Hezbollah is facing major challenges following the ceasefire with Israel. While it has suffered thousands of casualties among its fighters, including leading figures, the organization has been hit hard by the destruction of its strongholds in Lebanon. Its priorities are now to supply the population, rebuild and analyze its own mistakes, especially with regard to underestimated Israeli technology. Iran has pledged financial support, but reconstruction remains a mammoth task due to enormous damage estimated at 8.5 billion dollars. Israel sees Hezbollah as militarily and politically weakened, while the organization points to its remaining combat capability.
Mexico's President Claudia Sheinbaum has announced that Mexico would respond with counter-tariffs if US President-elect Donald Trump implements his proposal for a 25% tariff. Mexico warns that this would jeopardize 400,000 US jobs and increase prices for US consumers. The automotive industry, which is heavily dependent on exports to Mexico, would be particularly affected. Trump justifies the tariffs with the fight against drugs and migration, while Mexico is focusing on cooperation. Analysts see the threats more as a negotiating tactic than a concrete trade policy. The potential economic consequences could be significant, including lower growth, higher inflation and unemployment in the US.
India's parliament was temporarily suspended after opposition politicians again called for a debate on corruption allegations against the Adani Group. US authorities accuse Gautam Adani and other executives of paying 265 million dollars in bribes for solar projects and misleading US investors. The opposition is demanding a statement from Prime Minister Narendra Modi and accusing his government of favoring Adani and blocking investigations. The BJP rejects the allegations and says Adani should defend himself while the law takes its course.
South Korea is battling heavy snowfall for the second day in a row, claiming at least five lives, canceling dozens of flights and halting ferry services. Seoul recorded its third highest snowfall since records began in 1907, with over 40cm of snow in some parts of the city. Four people died in collapsed buildings and one person died in a traffic accident. More than 140 flights were canceled, schools closed and numerous accidents reported. The unusually heavy November snowfall was caused by warm sea temperatures meeting cold air currents.
Several members of Donald Trump's future administration, including Elise Stefanik, Lee Zeldin and Pete Hegseth, have been the target of bomb threats and “swatting” incidents. The FBI is investigating the cases, which are considered to be intimidation of prominent individuals. President Biden condemned political violence. The threats follow previous assassination attempts against Trump.
The USA, Great Britain, Canada, Norway and Switzerland condemned the increasing violence against civilians in Mozambique following weeks of protests against allegedly falsified election results. The opposition rejects the victory of the ruling Frelimo party, which has been in power since 1975. An incident in which a military vehicle drove into a crowd of people causes outrage. At least 67 people have died since October as a result of the unrest. The countries involved are calling for an investigation.
Russia's air travel is booming thanks to rising incomes, but sanctions are leading to a shortage of aircraft. Western aircraft and spare parts are lacking and domestic production is lagging behind. The focus is on domestic flights and trips to “friendly” countries such as Turkey and China. Plans to build 1,000 aircraft by 2030 are hardly feasible despite billions in aid.
Donald Trump has nominated former General Keith Kellogg as special envoy for Ukraine and Russia. Kellogg, former White House security adviser, presented Trump with a plan to end the war in Ukraine. This plan envisages freezing the front lines, urging Kiev and Moscow to negotiate and attaching conditions to arms deliveries. NATO membership for Ukraine would be ruled out for the time being. Critics fear that Trump's approach could force Ukraine to make territorial concessions.
The USA has advised Ukraine to lower the conscription age from 25 to 18, as there could be a shortage of soldiers. According to the US government, there is an “existential recruitment problem” as Ukraine cannot make up for its losses on the battlefield and needs to keep up with Russia's growing military. Ukraine needs around 160,000 additional soldiers, and the proposal to lower the age is seen as a possible solution. However, US military aid does not remain tied to this change, and the White House emphasized that arms deliveries will continue.
German corporations: Who is currently cutting thousands of jobs. The mood in the German economy is bad. Too much bureaucracy, expensive energy and tough competition from China are weighing on companies. More and more companies are therefore cutting jobs on a large scale. (TAG)
Volksbanks: Series of scandals at the cooperative banks. Several problem banks are currently occupying the financial supervisory authority Bafin. The regulatory authority criticizes the management of the Volksbanks, but they speak of “individual cases”, as the Handelsblatt reports. (HB)
US VC plans $200 million investment in German AI start-up. US VC Andreessen Horowitz is planning to invest up to $200 million in the German AI start-up Black Forest Labs. The company supports Elon Musk's chatbot Grok in image production. This funding could give Black Forest Labs a valuation +$1 billion. (BBG)
Traditional company: Austrian motorcycle manufacturer KTM faces insolvency. In the previous year, the parent company announced record sales. Now the popular motorcycle brand KTM is apparently missing a three-digit million amount.
- Trumps Zölle: Deutsche Wirtschaft fürchtet Auftragsflaute
- DAX: Bleibt im Vergleich zu französischen und US-Märkten relativ stabil – fällt leicht um 0,2% (NTV)
- Razzia: Bei Wohnmobilhersteller Knaus Tabbert (HB)
- VW: Verkauft umstrittenes Werk in chinesischer Provinz Xinjiang (TAG)
- Telekom: Will Funklöcher künftig per Satellit schließen (HB)
- Insolvenz: Traditions-Motorradhersteller KTM vor dem Aus (FOC)
- USA: Verbrauchervertrauen steigt auf 16-Monatshoch (BBG)
- Neuseeland: Senkt Leitzinsen um 50 Basispunkte auf 4,25 % (RT)
- Japan: Portfolio des Premierministers übertrifft Leitindex-Benchmarks (FT)
- Australia: Bans social media for under-16s (HB)
- SoftBank: Tech investor pumps $1.5 billion into ChatGPT maker OpenAI (TIA)
- Ambarella increases sales by 63% to 82.7 million US dollars with strong quarterly figures and an optimistic outlook.
- Iris Energy accelerates expansion and reports USD 54.4 million in sales in the last quarter.
- Urban Outfitters grows by 6.2% to 1.361 billion US dollars in Q3 and increases earnings per share to 1.10 US dollars.
- Dell disappoints with sales of 24.37 billion US dollars and misses expectations for Q4.
- HP reports a weak outlook for 2025 with expected earnings of USD 0.70 to 0.76 per share in the next quarter.
- Autodesk raises 2025 revenue guidance to USD 6.12bn, but margins are a concern for investors.
- Workday lowers its revenue forecast, although Q3 revenue of USD 2.16 billion and earnings per share of USD 1.89 are above expectations.
- Guess records a growth rate of 13% with Q3 sales of 738.5 million US dollars, but falls short of expectations.
- Henkel reaches a four-week high on the stock market, supported by an analyst upgrade.
- Deutsche Bank and Commerzbank lose ground and are among the biggest losers in the DAX.
- Nemetschek falls and follows the decline of its US competitor Autodesk.
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