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The Latest Breaking News from ING

Three Options for Retirees with an Old (Forgotten) Annuity

Did you buy an annuity in the 2000s? If it’s been out of sight and out of mind since then, it's time to dust it off and start making it pay for your retirement.

Kiplinger

German Fortune 500 companies announced over 60,000 layoffs this year

German giants including Bosch, Thyssenkrupp, and Deutsche Bahn have axed thousands of jobs this year.

Fortune

Three Ways to Help Your Adult Children Without Spoiling Them

Retired and lucky enough to have extra money? Consider these three positive and practical ways to help out your adult kids financially.

Kiplinger

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'Retaliate': Trump Tariff Talk Spurs Global Jitters, Preparations

Donald Trump's tariff threats have rattled foreign businesses and governments, with many fearing it could signal the opening salvo of an all-out trade war when he returns to the White House next year.

International Business Times

Trump's victory could make life harder for Hong Kong—and that may be good news for Singapore's banks

Banks like Singapore's OCBC are poised to gain from Chinese investment into Southeast Asia—now potentially supercharged by a new Trump trade war.

Fortune

Trump’s tariff threat sets stage for bitter global trade war

Trump intends to hit Canada, Mexico and China with tariffs, which experts say will risk retaliation and a damaging economic war

The Guardian - US

Trump’s talk of tariffs raises fears of hit to economies worldwide

Tariffs on Mexican, Canadian and Chinese goods threaten not just those nations but global economic growth

The Guardian - UK

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Trump threatens China, Mexico and Canada with new tariffs. But what does this actually mean for Americans’ pockets?

On the campaign trail, Trump claimed to his supporters that tariffs are ‘not going to be a cost to you, it’s a cost to another country.’ Economists warn this isn’t the case

The Independent UK

The Three Financial Questions Every Retiree Asks (or Should)

Unless you can answer these three important questions, you may be at risk for the biggest retirement worry there is: Running out of money.

Kiplinger

German GDP Downgraded In New Blow For Struggling Economy

German third-quarter growth was downgraded Friday with official data showing it expanded even more weakly than previously thought, in a new blow for Europe's top economy as it battles multiple headwinds.

International Business Times

Why has inflation increased and what does it mean for households?

Inflation lifted to its highest level since April last month, according to official data.

The Independent UK

Global stocks weaken amid ‘lacklustre’ UK economic growth data

London’s FTSE 100 struggled to maintain gains from earlier in the day and closed 7.58 points lower, or 0.09%, at 8,063.61.

Evening Standard

China's 'Singles Day' Shopping Spree In Spotlight As Spending Flags

China's largest online shopping bonanza wraps up on Monday, with analysts and investors watching for signs that consumption is rebounding in the world's second-largest economy after recent efforts by Beijing to boost activity.

International Business Times

Trump’s trade tariffs: how protectionist US policies will hit German carmakers

‘Shifts in production’ expected if baseline tariffs on imported goods are imposed to benefit US auto manufacturing

The Guardian - UK

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International Business Times

China Poised To Approve More Help For Ailing Economy

China is expected to unveil a huge support package for the struggling economy Friday as officials wrap up a key meeting with an eye on the possibility of intensified trade tensions with US president-elect Donald Trump.

Evening Standard

Bank says ‘gradual approach’ to interest rate cuts needed after Budget

Andrew Bailey said it would ‘help us to observe’ how the tax measures would play out for the economy.

The Independent UK

Pressure piles on Germany’s Scholz to hold quick elections after coalition collapses

The political breakdown follows sacking of the finance minister

International Business Times

German Big Business Calls For Early Vote, Economic Vision

German big business groups demanded almost in unison Thursday that embattled Chancellor Olaf Scholz call elections soon to restore political stability in Europe's stuttering top economy.

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The Independent UK

Interest rates live updates: Bank of England base rate cut to help slash mortgage bills

Inflation fell below the Bank of England’s 2% target in September for the first time in three years

The Guardian - UK

City analysts overwhelmingly predict Bank of England interest rate cut

Rare agreement among forecasters gives 96% chance of today’s MPC meeting cutting borrowing costs to 4.75%

Evening Standard

Bank of England poised to cut UK interest rates for second time this year

Most economists think policymakers at the Bank of England will opt to reduce interest rates to 4.75% on Thursday.

The Guardian - UK

Clashes over budget could push Germany’s ailing coalition to collapse

With contradictory proposals unlikely to mesh, leaders to decide whether there is scope for alliance to continue

Fortune

Europe is holding its breath to see what a Trump or Harris win might mean for the region

Experts predict that a Trump or Harris presidency could have different outcomes for Europe's economy, competitiveness, and geopolitics.

Fortune

German bosses blame economic woes on young 'work-shy' employees calling in sick

Germany's economy would have grown by 0.5% instead of contracting last year if illness wasn't so high, researchers say.

The Guardian - UK

US economy added only 12,000 jobs in October in shock pre-election drop – as it happened

Live, rolling coverage of business, economics and financial markets as non-farm payrolls numbers deliver economic surprise days before presidential election

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