Greece sees economy growing by 2.4% in 2026 draft budget

The US federal government is now in its sixth day of a shutdown, raising concerns about potential layoffs for federal workers. This situation arises from a budget impasse in Congress, which has left many agencies unable to operate normally. The implications of this shutdown are significant, as it not only affects government employees but also disrupts services that millions of Americans rely on. As negotiations continue, the urgency to resolve the budget issues becomes increasingly critical.

Goldman Sachs has raised its forecast for copper prices in 2026, signaling a positive outlook for the metal's market. This adjustment reflects anticipated demand growth, particularly in sectors like electric vehicles and renewable energy, which rely heavily on copper. Investors and industry stakeholders are likely to view this news favorably, as rising copper prices can indicate a strengthening economy and increased industrial activity.

Greece is projecting a robust economic growth rate for 2026, signaling a positive outlook for the country's financial future. This forecast is significant as it reflects the government's efforts to stabilize and enhance the economy after years of challenges. A growing economy can lead to increased job opportunities and improved living standards for citizens, making this news particularly important for both local and international stakeholders.

HSBC has raised its stock price target for ASML to EUR 1,018, reflecting a strong growth outlook for the company through 2026. This adjustment highlights investor confidence in ASML's future performance, particularly in the semiconductor industry, which is poised for significant advancements. Such positive forecasts can influence market trends and investor decisions, making it an important development for stakeholders.

Greece is on track to achieve a significant milestone, with forecasts indicating that its debt ratio will drop to pre-bailout levels by 2025. This is a remarkable turnaround for a country that faced severe financial challenges over the past decade. The reduction in borrowings reflects improved economic stability and could boost investor confidence, making it a pivotal moment for Greece's recovery.

UK construction firms are facing a significant downturn, potentially marking their longest slump since the financial crisis. A recent survey highlights that uncertainty surrounding the upcoming budget is heavily impacting the sector. This situation is concerning as it not only affects builders but also has broader implications for the economy, signaling a lack of confidence and investment in future projects.

The potential US government shutdown raises concerns about the publication of key economic data, which could impact markets and decision-making. If federal agencies halt operations, important reports on employment, inflation, and growth may be delayed, leading to uncertainty for businesses and investors. Understanding these implications is crucial as they can influence economic forecasts and policy decisions.

The Tories are set to announce additional cuts to the foreign aid budget, aiming to restore their image of fiscal responsibility following the controversial Truss mini-budget. This move raises concerns about the impact on international aid and the party's commitment to global responsibilities, highlighting a significant shift in priorities that could affect vulnerable populations.

The U.S. Treasury Department is moving forward with plans to introduce a commemorative $1 coin featuring former President Donald J. Trump in 2026, coinciding with America's 250th Anniversary. This initiative not only honors a significant milestone in American history but also reflects the ongoing interest in commemorative coins that celebrate influential figures. The coin could become a collector's item, sparking conversations about Trump's legacy and the nation's history.

In a strategic move, President Macron has appointed a loyalist to tackle the ongoing budget challenges in the French government. This decision is significant as it reflects Macron's commitment to fiscal responsibility and reform, aiming to stabilize the economy and regain public trust. The new appointee is expected to bring fresh perspectives and effective solutions to the pressing financial issues, which could ultimately enhance the government's credibility and effectiveness.

French Prime Minister has appointed Roland Lescure, a loyalist of President Emmanuel Macron, as the new finance minister. This strategic move aims to strengthen the government's position in passing the upcoming budget. Lescure, who has been part of the centrist En Marche movement since 2017, brings valuable experience to the role, which is crucial for navigating the complexities of fiscal policy and ensuring economic stability.

Universal Pictures is taking a firm stance on the budget for the final Fast & Furious movie, stating that it will only proceed if costs are reduced to $200 million. This decision comes after the studio invested a staggering $1.1 billion in the last three films of the franchise. This move highlights the financial pressures in Hollywood and the need for studios to manage budgets more effectively, especially for blockbuster franchises.

More retirees are turning to inflation-protected annuities, which offer increasing income over time, reflecting a growing trend in financial planning. This shift is significant as it helps retirees safeguard their purchasing power against inflation, ensuring they can maintain their standard of living. Additionally, many are opting for enhanced rates due to health issues, which highlights the importance of tailored financial solutions in retirement planning.

Pope Leo XIV is set to implement changes in the management of the Holy See's financial investments, which will reduce the influence of the Vatican Bank. This move is significant as it reflects the Pope's intention to enhance transparency and accountability in the Church's financial dealings, potentially impacting how funds are managed and invested in the future.

JPMorgan has announced a leadership change in its European banking division, with Filippo Gori stepping down and Conor Hillery and Matthieu Wiltz taking over as co-heads. This shift is significant as it reflects the bank's strategy to strengthen its regional presence and operations, especially after Gori managed the role from New York. Such changes can impact how the bank navigates the European market and responds to local challenges.

The UK's tax authorities, HMRC, are investigating the finances of George Cottrell, a key ally of Nigel Farage and supporter of Reform UK. This scoping exercise is focused on Cottrell's income and tax residency, raising questions about his business dealings. This matters as it highlights the scrutiny faced by political figures and their associates, especially regarding financial transparency and accountability.

Angola is looking to re-enter the eurobond market this year as the risk premium on its international debt decreases. This is significant because it indicates a recovery in investor confidence, especially as other African nations are also returning to the market. A successful eurobond sale could provide Angola with much-needed funds to support its economy, which has been heavily reliant on oil revenues.

Cory Doctorow's new book 'Enshittification' is stirring up conversations in the tech world, challenging the status quo and urging readers to rethink the impact of technology on society. This book matters because it addresses critical issues like digital rights and corporate power, encouraging a more informed public discourse about the future of technology.