{"id":74188,"date":"2026-11-05T05:38:11","date_gmt":"2026-11-05T09:38:11","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-economic-roundup-norges-bank-holds-rates-amid-inflation-concerns-micron-halts-4-5b-taiwan-project\/74188\/"},"modified":"2026-11-05T05:38:11","modified_gmt":"2026-11-05T09:38:11","slug":"global-economic-roundup-norges-bank-holds-rates-amid-inflation-concerns-micron-halts-4-5b-taiwan-project","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-economic-roundup-norges-bank-holds-rates-amid-inflation-concerns-micron-halts-4-5b-taiwan-project\/74188\/","title":{"rendered":"Global Economic Roundup: Norges Bank Holds Rates Amid Inflation Concerns; Micron Halts $4.5B Taiwan Project"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-economic-roundup-norges-bank-holds-rates-amid-inflation-concerns-micron-halts-4-5b-taiwan-project\/74188\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-economic-roundup-norges-bank-holds-rates-amid-inflation-concerns-micron-halts-4-5b-taiwan-project\/74188\/#Norges_Bank_Maintains_Restrictive_Stance\" >Norges Bank Maintains Restrictive Stance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-economic-roundup-norges-bank-holds-rates-amid-inflation-concerns-micron-halts-4-5b-taiwan-project\/74188\/#Micron_Halts_Major_Taiwan_Expansion\" >Micron Halts Major Taiwan Expansion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-economic-roundup-norges-bank-holds-rates-amid-inflation-concerns-micron-halts-4-5b-taiwan-project\/74188\/#Aviation_Security_Dublin-Rome_Flight_Diverted\" >Aviation Security: Dublin-Rome Flight Diverted<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-economic-roundup-norges-bank-holds-rates-amid-inflation-concerns-micron-halts-4-5b-taiwan-project\/74188\/#UK_Automotive_Market_Driven_by_EV_Surge\" >UK Automotive Market Driven by EV Surge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-economic-roundup-norges-bank-holds-rates-amid-inflation-concerns-micron-halts-4-5b-taiwan-project\/74188\/#Italian_Retail_Sales_Rebound_in_September\" >Italian Retail Sales Rebound in September<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Norges Bank maintained its policy rate at 4.50%<\/strong>, signaling that a restrictive stance remains necessary as inflation continues to track markedly above the 2% target.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/MU\" data-internallinksmanager029f6b8e52c=\"20\" title=\"Stock: MU\">Micron<\/a> Technology (<a href=\"\/stock\/MU\">MU<\/a>) suspended work on a $4.5 billion memory chip plant in Taiwan<\/strong> following a prolonged labor dispute over bonuses and profit-sharing.<\/li>\n<li><strong>An Airbus (<a href=\"\/stock\/AIR\">AIR<\/a>) A320 flight from Dublin to Rome was diverted to a French military airbase<\/strong> due to a mid-air bomb alert, marking the latest in a series of aviation security threats in Europe.<\/li>\n<li><strong>UK new car registrations grew by 5.4% in October<\/strong>, driven by record-high demand for battery electric vehicles (BEVs), which captured a 32% market share.<\/li>\n<li><strong>Italy&#39;s retail sales showed mixed results for September<\/strong>, with a sharp 1.6% month-on-month rebound despite a cooling annual growth rate of just 0.1%.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Norges_Bank_Maintains_Restrictive_Stance\"><\/span>Norges Bank Maintains Restrictive Stance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Norges Bank<\/strong> Monetary Policy and Financial Stability Committee voted to keep the policy deposit rate at <strong>4.50%<\/strong> on Thursday. Governor <strong>Ida Wolden Bache<\/strong> emphasized that while the economy is cooling, inflation remains &quot;markedly above target,&quot; necessitating an elevated rate for the foreseeable future. The central bank noted it remains prepared to hike rates further if the Norwegian krone weakens or if inflation proves more persistent than projected.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Micron_Halts_Major_Taiwan_Expansion\"><\/span>Micron Halts Major Taiwan Expansion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Micron Technology (<a href=\"\/stock\/MU\">MU<\/a>)<\/strong> has reportedly halted construction on its new <strong>$4.5 billion<\/strong> semiconductor facility in Taiwan. The decision follows an escalating labor dispute with local unions in Taoyuan over &quot;opaque&quot; profit-sharing structures and bonus payouts. While a deal was recently reached with workers at its Taichung site, the work stoppage at the new plant threatens to tighten the global supply of high-bandwidth memory (HBM) chips critical for <strong>AI infrastructure<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Aviation_Security_Dublin-Rome_Flight_Diverted\"><\/span>Aviation Security: Dublin-Rome Flight Diverted<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>An <strong>Airbus (<a href=\"\/stock\/AIR\">AIR<\/a>)<\/strong> A320, operated by <strong>Aer Lingus<\/strong> as flight EI402, was forced to divert to the <strong>\u00c9vreux-Fauville Air Base<\/strong> in France on Thursday morning. The diversion was triggered by a bomb alert while the aircraft was transiting French airspace. French Prime Minister <strong>Sebastien Lecornu\u2019s<\/strong> office confirmed the situation is being monitored closely, noting that this follows several hoax threats targeting European carriers earlier this week.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"UK_Automotive_Market_Driven_by_EV_Surge\"><\/span>UK Automotive Market Driven by EV Surge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The UK&#39;s new car market recorded its 11th consecutive month of growth in October, with registrations rising <strong>5.4%<\/strong> to <strong>152,730 units<\/strong>. According to the <strong>SMMT<\/strong>, battery electric vehicles (BEVs) reached a record <strong>32.0%<\/strong> market share as manufacturers utilized heavy discounting to meet regulatory mandates. Despite the volume growth, industry leaders warned that current demand levels for EVs are being artificially supported by &quot;unsustainable&quot; price cuts.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Italian_Retail_Sales_Rebound_in_September\"><\/span>Italian Retail Sales Rebound in September<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from <strong>Istat<\/strong> revealed that Italian retail sales surged <strong>1.6%<\/strong> month-on-month in September, significantly outperforming analyst estimates of <strong>0.1%<\/strong>. However, the year-on-year growth slowed to <strong>0.1%<\/strong>, down from <strong>0.5%<\/strong> in August, reflecting a broader cooling in consumer spending power. The monthly spike was largely attributed to a recovery in non-food sales, which had struggled during the summer months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Norges Bank maintained its policy rate at 4.50%, signaling that a restrictive stance remains necessary as inflation continues 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