German Chancellor Olaf Scholz’s three-way coalition has agreed a budget for next year, after a month of wrangling following a constitutional court ruling that upended the government’s financial plans.
Futures tied to Canada’s resource-heavy main stock index were marginally lower on Wednesday as prices of most base metals fell ahead of the decision from the U.S. Federal Reserve’s last policy meeting of 2023 due later in the day.
German exports to countries bordering Russia grew by almost a third from January to October, while exports to Russia declined by around 40%, the federal statistical office said on Wednesday.
Dollarama lifted its annual sales forecast on Wednesday, encouraged by strong demand for its household essentials and groceries as inflation-hit consumers turned to discount stores.
Pfizer on Wednesday forecast 2024 revenue and profit below Wall Street expectations, sending its shares down 7% in premarket trading even as it raised cost-cut target by $500 million.
Tesla is recalling just over two million vehicles in the United States to install new safeguards to prevent the misuse of its Autopilot advanced driver-assistance system.
The auditor hired by Volkswagen to audit its jointly-owned site in Xinjiang posted a statement on LinkedIn flagging that just two employees supervised the project, in a sign of the reputational challenges posed by undertaking such work in the region.
For a Federal Reserve that is actively weighing an end to aggressive rate hikes aimed at lowering inflation, easing financial conditions over recent weeks, on the face of it, appear more a foe than friend of monetary policy.
Vacation rental platform Airbnb said on Wednesday it will pay 576 million euros ($620.58 million) to the Italian Revenue Agency to settle outstanding host income tax obligations for the 2017-2021 tax years.
