News

European carmakers are considering extending internal combustion engine vehicle programs.

British Chancellor of the Exchequer Reeves: We have no plans to further increase the tax on electric vehicles and will not take this step until the transition to electric vehicles is achieved.

The Swiss parliament elected Economy Minister Parmelin as president.

European Central Bank President Lagarde: The EU Council’s proposed package for Ukraine is the closest to complying with international rules.

European Central Bank President Lagarde: It is our duty to support Ukraine.

European Central Bank President Lagarde: Defense is a perfect example of EU co-financing.

European Central Bank President Lagarde: The European Central Bank must pay attention to inflation and take the economy into consideration.

The head of real estate at Norway's sovereign wealth fund said there are currently no active plans to invest directly in data centers.

Sources: As U.S. President Trump adjusts his focus on fighting crime, tax litigation has dropped sharply; U.S. federal court litigation records show that 160 Department of Justice lawyers are involved in tax litigation this year, compared with 420 last year.

Trump administration officials said the United States is demanding a commitment from the International Criminal Court not to prosecute U.S. President Trump and his senior officials, otherwise sanctions will be imposed on more ICC officials.

UK Chancellor of the Exchequer Reeves: I acknowledge that fiscal consolidation requires consistency in Parliament.

UK Chancellor of the Exchequer Reeves has ruled out the possibility of a unified lock in pension increases.

UK Chancellor of the Exchequer Reeves has ruled out introducing a capital gains tax on main residences.

Morgan Stanley no longer expects the Bank of England to cut interest rates in March 2026, and continues to expect the Bank of England to cut interest rates in February, April and June 2026, with the terminal interest rate raised to 3%, higher than the previous forecast of 2.75%.

Google: Launched Google AI Plus in India, priced at Rs 399 per month.

British Chancellor of the Exchequer Reeves: Importantly, we do not view the increase in taxes brought about by rising inflation as good news, because inflation will weaken the government's ability to spend.

Russian President Vladimir Putin told Indonesian President Prabowo that we are ready to expand military cooperation.

Chancellor of the Exchequer Reeves: We are unlikely to have a new OBR chairman before the spring forecast.

UK Chancellor of the Exchequer Reeves: I will reiterate in the strongest possible terms that budget leaks are unacceptable.

United Trade Union: If the proposal is rejected, strikes will be held on December 20 and 21, and January 5 and 6.