The US Federal Reserve expects only two interest rate cuts of 0.25 percentage points in 2025, not four as projected in September. This resulted in a sharp decline in the stock market…
Category: Economics
Institute: German economy has shrunk
The German economy has shrunk by around 0.2 percent this year, according to a forecast from the Institute for Macroeconomics and Economic Research (IMK) in Düsseldorf. IMK estimated in its previous analysis…
Still no agreement between Volkswagen and unions
German carmaker Volkswagen has still not reached an agreement with unions after talks began on Monday. In the fall, the carmaker announced that several thousand full-time jobs would have to be cut…
Cyprus: Price Index of Construction Materials: November 2024
The Price Index of Construction Materials for November 2024 reached 117,26 units (base year 2021=100), recording a marginal increase of 0,07% compared to the previous month. Compared to the same month of…
Cyprus: Harmonised Index of Consumer Prices (Hicp): November 2024
The HICP rose by 2,2% between November 2023 and November 2024, and decrease by 1,0% in the month between October 2024 and November 2024. For the period January – November 2024, the…
Cyprus: Labour Cost Index: 3rd quarter 2024
Based on provisional data, in the 3rd quarter of 2024, the hourly labour costs (total cost) increased by 4,0%, compared with the same quarter of the previous year. The two main components of…
Honda and Nissan consider merging
Japanese car companies Honda Motor and Nissan Motor have begun talks about merging, reports the Japanese financial newspaper Nikkei. The goal of a merger is to compete better against Tesla and other…
Amazon has expanded into online car sales with the launch of Amazon Autos
Amazon has expanded into online car sales with the launch of Amazon Autos, an e-commerce business that lets customers find and buy new cars, trucks, and SUVs from dealerships. Amazon is kicking…
Gloomy outlook for German economy
Expectations for the German economy unexpectedly declined sharply last month, according to the Ifo analysis agency. The weakness of the German economy has become chronic, says Ifo CEO Clemens Fuest after the…
Credit rating agency Moody’s has downgraded France
Credit rating agency Moody’s has downgraded France, following months of political crisis and the appointment of centrist politician François Bayrou as prime minister. The country now has a rating of Aa3, which…