NATION AND STATE

Strategists Aren’t Counting On A European Recovery In 2023 By Michael Msika, Bloomberg Markets Live reporter and analyst

If you’re wagering on a big recovery for European stocks after what’s set to be their worst year since 2018, you may be in for a disappointment.

The Stoxx Europe 600 Index will end 2023 at 449 points, according to a Bloomberg survey of 14 strategists, indicating gains of less than 2% versus Monday close. The poll shows that market watchers aren’t convinced about the longevity of a rally that has put the benchmark on track for its best quarter since 2015,

Germany Arrests Dozens Accused Of Plotting To Overthrow Government Over two-dozen people were arrested in Germany on Wednesday for allegedly plotting to overthrow the government, the NY Times reports.

Around 3,000 German police and Special Forces officers were involved in the operation to detain individuals believed to be members of a domestic terrorist organization formed in late 2021, Reichsbürger [Citizens of the Reich] movement, with planned to overthrow the government and form their own state.

According to prosecutors, the group

Watch: Mass Riots Hit Europe After Morocco’s World Cup Victory Against Spain Authored by John Cody via Remix News,

Following Morocco’s shock World Cup penalty shoot-out victory over the Spanish national team on Tuesday, Moroccan fans have once again rioted across multiple countries, including Spain, France, Italy, Belgium, and the Netherlands.

The scenes of chaos mark the third time Moroccan fans have rioted following a World Cup victory, with the first two times last month already drawing condemnation. ...read more

DWS CEO Will “Tone Down” Hyped-UP ESG Sales Pitches Amid Greenwashing Scandal The police raid on Deutsche Bank AG and its asset management arm, DWS Group, in Frankfurt, Germany, earlier this year was a wake-up call for the entire asset management industry because the days of exaggerating green investments in environmental, social and governance (ESG) products has come to an end. 

In October, a German consumer group sued DWS for allegedly misrepresenting its green credentials in marketing materials — this is a practice known as “greenwashing.” 

Now Bloomberg reports CEO Stefan Hoops, who took office in June amid a greenwashing

UK Warned By Farmers That It Is Facing A Food Supply Crisis Authored by Owen Evans via The Epoch Times,

In an emergency press conference, the National Farmers Union (NFU) said the government needed to step in to assist farmers who are under severe strain.

The British farming industry is facing major issues across almost all sectors, with the price of animal feed and nitrogen fertiliser, and fuel skyrocketing. The union warned that yields of crops will likely slump to record lows this year with farmers also considering reducing the size of their herds.

...read more