2024-11-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Vasco Pedro, co-founder and CEO of Unbabel, on the first day of the 2023 Web Summit at the Altice Arena in Lisbon. Unbabel's LLM allows AI translation in 32 languages, Vasco Pedro, the company's CEO, told CNBC in an interview at the Web Summit in Lisbon. Widn.AI is Unbabel's new product and is based on the company's proprietary large language model (LLM) called Tower. LISBON — Unbabel on Wednesday announced a translation service powered by artificial intelligence, adding another rival to a highly competitive space — with its CEO warning that humans may not be needed for translation at all in three years. But he said there will be an increase in the amount of content translated which will sustain the company's growth.

Persons: Vasco Pedro, Pedro, Widn.AI, There's Organizations: CNBC, Unbabel, Wednesday, Google Locations: Lisbon, Widn.AI, LISBON, Unbabel

“Any disputes Musk has with his critics should play out in the court of public opinion, not a court of law,” Terr said. Musk and representatives at X did not respond to requests for comment on his calls for prosecution. Musk and X have sometimes found allies among members of Congress or state attorneys general who have launched investigations. “The First Amendment obviously protects both Musk and his critics in making public pronouncements about each other,” he said in an email. The feud between Musk and the Center for Countering Digital Hate has continued.

Persons: Elon Musk, Musk, Victoria Nuland, ”, ” Musk, Donald Trump, Nadine Strossen, Trump, Strossen, they’re, ” Aaron Terr, ” Terr, there’s, Michael Gerhardt, Chapel Hill, —, X, Charles Breyer, Imran Ahmed, “ Elon Musk, “, ” Ahmed, Ahmed, Jim Jordan, Travis Brown, Brown, Aaron Greenspan, PlainSite, Greenspan, Jack Sweeney, Sweeney, Taylor Swift, he’s, “ Trump Organizations: State Department, Center, American Civil Liberties Union, New York Law School, “, SpaceX, Justice Department, Foundation, Rights, Hate, Media, NBC News, NBC, Media Matters, University of North, Chapel, Department, The Justice, District, ACLU, Electronic Frontier Foundation, Columbia University, Constitution, Racket, Twitter, Federal Government, World Federation, Internet, Wired, Washington Post Locations: University of North Carolina, U.S, Ohio, Texas, San Francisco

☆ Opinion | A Worldwide ‘Jew Hunt’
▼ + stars: | 2024-11-12 | by ( Bret Stephens | ) www.nytimes.com time to read: +2 min

Notice what these attackers aren’t saying. They aren’t denouncing Israeli policy or speaking up for Palestinian rights. They aren’t trying to make careful distinctions between Jews and Israelis. A great deal of attention has also been paid to some Israeli fans who pulled down a Palestinian flag, vandalized a taxi and, in Hebrew, chanted ugly anti-Arab phrases. As Leon Wieseltier pointed out years ago, this type of reasoning is not an explanation for antisemitism.

Persons: Maya Angelou, ”, Dick Schoof, Leon Wieseltier Organizations: Dutch Locations: Amsterdam, Germany, Gaza, United States

☆ Germany set for snap election in February, according to German public broadcaster
▼ + stars: | 2024-11-12 | by ( Sebastian Shukla | ) edition.cnn.com time to read: +2 min

CNN —Germany is set to hold a snap election on February 23 after an agreement was reached among parties in the country’s fractured parliament on Tuesday, according to reports from public broadcaster ARD. The confidence vote will be held on December 16 following an agreement from all parliamentary parties, according to ARD. German President Frank-Walter Steinmeier needs to rubber-stamp the date of the election, but reports suggest this is a formality. Friedrich Merz, leader of the CDU, said last week, “there is absolutely no reason to wait until January” to call the confidence vote. His government has grown increasingly unpopular in Germany, with Scholz also one of the least popular chancellors ever, according to a September opinion poll.

Persons: Chancellor Olaf Scholz, Scholz, Frank, Walter Steinmeier, Steinmeier, Christian Lindner, Friedrich Merz, ” Organizations: CNN, ARD, Green Party, Christian Democratic Union of Germany, CDU, German, Greens Locations: Germany, Berlin

☆ European markets head for a lower open as traders await inflation data
▼ + stars: | 2024-11-12 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a lower open Tuesday, as investors assess what U.S. President-elect Donald Trump's return to the White House could mean for the region's economy amid worries about possible tariffs. The U.K.'s FTSE 100 index is expected to open 18 points lower at 8,054, Germany's DAX down 93 points at 19,355, France's CAC down 34 points at 7,392 and Italy's FTSE MIB down 157 points at 33,659, according to data from IG. Investors will scrutinize a fresh batch of economic data this week, including an inflation reading from Germany on Tuesday, and U.S. inflation and U.K. gross domestic product on Thursday. Infineon, Bayer, Vodafone and AstraZeneca will report earnings, while U.K. unemployment and European and German ZEW economic sentiment figures are also due today. Asia-Pacific markets mostly fell overnight with investors exercising caution even as US.

