US President-elect Donald Trump recently spoke to Russian President Vladimir Putin and advised him not to escalate the war in Ukraine. At the same time, President Joe Biden plans to urge Trump to maintain support for Kiev. Trump repeatedly criticized the high level of US support for Ukraine and promised to end the war quickly, without giving details. Biden wants to convince Trump that a withdrawal from Ukraine would lead to more instability in Europe. Support for Ukraine is likely to be reduced under Trump's leadership, especially as the Republicans could take control of the Senate.
Poland reduces involvement in the Ukraine crisis due to declining US interest Polish Prime Minister Donald Tusk has declared that Poland will not expand its involvement in the Ukraine war any further. The reason for this is the expected decline in US interest in continuing to support Kiev.
Donald Trump, as President-elect, plans to purge the military of “woke” generals, according to his election pledge, which could potentially lead to major restructuring in the Pentagon. Trump and his team could favor loyal supporters and replace disliked military and civilian employees. Such moves worry military and security experts as they could provoke chaos in the military and political resistance. In addition, Trump could attempt to deploy more of the military domestically, which would be legally and socially controversial. There are concerns that these measures could compromise the Pentagon's efficiency and technical expertise.
Japan's Prime Minister Shigeru Ishiba faces a vote of confidence in parliament after his coalition lost its majority in the lower house in the last elections. Although Ishiba is expected to be confirmed as head of government, he faces the challenge of leading a minority government. He will have to work with the opposition Democratic Party for the People (DPP), which is offering its support on a case-by-case basis. At the same time, economic challenges and international tensions with China and North Korea are causing problems. Amid this uncertainty, Ishiba is also planning a meeting with future US President Donald Trump, who could pose a challenge for Japan in terms of economic policy.
At least 40 Palestinians were killed in Israeli airstrikes on Gaza, including 24 in a destroyed residential building in Jabalia, Palestinian health officials said. The Israeli army claimed to have attacked active militiamen there. Evacuations from besieged hospitals were organized by the Red Cross and Red Crescent. Efforts to achieve a ceasefire by Qatar, Egypt and the USA have so far been unsuccessful. The conflict has claimed thousands of victims on both sides since October 2023.
The Asian Development Bank (ADB) is increasing its climate-related lending by up to $7.2 billion after the US and Japan provided sovereign guarantees for climate finance for the first time. This backing of existing loans allows the ADB to provide more funds for climate projects without needing a capital increase through new funds from member states. The new strategy could be a model for other development banks to increase financing for developing countries, a key topic at the COP29 summit in Baku. A first project to benefit from the increased funding will produce sustainable aviation fuel from cooking oil in Pakistan. The ADB is also working with other development banks such as the World Bank to promote similar financing models for climate protection.
According to a poll, opposition leader John Dramani Mahama has a good chance of winning the presidential election in Ghana in December, with 52% against 41.3% for Vice President Muhamudu Bawumia. Voters are concerned about the economy, jobs and infrastructure. Mahama was criticized for economic crises during his term from 2012 to 2017, but invested heavily in infrastructure. Analysts expect a close race and believe a run-off is possible.
Cuba was shaken by an earthquake after Hurricane Rafael. On Sunday morning, two quakes of magnitude 5.8 and 6.8 struck the south-east of the island, with the epicenter off the coast of Granma province. In the city of Santiago de Cuba, many people ran out of their homes in panic. There were landslides, damaged houses and further power cuts. After the devastating effects of the hurricane on Wednesday, the power outage on the island had only just been repaired, but many regions are still without electricity. President Miguel Díaz-Canel urged residents of the affected areas to stay outside and promised rapid assistance. Meanwhile, several people were arrested during protests against the frequent power cuts.
Taiwan faces an uncertain future after Trump's re-election. While Trump's first term in office was seen as a “golden age”, many Taiwanese now doubt the reliability of the USA, especially after Trump's critical statements on the Taiwanese chip industry. Despite Taiwan's importance for the USA's semiconductor supply, it remains to be seen whether Trump would actually defend the island against China in the event of a conflict. Taiwan is therefore arming itself and increasingly wants to ensure its own security. However, a possible trade war between Trump and China could indirectly benefit Taiwan, even if a “golden age” is not expected.
Salzgitter takeover: deal before Christmas? In the coming week, building contractor Günter Papenburg and the Rethmann recycling dynasty could present a binding offer for the Salzgitter steel group. They would then be in control before Christmas - and Lower Saxony would be disempowered. (MM)
Deutsche Bahn: No manufacturer found for ICE 5: It was supposed to be at least 300 km/h fast, barrier-free, economical and offer almost 1,000 seats. But now the ICE 5 seems doubtful. Deutsche Bahn is unable to find a manufacturer. This was initially reported by the industry medium Eisenbahn in Ö, D, CH. (SPG)
Musk: Builds X as a PR platform for the Trump presidency: Even before the US election, Elon Musk used his platform to inspire his 203 million followers for Donald Trump. The New York Times has investigated how Musk intends to use the platform as a PR platform for the government after the Trump administration is sworn in in January. (NYT)
Amazon: Starts new attempt at grocery delivery with Knuspr: The US retail giant has practically failed with Amazon Fresh in Germany. Now it is teaming up with one of its strongest competitors to catch up with Rewe and Picnic. (HB)
Magdeburg chip plant: Will it disappear completely after the US election? Following Donald Trump's election, several economists fear that Intel could completely abandon its planned chip factory in Germany. This is because the USA could then subsidize domestic technology players even more. (TAG)
OpenAI: Next security researcher jumps ship
TSMC: Stops exporting AI superchips to China today - under pressure from the USA
US stocks: Last week was best week of the year (BBC)
Fed Chairman: Jerome Powell won't resign - even if Donald Trump asks him to (CNBC)
Japan: Intervened twice in the currency market in Q3 to stabilize the yen (BBG)
Goldman Sachs: Appoints 95 new partners (BBG)
KI painting: Sold for €1.2 million (TAG) Olaf Scholz: Can now imagine a vote of confidence before Christmas after all (HB)
Trade association: Considers Germany “not competitive” (SPG)
Friedrich Merz: CDU candidate for chancellor wants “deals” with Trump (ZON)
Jörg Kukies: Former Goldman boss, now finance minister - who is the man? (HB)
Wirecard: Long-time bodyguard of ex-CEO Markus Braun - “I was ruined” (MM)BlackRock will Millennium-Beteiligung
Qonto a €5 billion valuation
Tesla continues its upward trend and exceeds the trillion-dollar mark for the first time since 2022
Nvidia is the first company to reach a market capitalization of over USD 3.6 trillion.
United States Steel records a weekly rise despite Trump's rejection of a takeover by Nippon Steel.
Iron Mountain exceeds expectations with its quarterly results and reports progress on new services.
Realty Income raises the lower end of its full-year guidance and increases its capital expenditure forecast.
Host Hotels & Resorts exceeds expectations for revenue and profit in the third quarter.
Sezzle reports strong growth, supported by good quarterly results.
Upstart Holdings rises after strong quarterly results and optimistic forecast for the fourth quarter.
Coinbase achieves growth after Trump's election victory lifts the price of Bitcoin to a new record high.
Crypto at record high
ECB: demands more capital buffer for Raiffeisen and Unicredit
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