PHOTO COLLECTION: US Election 2024 America Votes

Associated Press

This is a collection of photos chosen by AP photo editors.

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  • Russia’s ruble is still worth less than a penny, and the Kremlin’s piggy bank for propping it up is running low

    Russia’s sovereign wealth fund has been tapped repeatedly to prop up the ruble, leaving the Kremlin with less firepower to battle another currency collapse.

  • Morning bid: Trump changes tune on strong dollar

    The dollar is making the early running on Monday, retaking some of last week's losses helped in part by rare words of support from U.S. President-elect Donald Trump. The dollar is also up around 0.5% on the yen and above 150.50 yen per dollar, overshadowing recently more hawkish musings from Bank of Japan Governor Kazuo Ueda who said the next interest rate hikes were "nearing in the sense that economic data are on track". Ueda's comments, combined with data showing Japanese business investment rising at a healthy 8.1% clip in the third quarter, encouraged markets to price in a 65% chance the BOJ will hike by a quarter point to 0.5% at its policy meeting on Dec. 18-19.

  • Milei Touts $50 Billion From Investors Eyeing 30-Year Loopholes in Argentina

    (Bloomberg) -- Argentina would seem to have it all — abundant natural resources, legions of well-educated workers. But it struggles to attract investors because its politicians have a habit of changing the rules on a whim, favoring the state over private enterprise.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionPresident Javier Milei is on a crusade to resolve that persistent grievance by offerin

  • Why the Euro Is Closing in on Parity With the US Dollar Again

    (Bloomberg) -- Since the euro came into existence in 1999, the currency has traded at equal value to the US dollar only a handful of times. The last instance was in 2022, after Russia’s full-scale invasion of Ukraine sparked an energy crisis in Europe and provoked fears of a recession, plunging the currency pair to a 1:1 ratio for the first time in two decades. Now, market watchers see a chance it will happen again. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban Destru

  • Putin approves record defense spending – a third of Russia’s budget

    Russian President Vladimir Putin has approved a record-breaking defense budget, setting aside a staggering third of the government’s total spending as the war in Ukraine drains resources from both sides nearly three years on.

  • Taxpayers could face 1.5% hike if city loses battle over federal properties, court docs show

    When the federal government came up more than $10 million short on some of its annual payments to the City of Ottawa, city staff were sent scrambling."Please treat this as a priority," blared an August 2021 email from a municipal finance official to her staff. The city was frantically trying to figure out how the federal government unilaterally rewrote their spreadsheet calculations."This needs to be done quickly," she emphasized in the email. Court documents obtained by CBC News reveal years of

  • Italy's tax system under scrutiny as study shows it favours rich

    ROME (Reuters) -Italy's tax system is skewed in a way that lets society's wealthiest 7% pay proportionately less tax than low and middle-income earners, a new study shows, fuelling inequality and hurting public finances in one of Europe's most indebted nations. A Treasury spokesperson said the government was against raising taxes and pointed to tax cuts for lower and middle earners in Rome's 2025 budget.

  • Putin makes it official: Russia is all in on defense spending

    A top Russian banker said last week that he expects Russia's economic growth to slow next year.

  • Dollar Strengthens as Trump Targets BRICS

    The WSJ Dollar Index rises 0.6% as markets react to President-elect Trump's threat to slap 100% tariffs on Brazil, Russia, India, China and South Africa. He wants the BRICS countries to drop plans to create a common currency to compete with the dollar, but many economists see their plan as stillborn.

  • Japan Needs Wake-Up Call on Debt, Government Advisor Warns

    (Bloomberg) -- Japan could use a wake-up call over its mountain of debt through credit rating firms warning of the potential for cuts to sovereign bond ratings, according to a government advisor.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic Jams“Recent fiscal policy has turned into a popularity contest,” said Mana Nakazora, a credit analyst on an economic panel advising Prime Minister Shigeru Ishiba

  • Saskatoon council whittles down bigger-than-planned tax increase, passes police budget

    Saskatoon's new-look city council, with six newly elected councillors, has already reduced the proposed tax increase in the 2025 budget.Council approved the 2024-2025 budget in 2023, but city administration recommended a further adjustment to the 2025 plan that would increase property taxes by 0.2 per cent more than originally planned. Property taxes were set to increase by 5.64 per cent, but administration had recommended that be changed to 5.84, due largely to a proposed $1.64-million budget i

  • This is when China is likely to present new 'significant fiscal stimulus' plan: DB

    Investing.com -- Deutsche Bank analysts anticipate that China will unveil a "significant fiscal stimulus" package in March 2025, coinciding with the announcement of a 4.5% growth target.

  • Italy’s tax system is so out of whack that the wealthiest 7% benefit from lesser tax compared with its lowest earners

    One way Italy’s wealthiest take advantage of the tax system is through generational wealth transfer, as inheritance tax is staggeringly low.

  • US job openings rose last month, though hiring slowed, in mixed picture for labor market

    WASHINGTON (AP) — The number of job postings in the United States rebounded in October from a 3 1/2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled.

  • Canada’s Economic Growth Slowed To 1% In Third Quarter

    Canada’s economic growth slowed to an annualized 1% in this year’s third quarter, a marked decline from ...

  • Unions score a major win in Wisconsin with a court ruling restoring collective bargaining rights

    MADISON, Wis. (AP) — Wisconsin public worker and teachers unions scored a major legal victory Monday with a ruling that restores collective bargaining rights they lost under a 2011 state law that sparked weeks of protests and made the state the center of the national battle over union rights.

  • Treasuries Start Week on Back Foot Ahead of Crucial Jobs Data

    (Bloomberg) -- Treasuries fell on Monday as traders looked ahead to US data that may help shape future Federal Reserve interest rate policy.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionListen to the Here’s Why podcast on Apple, Spotify or anywhere you listen.Yields on the US five-year note added as much as six basis points to 4.10% after tumbling a quarter-percentage-point last week. Investors

  • China's Nov factory activity growth hits 5-month high, Caixin PMI shows

    The reading largely echoed an official survey on Saturday, which showed manufacturing activity expanded modestly, suggesting a blitz of stimulus is finally trickling through the world's second-largest economy just as Donald Trump ramps up his trade threats. The Caixin/S&P Global manufacturing PMI rose to 51.5 in November from 50.3 the previous month, the highest since June and beating analysts' forecasts in a Reuters poll of 50.5. President-elect Trump last week pledged an additional 10% tariff on imports from China.

  • ECB's Panetta calls for EU 'productivity compact' to close gap with U.S

    The European Union needs to set up a common spending programme to fund strategic investments that are indispensable to boost productivity and keep pace with the United States, European Central Bank policymaker Fabio Panetta said on Tuesday. A continent-wide "productivity compact" could envisage the issuance of common debt worth 800 billion euros ($841.04 billion) a year for six years through 2030, Panetta said at a speech for the 20th Spain-Italy Dialogue Forum in Barcelona. "The increase in liabilities would be small at central level and used exclusively to boost the productivity of the European economy," he said.

  • Opinion - Biden’s Christmas present for Trump: Sticky inflation

    President Biden's big-spending ways have ensured that the nation's initial progress in inflation reduction is flattening out, keeping inflation rates higher than Federal Reserve Bank officials prefer.