EUR/USD
1.15931
-0.021%
Gold
4179.68
0.546%
Oil
58.875
-0.190%
USD/JPY
156.453
0.099%
GBP/USD
1.32348
-0.035%
GBP/JPY
207.066
0.077%
Real-time News
November 28th - UK industry data shows that UK car production fell 23.8% to 59,010 units in October, continuing to be affected by the major cyberattack suffered by Jaguar Land Rover, the UKs largest car manufacturer. Jaguar Land Rover, the luxury car brand under Tata Motors, shut down its systems to control the cybersecurity incident, resulting in a six-week shutdown of its UK factories and losses of £196 million (approximately US$259 million), with production only resuming in early October. The Society of Motor Manufacturers and Traders (SMMT) stated that overall car production, including commercial vehicles, fell 30.9% to 62,116 units in October. However, driven by government green targets and other policies, production of electric, plug-in hybrid, and hybrid vehicles bucked the trend, increasing by 10.4% to 27,287 units, accounting for nearly half of the total production for the month.LG Electronics plans to inject 200 billion won for shareholder returns and to improve its financial situation.Market news: Alarms are sounding in Kyiv, Ukraine.According to the Brazilian newspaper Folha de S.Paulo, Petrobras has approved a $109 billion business plan for the period from 2026 to 2030.On November 28th, according to the Financial Times, Belgian Prime Minister Barthes de Wever warned that rushing the EUs plan to use frozen Russian assets to raise €140 billion in loans for Ukraine would undermine the possibility of a peace agreement. In a letter to European Commission President Ursula von der Leyen, de Wever outlined three key conditions: EU member states must provide legally binding joint guarantees for €185 billion in Russian assets held in trust at Eurobank; they must share potential litigation costs; and other EU member states must also contribute their frozen Russian assets to the loan program. De Wever emphasized in the letter that "rushing into a compensation loan program would lead to collateral damage – as the EU, we are effectively hindering the final peace agreement." He also proposed an alternative: the EU should utilize its untapped borrowing capacity under the budget framework to provide €45 billion in aid to Ukraine. While most EU countries support this loan program, Belgium, as the main trustee of Russian assets, is concerned about potential Russian retaliation and legal risks.
