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The US dollar has stabilized this week as markets eagerly anticipate a 25 basis point interest rate cut from the Federal Reserve at its December 9-10 meeting, which would be the third reduction this year. This expected move, lowering the federal funds rate to 3.75%-4.00%, reflects strong market conviction despite mixed economic data and internal divisions among Fed officials balancing inflation concerns with a cooling labor market.
India's largest airline, IndiGo, is facing its third consecutive day of severe operational disruptions, leading to over 550 flight cancellations and stranding thousands of passengers due to a critical shortage of pilots and crew. This chaos stems from "misjudgment and planning gaps" in implementing new Flight Duty Time Limitations, prompting a surge in airfares on other carriers and calls for stabilization from aviation authorities, with IndiGo expecting resolution by February 10, 2026.
The global economy is projected to face a significant slowdown in 2025, with growth decelerating to 2.6% due to escalating financial volatility and geopolitical uncertainty, severely impacting developing nations. Simultaneously, a "relentless contemporary crisis" of modern slavery now traps an estimated 50 million people worldwide, exacerbated by global crises like conflicts and climate change that heighten vulnerability to exploitation.
San Francisco has filed an unprecedented lawsuit against ten major food manufacturers, including Coca-Cola and Nestlé, alleging their ultra-processed foods are directly fueling a public health crisis. This groundbreaking legal action, announced on December 2, 2025, seeks to hold these corporations accountable for diseases like Type 2 diabetes and cancer, claiming they deliberately engineered addictive products and disproportionately harmed vulnerable communities.
A new UNCTAD report paints a challenging picture for the global economy, projecting a slowdown in growth to 2.6% in 2025 due to financial market volatility and geopolitical uncertainty, which disproportionately burdens developing economies. This economic deceleration is tragically compounded by a surge in modern slavery, now affecting 50 million people globally, highlighting the profound human cost intertwined with increasing global instability.
A critical software vulnerability has triggered an unprecedented global recall of up to 6,000 Airbus A320 family aircraft, causing widespread flight disruptions and impacting millions of travelers worldwide. This massive recall, initiated on November 28-29, 2025, follows a serious in-flight incident and mandates urgent fixes to address a susceptibility where solar radiation could corrupt critical flight control data, as directed by aviation authorities.
The global economy is currently in a complex transition as 2025 approaches, balancing resilient growth against persistent inflation and escalating geopolitical and trade uncertainties. Despite avoiding a full-scale recession, global GDP is projected to slow from 3.3% in 2024 to 3.2% in 2025, with advanced economies facing subdued growth while emerging markets show robust expansion.
Airbus has issued a massive global recall for its A320 family aircraft, impacting thousands of planes worldwide, due to concerns that intense solar radiation could corrupt critical flight control data. This urgent directive, prompted by a recent mid-air incident and subsequent EASA directive, mandates immediate software or hardware modifications to prevent "uncommanded pitch-down" events, causing significant operational disruptions and flight cancellations globally.
Australian businesses significantly boosted their capital expenditure by 6.4% in the third quarter of 2025, marking the strongest quarterly rise in over four years and signaling a robust economic recovery. This impressive surge was primarily driven by dynamic non-mining sectors, particularly the rapid expansion of data centers and the acquisition of new aircraft, highlighting a notable shift in the nation's economic drivers.
India's economy experienced a remarkable surge, expanding by an impressive 8.2% in the July-September quarter of fiscal year 2025-26, marking its fastest growth in six quarters and significantly surpassing most economic forecasts. This robust expansion was primarily fueled by a strong rebound in the manufacturing sector and sustained vigorous activity in the services sector, leading to widespread expectations that India's full-year growth will comfortably exceed 7%.
A major technical malfunction at CME Group on Black Friday, November 28, 2025, brought trading to a standstill across critical foreign exchange, commodities, and stock futures markets, causing widespread uncertainty. This significant disruption to one of the world's largest derivatives marketplaces underscored the fragility of interconnected electronic trading systems and immediately raised concerns among regulators about systemic risk and operational resilience.
The U.S. Environmental Protection Agency (EPA) has finalized a significant rule extending compliance deadlines for the oil and gas industry, reversing stringent mandates originally established by the Biden-Harris administration. Announced on November 26, 2025, this decision by the Trump EPA aims to provide an estimated $750 million in financial relief over 11 years, addressing industry concerns over "unrealistic regulations" and operational challenges.