Persons: Donald Trump's, Germany's DAX Organizations: France's CAC, IG, Infineon, Bayer, Vodafone, AstraZeneca Locations: Germany, Asia, Pacific

☆ China's Alibaba releases AI search tool for small businesses in Europe and the Americas
▼ + stars: | 2024-11-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Alibaba International promotes its e-commerce platform for small businesses at the Canton Fair in Guangdong, China, on Oct. 16, 2024. BEIJING — Chinese e-commerce giant Alibaba on Tuesday unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies. Initial tests showed businesses' purchase intent using the new tool increased by 40% versus traditional search engines, according to Kuo Zhang, president of Alibaba.com and vice president of Alibaba International. The initial version is web-based and supports English, German, French, Portuguese and Spanish, according to the company. At the end of the search, the tool lists a number of procurement options for the business to discuss directly with each supplier.

Persons: Kuo Zhang, Alibaba.com, Harry Potter Organizations: Alibaba, Fair, Alibaba International, CNBC Locations: Guangdong, China, BEIJING, Europe, Americas

☆ Germany sets early election date for February after collapse of the ruling coalition
▼ + stars: | 2024-11-12 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Germany is set to hold a federal election in February, earlier than Chancellor Olaf Scholz had originally proposed after his ruling coalition collapsed last week. The election is set to be held on February 23, according to sources within the parliamentary group of Scholz' social democratic party (SPD). It is a necessary step ahead of early elections in Germany as the chancellor must first call for the vote in parliament. Lindner was replaced by Jörg Kukies who was appointed as the new finance minister on November 7. Scholz' SPD and the Green party will form a minority government in Germany until the election in February.

Persons: Olaf Scholz, Joerg Kukies, Scholz, Christian Lindner, Chancellor Olaf Scholz, Lindner, Jörg Kukies Organizations: Bundestag, Authorities, Green Locations: Berlin, Germany

☆ U.S. election will put additional pressure on an already stressed German economy, says analyst
▼ + stars: | 2024-11-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. election will put additional pressure on an already stressed German economy, says analystJens Larsen, the director of global macro-geoeconomics at Eurasia Group, discusses Germany's political crisis and the impact of the U.S. election on the country's economy.

Persons: Jens Larsen Organizations: Eurasia Group

☆ European Google rivals partner on search engine infrastructure to counter Big Tech
▼ + stars: | 2024-11-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

The two internet search firms agreed a joint venture, called the European Search Perspective or EUSP, with ownership split 50-50 between both firms. Why build a European search index? Currently, alternative search engines like Ecosia, Qwant and DuckDuckGo don't develop their own back-end infrastructure. The new venture will see them build their own search index from scratch, however, amassing results from a mix of different search engines. Both companies will use the search index themselves but the tech will also be made available to other independent search engines and tech firms.

Persons: Nikolas Kokovlis, Portugal —, it's, Christian Kroll, DuckDuckGo, Bing, Olivier Abecassis, Abecassis, Kroll, Donald Trump, Ecosia's Kroll, ChatGPT Organizations: Nurphoto, Getty, Google, . Big Tech, Microsoft, CNBC, European Union, The, Markets, Big Tech, U.S Locations: LISBON, Portugal, France, Berlin, Paris, Qwant, United States, Russia, Europe, Ukraine

Char Bar, a kosher restaurant in D.C., was vandalized by having two of its windows smashed on Saturday, police say. We’re just a restaurant here.”Chelst said what was most concerning to him was when the crime happened. Kristallnacht is called the “night of broken glass” because thousands of Jewish homes, businesses and places of worship were destroyed by German Nazis. NBC Washington reached out to D.C. police to see if this is being investigated as a possible hate crime. “That’s a disappointing thing to hear because it’s pretty clear that it’s a hate crime,” Chelst said.

Persons: Char, “, ”, Michael Chelst, ” Chelst, we’re Organizations: Char, NBC Washington Locations: Char Bar

☆ Delphi murders: Richard Allen is found guilty in double murder trial
▼ + stars: | 2024-11-11 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

The Indiana man charged in the 2017 killing of two middle school girls was convicted of murder Monday, NBC affiliate WTHR of Indianapolis reports. The jury’s decision came after a four-week trial in which Richard Allen, 52, pleaded not guilty to murder charges in the Feb. 13, 2017 slayings of close friends Abigail Williams, 13, and Liberty German, 14. “Richard Allen is the ‘bridge guy.’ He kidnapped them and later murdered them. After his arrest, Allen was held in solitary confinement in a maximum security prison while awaiting trial. “How much can one human endure?”Officers escort Richard Matthew Allen following a hearing on Nov. 22, 2022, in Delphi, Ind.

