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The World in Brief from The Economist
Dow falls after Fed signals caution; Trump denounces funding bill, and more
Ep. 20241219
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The Dow Jones Industrial Average, an American stock index, fell by over 1,100 points, after the Federal Reserve cut interest rates but signalled fewer reductions next year.
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Government shutdown looms in America; apparent attack in Germany, and more
10:59|Russia’s central bank surprised markets by keeping its key interest rate at 21%Government shutdown looms in America: strikes at Amazon and Starbucks, and more
11:20|America’s House of Representatives voted to reject a Trump-backed spending deal that would avert a government shutdown. Also, Two marquee names in American business were hit by strikes in the run-up to Christmas.20241220. Republicans reach new spending deal; Zelensky urges more support for Ukraine, and more
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11:08|Ukraine’s president, Volodymyr Zelensky, said that security guarantees from Europe “won’t be sufficient” to protect his country from Russia, and emphasized the importance of also having American support and NATO membership.Markets fall after Fed’s hawkish remarks; Syria’s new leader speaks, and more
12:16|Global stockmarkets fell after America’s Federal Reserve signalled fewer interest-rate cuts in 2025 than previously expected. Also, Ahmed al-Sharaa, Syria’s new de facto leader, urged Western countries to lift sanctions on his country, claiming that it is no longer a threat to the world.Israeli minister criticizes ceasefire proposal; Fed cuts rates, and more
11:21|Bezalel Smotrich, Israel’s hard-right finance minister, criticized a proposed ceasefire deal that is reportedly close to being agreed with Hamas.Nissan and Honda discuss merging; Russia arrests suspect for general’s killing, and more
12:13|Honda and Nissan had already agreed to explore a partnership on electric vehicles. Also, Russia’s domestic-security agency, the FSB, arrested an Uzbek man for the assassination of Lieutenant General Igor Kirillov.20241218. Russian general killed in Moscow; the West forges ties with Syria’s regime, and more
03:47||Ep. 20241218Ukraine claimed responsibility for the explosion in Moscow that killed General Igor Kirillov, the head of Russia’s nuclear-protection forces.