China's growth
Sources: China plans new record-breaking stimulus
China plans to raise the equivalent of over 4,500 billion kronor in special government bonds next year, Reuters reports, citing sources. It is a record sum and would mean a tripling of this year's bond sales.
- This is more than we expected and shows the government's willingness to secure growth, says Michelle Lam, China economist at Société Générale, to Bloomberg.
The revenue will be used to subsidize consumption, investments in key technologies, advanced manufacturing and to capitalize state-owned banks, according to the news agency.
Gas prices
Gas stocks are running out at the fastest rate since the energy crisis
Europe's gas stocks are shrinking at the fastest rate since the energy crisis almost three years ago, writes the Financial Times.
The background is said to be, among other things, colder weather and reduced seaborne imports of liquefied natural gas.
Since the end of September, EU gas stocks have fallen by 19 percent, according to the industry association Gas Infrastructure Europe. The previous two years saw stocks fall by single-digit percentages during the same period, writes the FT.
Sources: China plans new record-breaking stimulus
China plans to raise the equivalent of over 4,500 billion kronor in special government bonds next year, Reuters reports, citing sources. It is a record sum and would mean a tripling of this year's bond sales.
- This is more than we expected and shows the government's willingness to secure growth, says Michelle Lam, China economist at Société Générale, to Bloomberg.
The revenue will be used to subsidize consumption, investments in key technologies, advanced manufacturing and to capitalize state-owned banks, according to the news agency.
Gas prices
Gas stocks are running out at the fastest rate since the energy crisis
Europe's gas stocks are shrinking at the fastest rate since the energy crisis almost three years ago, writes the Financial Times.
The background is said to be, among other things, colder weather and reduced seaborne imports of liquefied natural gas.
Since the end of September, EU gas stocks have fallen by 19 percent, according to the industry association Gas Infrastructure Europe. The previous two years saw stocks fall by single-digit percentages during the same period, writes the FT.
Trump's victory
Biden gets the final say on US Steel – panel disagrees
Incumbent President Joe Biden looks set to get the final say on the acquisition of US Steel. This after the panel that was supposed to decide on Japan's Nippon Steel's interest could not agree, several media outlets report.
Biden has repeatedly expressed his negative views on the acquisition. US Steel's shareholders, however, have said yes and believe that a merger would lead to a better ability to face competition from China, writes the TT.
The president now has 15 days to respond.
Biden gets the final say on US Steel – panel disagrees
Incumbent President Joe Biden looks set to get the final say on the acquisition of US Steel. This after the panel that was supposed to decide on Japan's Nippon Steel's interest could not agree, several media outlets report.
Biden has repeatedly expressed his negative views on the acquisition. US Steel's shareholders, however, have said yes and believe that a merger would lead to a better ability to face competition from China, writes the TT.
The president now has 15 days to respond.
Strikes at Starbucks expand to 300 cafes
About 5,000 employees at Starbucks in the United States will walk off their shifts on Christmas Eve, Reuters reports. The union and management have still not reached an agreement regarding wages, schedules and staffing levels.
– These strikes are an initial show of strength, we have only just begun, says an employee in Oregon, according to the news agency.
Starbucks Workers United, as the union is called, represents just over 500 cafes out of the coffee chain's 10,000. The strike will have a "very limited impact" on overall operations, the union writes in a statement.
About 5,000 employees at Starbucks in the United States will walk off their shifts on Christmas Eve, Reuters reports. The union and management have still not reached an agreement regarding wages, schedules and staffing levels.
– These strikes are an initial show of strength, we have only just begun, says an employee in Oregon, according to the news agency.
Starbucks Workers United, as the union is called, represents just over 500 cafes out of the coffee chain's 10,000. The strike will have a "very limited impact" on overall operations, the union writes in a statement.
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