Persons: Richard Allen, Abigail Williams, Allen, Nick McLeland, ” McLeland, “ Richard Allen, ’, Libby, Brad Rozzi, Rozzi, Allen's, ” Rozzi, Richard Matthew Allen, Darron Cummings, WTHR, wasn't, he’d Organizations: NBC, Liberty, NBC Chicago, ”, Authorities Locations: Indiana, Indianapolis, Delphi, Carroll County, Ind

A brand-new Disney cruise ship rushed to the aid of a catamaran taking on water in the Atlantic on Sunday and plucked four people to safety, authorities said. The Disney Treasure responded, saying it was 80 miles from Serenity, before heading to the catamaran and arriving between 1 p.m. and 1:45 p.m., according to the Coast Guard. A life boat from the cruise ship Treasure heads toward a disabled Catamaran. It appeared Disney Treasure was only recently constructed and headed to its future home in Port Canaveral, Florida, when she was unexpectedly called to duty. The Disney Treasure "journeys across the Atlantic Ocean ... in preparation for its inaugural season this December," according to a Disney blog posting on Friday.

Persons: Christine Bills, Thomas, Meyer Werft Organizations: Disney, Coast Guard, U.S . Coast Guard, NBC News, U.S . Virgin Locations: Bermuda, Elizabeth City , North Carolina, U.S, Port Canaveral , Florida, Tortola, British Virgin Islands, St, U.S . Virgin Islands, Bahamas

☆ Trump's tariffs will make it hard for automakers — including Tesla — to set up shop in Mexico
▼ + stars: | 2024-11-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +7 min

Analysts said tariffs on cars imported from Mexico would have dire consequences for US automakers. Tesla announced in March 2023 that it was planning to build its seventh gigafactory near the industrial hub of Monterrey, Mexico. Trump vowed to clamp down on automakers building cars in Mexico on the campaign trail, and the prospect of new tariffs could force US automakers such as Tesla to make some hard choices about operational or planned factories in Mexico. Analysts told BI that the tariffs floated by Trump would deter automakers such as Tesla from investing in Mexico. Other automakers have expanded their presence in Mexico, despite the uncertainty of the election and the prospect of tariffs under a second Trump term.

Persons: Donald Trump, Elon Musk, —, Tesla, Trump, It's, Donald Trump's, Alex Brandon, Musk, Sam Fiorani, Fiorani, Ford, David Whiston, Scott Olson, BYD, Stephanie Brinley, Alanis King, Brinley, Stellantis Organizations: Service, Mexico —, AP, UBS, Trump, AutoForecast Solutions, General Motors, Ford, Getty, Toyota, Tacoma, Nissan, Volkswagen, BYD, Chrysler, Street Journal, BMW, P Global, Toyota Tacoma, GM Locations: Mexico, Monterrey, Detroit, United States, Cuautitlan, Toluca, San Luis Potosí

☆ Dollar braces for U.S. inflation data and several Fed speakers
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: +3 min

The dollar started in a cautious mood on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package. The dollar started in a cautious mood on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package. Reports on retail sales and industrial output due Friday should show whether Beijing's various attempts at stimulus are having any real effect on demand. The dollar stood at 7.1970 yuan , having jumped 0.7% on Friday, and looks set to again test the 7.2000 barrier. The dollar index was a fraction firmer at 105.00, after gaining 0.6% last week mainly against the euro.

Persons: Olaf Scholz, Donald Trump's, Michael Feroli, Jerome Powell, cryptocurrencies Organizations: Federal Reserve, New, U.S, Fed Locations: China, New Zealand

☆ Europe could try to stop — or get around — damaging Trump tariffs
▼ + stars: | 2024-11-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Critics of the proposed tariffs say the policy could lead to higher prices for U.S. consumers. That leaves Asia and Europe having to quickly consider ways to mitigate the future impact of export tariffs, and whether to retaliate or to try to negotiate a get-out deal. But economists also say that the EU could try to use the carrot instead of the stick with the U.S., suggesting there are three other ways Europe might try to stop, limit or avoid Trump's likely tariff policy altogether. German Chancellor Angela Merkel deliberates with U.S. President Donald Trump during the G-7 summit in Canada on June 9, 2018. Jesco Denzel | Bundesregierung | Getty ImagesWhether there Europe can reach consensus on how or whether to do a deal with Trump is debateable, however.

Persons: Caitlin Ochs, Reuters Donald Trump's, Europe scrabbling, Trump, Flach, Donald Trump, Jean, Claude Juncker, Andrew Kenningham, Didier Lebrun, Photonews, Mujtaba Rahman, Ursula von der, Von der, Joe Biden, Kenningham, Angela Merkel deliberates, Denzel, Carsten Brzeski, Emmanuel Macron, Angela Merkel, There's Organizations: Reuters, Trump, ING, Germany's, International Economics, Germany, U.S, EU, Capital Economics, European Union, Getty, Eurasia Group, Sustainable Steel, US Trade, Technology Council, Bundesregierung Locations: Upper Bay, New York, U.S, Europe, EU, China, Asia, Germany, Ukraine, Canada, France

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