The 10 Most Important Things In The World Right Now | ||
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1. Five major banks, including HSBC, UBS, and JPMorgan Chase, were hit will $3.4 billion in fines for failing to stop bankers from trying to manipulate the foreign exchange market. 2. Authorities also released transcripts as evidence of unacceptable trader behaviour. 3. Australia is monitoring four Russian warships that are nearing its waters. 4. The European Space Agency landed a probe, the Philae lander, on a comet for the first time in history. 5. Scientists are now waiting for more information from the probe and praying that it doesn't bounce off the surface after a harpoon intended to stake the lander into the ground failed to fire. 6. By 2030, China has pledged to cap carbon dioxide emissions and make 20% of energy renewable, although experts say the measures don't go far enough and it's not clear how the country plans to achieve these goals, The New York Times reports. 7. Russia said its airforce will begin conducting air patrols from the Arctic Ocean to the Caribbean and the Gulf of Mexico for the first time since the end of the Cold War. 9. Hasbro is reportedly in talks to buy DreamWork Animation. 10. Taylor Swift reports she earned $2 million, significantly less than the $6 million Spotify CEO Daniel Ek claimed top artists would pull in over the next year. And finally ... Former US presidents George W. Bush and Bill Clinton had a funny exchange on Twitter and Instagram. Join the conversation about this story »  | ||
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Good morning! Here's what you need to know for Tuesday. Spain's Deflation Just Lifted To -0.1% | ||
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We've got inflation figures for Europe's four biggest economies this morning, we'll update this post as they roll out: Spain's inflation figures rose a little: prices are still in decline, down by 0.1% in the year to October, but that's not as bad as September's 0.2%, which analysts had expected to see repeated. France's inflation for October came in at 0.5%, it's marginally higher than the 0.4% recorded in September, but still way below the 2% target at the ECB. Germany's consumer price index officially came in at 0.8% on the second estimate, as expected. Prices were down 0.3% from September to October. We've got the second reading of inflation for Italy to follow Thursday morning, looking out for any signs of higher or lower price pressure than the first estimates showed. Just as a reminder, here's how the situation stands at the moment in Europe: inflation is down to very nearly zero.
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