16:34

Pressure on Scholz to abandon re-election bid

Olaf Scholz's hopes of being re-elected as German chancellor is under threat as calls for his withdrawal intensify. Infighting within the SPD and dwindling popularity among the German people have contributed to the unprecedented move.

07:41

U.S. Federal Reserve slash interest rates by 25 basis points

The U.S. Federal Reserve cut interest rates by 0.25% to 4.5%-4.75% as inflation cools and labor market weakens. This follows a weak October jobs report, showing only 12,000 new jobs, and downward revisions for August and September. The easing cycle began in September with a 0.5% cut.

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