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Macroeconomics

OECD warns of protectionism risk to global growth outlook

By Leigh Thomas PARIS (Reuters) - The world economy is set for steady growth in the next two years if resurgent protectionism does not derail a recovery in global trade, the...

Powell's speech, Salesforce, French political woes - what's moving markets

-- Wall Street awaits a speech by Fed chair Jerome Powell later in Wednesday's session, although the overall tone seems supportive. Salesforce has impressed with its...

Political uncertainty hits France's services sector, PMI shows

By Sudip Kar-Gupta PARIS (Reuters) - Political uncertainty in France hit the country's services sector, a monthly survey showed on Wednesday, as risks that Prime Minister Michel...

Italian service sector contracts for first time in 2024, PMI shows

ROME (Reuters) - Italy's service sector activity contracted in November for the first time this year, a survey showed on Wednesday, boding ill for growth prospects in the euro...

UAE's Abu Dhabi sets out measures to help business get away from oil

ABU DHABI (Reuters) - Abu Dhabi, the capital of the United Arab Emirates (UAE), set out measures on Wednesday to simplify processes for businesses as it strives to diversify its...

Spain's service sector grows at slowest pace since Jan, PMI shows

MADRID (Reuters) - Spain's services sector grew last month but at the slowest pace since January, a survey showed on Wednesday, as the country's deadliest floods in modern history...

S.African consumer confidence drops, but signals strong festive season

(Reuters) - South Africa's consumer confidence slipped one point in the fourth quarter, although retail sales during the festive season are still expected to be their best levels...

China can accept GDP growth of less than 5%, says People's Daily

BEIJING (Reuters) - China is not wedded to achieving specific GDP growth rates, and a pace of less than 5% for the economy is acceptable as there is no need for the "worship of...

Thai business group sees GDP growth at 2.8% this year, risks ahead

BANGKOK (Reuters) - Thailand's economy is expected to grow 2.8% this year, the top end of a previous forecast range of 2.6% to 2.8%, helped by stronger exports and government...

UN seeks $47 billion in aid as donor appetite shrinks while crises multiply

By Emma Farge GENEVA (Reuters) - The United Nations on Wednesday sought $47 billion in aid for 2025 to help around 190 million people fleeing conflict and battling starvation, at a...

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