Friday 25 April 2025
The Mighty Headlines
Economics: Germany set for no economic growth in 2025
Business: Google reports over $90 billion in revenue for Q1 2025
Markets: US stocks rise on prospect of interest rate cuts
Foreign Affairs: US to demand that Russia allows Ukraine its own military
Security and intelligence: Pakistan suspends peace treaty with India
Domestic politics: UK and Ireland could reach deal on Troubles in “weeks”
The Mighty Stats
FTSE = 8,407.44 (up 0.051%)
S&P 500 = 5,484.77 (up 2.03%)
Nasdaq = 17,166.04 (up 2.74%)
CAC40 = 7,502.78 (up 0.27%)
£1 = $1.33 / €1.17
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The Mighty Detail
Economics: The German Government has cut its growth forecast for the year to zero, citing the impact of US tariffs. It now faces a third consecutive year without growth. Last year, Germany’s economy shrank by 0.2 per cent. In 2023, it shrank by 0.3 per cent.
Business: Google’s parent company, Alphabet, reported revenue of $90.2 billion in Q1, beating analysts’ estimates. Revenue of $89.1 billion had been expected. Google’s search engine generated $50.7 billion in revenue while Google’s cloud service brought in $12.3 billion.
Markets: US stocks rose yesterday on the news that the Federal Reserve could cut interest rates before the summer and that global trade tensions are easing. The Chair of the Cleveland Federal Reserve said that rates could be cut as soon as June while US Treasury Secretary Scott Bessent said that an “agreement on understanding” with South Korea on trade could come next week.
Foreign Affairs: There are reports that the US intends to demand that Russia accepts Ukraine’s right to its own military as part of peace negotiations. Additional concessions could include Russia returning the Zaporizhzhia nuclear plant and returning land in Kharkiv.
Security and intelligence: Pakistan has suspended the Simla peace treaty with India following an Islamist militant attack in Indian Kashmir which killed 26 people on Tuesday. India has linked the attacks to Pakistan. Pakistan denies involvement.
Domestic politics: The UK and Irish Governments have said that an agreement on resolving issues from the Troubles could be reached “within weeks”. They largely relate to how to deal with killings during the conflict in Northern Ireland. The UK’s Northern Ireland Secretary met the Irish Deputy Prime Minister at the British-Irish Intergovernmental Conference in Northern Ireland yesterday.
The Mighty Calendar
What’s happening today?
Australia and New Zealand public holiday (ANZAC Day)
ANZAC services at Westminster Abbey, London
National Rifle Association annual meeting begins, Atlanta, Georgia
UK, Canada retail sales data (March)
Private Members’ Bills in UK Parliament
Company results from: Colgate-Palmolive
Lookahead to the weekend
Saturday
Just Stop Oil holds final demonstration in Westminster, London
White House Correspondents’ Association annual dinner, Washington DC
Koningsdagviering “King’s Day” Celebration at the Dutch Church, London
Guinness Women’s Six Nations: Italy vs Wales
Guinness Women’s Six Nations: Scotland vs Ireland
Guinness Women’s Six Nations: England vs France
Sunday
London Marathon
Women’s Golf Major: The Chevron Championships, Texas
The Mighty Finale
🌤️Weather today
Light rain in the southwest. Cloudy in the northwest and sunny spells everywhere else. High of 16C and low of 8C in London. Light rain in Belfast. Sunny spells in Edinburgh.
✏️Life coaching quote of the day
“What really frightens and dismays us is not external events themselves, but the way in which we think about them. It is not things that disturb us, but our interpretation of their significance.” – Epictetus, ancient philosopher
Mighty takeaway: Change your interpretation of events to a happier one. You will become happier too. It’s your choice.
That’s it for this week. Thanks for reading and we’ll see you next week.
Adios!
The Mighty Memo team