Under the changes adopted on 13 November, a new Federal Constitutional Court (FCC) has been given powers over constitutional cases, replacing the previous authority of the Supreme Court, which will now only deal with civil and criminal cases.
Amidst a whirlwind of political drama, a judge has commenced an inquiry into some of the actions of the Trump administration. In a strange turn of events, two flights carrying Venezuelan refugees were rerouted to El Salvador instead of returning to the US. The judge suspects his directives were disregarded and is now requesting formal statements from involved officials.
Airbus A320 recall: In one of the biggest recall in aviation history, Airbus issued an advisory for its Airbus A320 aircraft. The directive was issued after a critical software flaw was found during a flight in October 30 which experienced sudden plunge. As per the investigation, an intense solar radiation corrupted the data, causing the aircraft to plunge. This led to a global recall of thousands of A320-family jets.
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Indian markets saw a surge in stock prices on Friday. Retail and technology sectors led the gains. Investors anticipated a Federal Reserve interest rate cut. Major indexes recorded weekly gains. The Nasdaq experienced a monthly decline due to AI valuation concerns. A CME Group outage briefly disrupted trading. The holiday shopping season commenced with Black Friday and Cyber Monday.
European shares concluded Friday higher, extending a strong weekly and monthly advance. Optimism surrounding potential U.S. rate cuts fueled gains, with the banking sector notably performing well. Basic Resources also led Friday's rise, driven by record copper prices, while aerospace and defence stocks faced pressure amid Ukraine peace talks.
U.S. Treasury yields edged higher on Friday amidst thin trading volumes following the Thanksgiving holiday and a significant CME Group trading platform outage. While futures trading resumed after an 11-hour shutdown, markets remained subdued. Investors are anticipating a potential Federal Reserve interest rate cut, leading to a slight steepening of the yield curve as the month concludes.
Andriy Yermak's removal deals a serious blow to Zelensky, who faces a mounting Russian offensive in the east as Washington peddles a plan to end the war that Kyiv fears will hand big concessions to Moscow.
