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Europe’s struggling economy has economists worried — and senior European Central Bank policymaker Mário Centeno, echoes that view. “I am very concerned about the European economy,” Centeno, who is also governor of the Bank of Portugal, told CNBC’s “Squawk Box Europe” on Friday. On Thursday, the ECB revised its gross domestic product expectations for the … Read more
Key Takeaways Treasury Secretary Bessent plans to lower interest rates to aid struggling Americans with high borrowing costs. Plans to deregulate banking and expand energy production aim to reduce costs and enhance US export capabilities. Share this article Treasury Secretary Scott Bessent reaffirmed the administration’s commitment to tackling inflation and making life more affordable for … Read more
Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. Activist hedge fund Elliott Management has built a stake in struggling UK oil major BP, according to two people with knowledge of the move. The exact size of Elliott’s stake could not be … Read more
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Djimon Hounsou has dozens of award-winning films and two Oscar nominations under his belt, but the actor says he still struggles financially and is “definitely underpaid.” In a new interview with CNN published on Friday, January 10, the Beninese-born actor, 60, said he doesn’t feel he has been compensated fairly for his work and still … Read more
Looking for the job report today? NFP Data? The December job numbers are in, and they’re a thunderclap. Nonfarm payrolls surged by 256,000, smashing the 155,000 expected. Unemployment dipped to 4.1%, defying predictions it would stay put. The labor market doesn’t seem to care much for forecasts, bulldozing right through cautious optimism. Yet, the deeper … Read more
The merger is unlikely to be a marriage of equals: Honda will nominate the new company’s president, and the board will be mostly made up of Honda executives. Read More
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