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US earnings season gets off to a positive start, Netflix with record figures
US earnings season gets off to a positive start, Netflix with record figures
(c) unsplash

US earnings season gets off to a positive start, Netflix with record figures

On the world’s stock exchanges, earnings season in the USA is being followed with great interest. During this period, almost all major listed US companies report on their past financial quarter and give an outlook for the coming year.

USA: Clear sailing for Joe Biden’s economic programme after winning Senate majority
USA: Clear sailing for Joe Biden’s economic programme after winning Senate majority
(c) Matt Johnson / flickr.com

USA: Clear sailing for Joe Biden’s economic programme after winning Senate majority

After the Democrats’ success in the Senate run-off elections in the US State of Georgia, the party now has the de-facto majority in both chambers of Congress, and therefore US President-elect Joe Biden should soon have much more leeway for implementing his economic policy programmes.

ECB and European Parliament get crisis programmes for 2021 on track
ECB and European Parliament get crisis programmes for 2021 on track
Paolo Gentiloni & Christine Lagarde (c) Olivier Matthys / AP / picturedesk.com

ECB and European Parliament get crisis programmes for 2021 on track

As the year 2020 comes to a close, the European Central Bank (ECB) and the European Parliament have put their respective programmes for the fight against the crisis on track for next year. The MEPs recently approved the approximately EUR 1.1tn Community budget for the next seven years, which includes EUR 750bn in Corona aid.

OPEC+ haggling over production restrictions at ongoing meeting
OPEC+ haggling over production restrictions at ongoing meeting
(c) unsplash

OPEC+ haggling over production restrictions at ongoing meeting

The eyes of the international business world are currently fixed on Vienna. At the OPEC headquarters in downtown Vienna, the oil cartel’s member states and its allies are currently haggling over production volumes, and thus the further development of oil prices, via video conference.

Turkey: Erdogan combats crisis with new economic programme after change of staff
Turkey: Erdogan combats crisis with new economic programme after change of staff

Turkey: Erdogan combats crisis with new economic programme after change of staff

After unexpected replacements of the head of the central bank and the finance minister, Turkish President Recep Tayyip Erdogan recently declared war on the inflation and currency depreciation in his country with a new economic programme. In doing so, Erdogan is radically turning away from his previous economic policy line by relying on foreign investment and monetary stability.

Global economic slump less severe than expected, but still the worst recession in decades, according to IMF
Global economic slump less severe than expected, but still the worst recession in decades, according to IMF
(C) IMF Photograph / Stephen Jaffe

Global economic slump less severe than expected, but still the worst recession in decades, according to IMF

According to current forecasts by the International Monetary Fund (IMF), the global economy should be able to handle the consequences of the corona pandemic somewhat better than has been feared. In its eagerly awaited global economic outlook for this year, the IMF now expects global economic output to decline by only 4.4 per cent. The IMF has thus adjusted its last forecast from June by 0.5 percentage points.

US election campaign entering hot phase: decision in the midst of the crisis
US election campaign entering hot phase: decision in the midst of the crisis
© Morry Gash / POOL / AFP / picturedesk.com

US election campaign entering hot phase: decision in the midst of the crisis

In the midst of the corona crisis, following the first TV debate and US president Donald Trump’s infection with the corona virus, the race for the US presidential office enters its critical phase. In nationwide opinion polls, Democratic candidate Joe Biden is currently ahead of Republican incumbent Trump.

New Prime Minister Suga wants to lead Japan out of the crisis with an old team and reforms
New Prime Minister Suga wants to lead Japan out of the crisis with an old team and reforms
(c) Charly Triballeau / AFP / picturedesk.com

New Prime Minister Suga wants to lead Japan out of the crisis with an old team and reforms

Japan officially entered a new era on Wednesday: As was expected, Japan’s new head of government Yoshihide Suga was elected Prime Minister by the majority of his Liberal Democratic Party (LDP), succeeding Shinzo Abe.

Apple’s stock split causes Dow Jones reshuffle: Salesforce, Amgen and Honeywell replace Exxon, Pfizer and Raytheon
Apple’s stock split causes Dow Jones reshuffle: Salesforce, Amgen and Honeywell replace Exxon, Pfizer and Raytheon

Apple’s stock split causes Dow Jones reshuffle: Salesforce, Amgen and Honeywell replace Exxon, Pfizer and Raytheon

On Monday, trading commences with several changes in the Dow Jones: the software company Salesforce, the biotech company Amgen and the conglomerate Honeywell are new additions to the world’s most famous stock index.