Author: Press Room

(Bloomberg) — Germany is suffering a mild recession and output across the whole of 2024 will be flat, according to a Bloomberg survey — underscoring the malaise in Europe’s largest economy.Most Read from BloombergAnalysts in the poll see gross domestic product shrinking 0.1% in the third quarter, following a surprise contraction of that magnitude in the second. A month ago, they still forecast stagnation between July and September.Their full-year projection also marks a downward revision from the 0.1% expansion previously envisioned. But it’s a tad more optimistic than the government, which last week slashed its forecast to a contraction of…

An Israeli attack on a school used to shelter displaced Palestinians has killed at least 15 people in central Gaza, officials say.Gaza’s Hamas-run Civil Defence Agency said the site in Nuseirat camp was struck by a volley of artillery on Sunday, killing entire families and wounding dozens more.The Israel Defence Forces (IDF) said it was looking into the reports.Earlier, five children were reportedly killed by a drone strike while playing on a street corner in northern Gaza.A civil defence spokesman said the attack on al-Mufti school, where hundreds of displaced people from around Gaza were sheltering, had injured at least…

President Joe Biden announced while surveying storm-damaged Florida on Sunday that over $600 million will flow to states affected by hurricanes Helene and Milton, which ravaged Georgia and North Carolina as well.During remarks in St. Pete Beach, a barrier island city off of St. Petersburg, Biden said nearly $100 million of the money would go toward improvements to Florida’s power system. He noted it was his second time visiting the state in two weeks.“Thankfully the storm’s impact was not as cataclysmic as we predicted,” Biden said. “But for some individuals, it was cataclysmic. All those folks who not only lost…

Meghan McCain threatened to reveal her late father’s true feelings about Kamala Harris in a Friday post on X, a day after the vice president invoked his memory at a campaign rally.Vice President Kamala Harris lays flowers at a memorial site for Senator John McCain. Evelyn HocksteinThe former co-host of The View said Democrats have “bastardized” John McCain’s memory for their own political gain.“Now, I know democrats want to reinvent history and turn my Dad into any illusion you guys need him to be depending on the political moment you need to bastardize his memory for,” the 39-year-old wrote on…

Brussels does not see Belgrade as a true partner, Deputy Prime Minister Aleksandar Vulin has said The EU has made increasingly stiff demands of Serbia and offered no progress toward membership in return, and Belgrade will “explore” the option of joining the non-Western group instead, Deputy Prime Minister Aleksandar Vulin has said.Serbia applied to join the European Union in 2009 and has been a candidate for membership since 2012. During the intervening years, Brussels has upgraded its demand that Belgrade normalize relations with Kosovo into a de-facto recognition of the breakaway province’s independence, failed to protect the rights of ethnic…

Jamie Dimon, the chief executive of JPMorgan Chase, warned Friday that “treacherous” geopolitical conditions might have a profound impact on the global economy and “the course of history.”“There is significant human suffering, and the outcome of these situations could have far-reaching effects on both short-term economic outcomes and more importantly on the course of history,” Dimon said in the bank’s third-quarter results release.He said his bank has been “closely monitoring the geopolitical situation for some time, and recent events show that conditions are treacherous and getting worse.”Tensions in the Middle East have been on the rise in recent weeks, with…

photo (c) Brantley Gilbert / Instagram Country rocker Brantley Gilbert had a Friday night to remember forever in Tupelo, Mississippi, as he had to run offstage mid-show to help his pregnant wife deliver their baby on a tour bus, during what he called ‘the craziest night of my life’. Gilbert’s wife, Amber, went into labor just as the star begun his set at the Cadence Bank Arena in Tupelo during his ‘Off The Rails Tour’. New York Post reported: “The ‘Bottom Up’ hitmaker shared a video on Instagram capturing the events of the evening as he was suddenly pulled aside…

Mick SchumacherGetty Images The 2025 Formula 1 season promises to deliver one of the most dramatic lineup shakeups in recent memory. With Hamilton’s stunning move to Ferrari, the arrival of four rookies—Kimi Antonelli, Liam Lawson, Jack Doohan, and Ollie Bearman—Sainz’s shift to Williams, and Ocon joining Haas, the grid is brimming with fresh talent and unexpected transfers. Yet, amidst all these changes, one seat remains unclaimed. Sauber has already confirmed Nico Hülkenberg for 2025, but the question lingers: who will be his teammate as the team eyes a crucial turning point? Mick Schumacher Mick Schumacher has emerged as a late…

Reagan star Dennis Quaid called on America to “pick a side” in November and questioned whether the United States was “going to be a nation of law and order or wide open borders.” During Donald Trump’s rally in Coachella, California, on Saturday, Quaid spoke about how “the issues of the 1980” presidential election between former President Ronald Reagan and former President Jimmy Carter are “similar to what they are today.” “I’m here today to tell you that it’s time to pick a side,” Quaid said to the thousands of rally goers. “Are we going to be a nation that stands for the…

(Bloomberg) — Australian Prime Minister Anthony Albanese’s Labor party fell behind the center-right opposition in a closely watched poll of voting intentions, highlighting a tightening race ahead of an election due by May.Most Read from BloombergLabor trailed the Liberal-National coalition 49% to 51% in a Newspoll survey released by The Australian newspaper, the first time it has done so since winning office in 2022. The prime minister’s net approval rating slipped 6 points to negative 14%, leaving him neck-and-neck with Liberal leader Peter Dutton.The ruling Labor party is holding out hope for an interest-rate cut by the Reserve Bank to…