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The U.S. Department of Labor today approved up to $10 million – with $1 million released initially – in emergency grant funding to California to support disaster-relief jobs and training services for those affected by the devastating wildfires in Los Angeles County.

December CPI. We forecast headline CPI at +0.3% m/m SA (2.8% y/y) and Core CPI at +0.2% m/m SA (3.3% y/y), mostly in line with consensus. The PPI data released already yesterday pointed towards slightly lower-than-expected price pressures.

For decades, external voices have often narrated Africa’s economic story through a narrow lens of challenges: uneven growth, energy deficits, food insecurity, extreme poverty, mounting debt and stalled reforms. While these obstacles are undeniable, they overshadow a more compelling narrative of resilience, innovation and cautious hope.

US President-elect Donald Trump is planning to release an executive order elevating crypto as a policy priority and giving industry insiders a voice within his administration, according to people familiar with the plans.

The World Bank on Thursday warned that US across-the-board tariffs of 10% could reduce already lacklustre global economic growth of 2.7% in 2025 by 0.3 percentage point if America's trading partners retaliate with tariffs of their own.

If you follow sports for any length of time, you will experience a fair share of disappointments. After a poor season, the excitement starts in a franchise’s front office: turnovers in coaching, player trades and draft positions can put the team on a new trajectory. Hope once again springs eternal.

The Eurozone economy is entering 2025 on an unsteady and uncertain footing. While household fundamentals are still favorable overall, they may become less supportive as 2025 progresses, suggesting the pace of consumer spending could slow. The outlook for the corporate sector remains challenging, and a further decline in investment spending cannot be ruled out.

Ukrainian President Zelenskyy says he is confident sanctions will ‘significantly reduce Russia’s petrodollar income’.

US Dollar (USD) is likely to trade with a downward bias; any decline is viewed as part of a lower range of 155.80/157.00. In the longer run, rapid increase in momentum indicates further USD weakness, with a technical target at 154.90, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.