what type of currency- Top Featured

Villeroi, Governor of the Bank of France: No matter what the political situation is, France needs to rectify its public finances.Market news: Russia resumes passenger railway traffic with North Korea.Council of the European Union: Poland will hold the rotating presidency of the Council from January to the end of June 2025.

Without the government's approval, the South Korean National Assembly passed the budget reduction bill for next year. On the 10th, the South Korean National Assembly held a plenary meeting and adopted a cut version of the 2025 budget with a total amount of 673.3 trillion won (about 3.41 trillion yuan). According to Yonhap News Agency, this is the first time that the South Korean National Assembly passed the budget without agreement between the ruling party and the opposition party. In the 300-seat parliament, 278 members voted on the budget, 183 were in favor, 94 were against and 1 abstained. The ruling National Power Party and some opposition party members voted against it. This budget is one of the focal points of the recent struggle between the ruling and opposition parties in South Korea and one of the factors inducing the current political chaos. The original budget proposed by the government was 677.4 trillion won, but the largest opposition party, the Common Democratic Party, demanded a reduction of 4.1 trillion won, mainly involving the government reserve fund, the special activity expenses of the presidential secretary's office and the national security office, the special work expenses and special activity expenses of the procuratorate and the supervision institute. (Xinhua News Agency)In 6 years, Beijing 12345 received 150 million cases, and the satisfaction rate of Beijing 12345 received 97%. The 2024 Beijing reform forum will be held at the National Convention Center from December 18 to 19. On December 10th, the reporter learned from the press conference held by the Information Office of Beijing Municipal People's Government that the annual theme of this year's forum is "People-oriented Modernization of Urban Governance", and a number of theoretical research results will be released at the conference, and the Beijing Declaration on Modernization of Urban Governance (2024) will also be released. The reform of handling complaints immediately has gone through six years, and a group of people are anxious to solve the problem efficiently. In the past six years, the 12345 hotline has received 150 million complaints from the masses and enterprises, and the settlement rate of appeals has increased from 53% to 97%, and the satisfaction rate of appeals has increased from 65% to 97%, further enhancing the people's sense of acquisition, happiness and security. (Beijing Daily)Institution: Sweden's weak economic data highlights the need to further loosen monetary policy. Torbjorn Isaksson, chief analyst of Nordic United Bank, said that the weak economic data in October highlighted the fragility of Sweden's recovery and needed to further loosen monetary policy to support growth. He said that the decline occurred after the sharp decline in September, indicating that the fourth quarter started very weakly. Isaksson said that household consumption fell by 0.3% in the month, which was disappointing and would be a concern of the Swedish central bank. At the same time, the production of the commercial sector decreased by 0.8% in that month, the production of the construction sector increased, and the manufacturing orders remained basically unchanged. "Overall, the October data is weaker than we expected."

Israeli Defense Minister: Israel is establishing a non-threat defense zone in southern Syria.Citigroup's chief financial officer said that investment banking fees may increase by 25% to 30% year-on-year. Income guidance is maintained at the high end of the range of $80 billion to $81 billion.In the third quarter of the United States, the productivity growth of 2.2% was in line with expectations. According to the data of the Bureau of Labor Statistics, the productivity in the third quarter increased by 2.2% year-on-year, which was in line with expectations. The forecast range of 32 economists is 2.1% to 2.8%. The US Bureau of Labor Statistics announced earlier that the initial productivity in the third quarter increased by 2.2%.