Another wave of warning strikes hit Volkswagen factories across Germany on Monday, as tens of thousands of workers walked out to protest against the automaker’s controversial cost-cutting plans, which include mass layoffs…
Category: Economics
Trump’s proposed tariffs could trigger retaliatory measures
Economists have warned that U.S. President-elect Donald Trump’s proposed tariffs could trigger retaliatory measures, leading to significant losses for California’s agriculture industry, The Los Angeles Times reported on Sunday. A recent analysis,…
France: New prime minister “within the coming days”
French President Emmanuel Macron said on Thursday evening that he will nominate a new prime minister “within the coming days” to replace Michel Barnier, who was ousted in a no-confidence vote the…
Barnier hand in his government’s resignation
French Prime Minister Michel Barnier arrived at the Elysee Palace on Thursday morning to hand in his government’s resignation to President Emmanuel Macron after the government was overturned by a parliamentary no-confidence…
Crude oil deliveries from Russian pipeline to the Czech Republic have ceased
Crude oil deliveries from Russia’s Druzhba pipeline to the Czech Republic have currently ceased, Czech Industry and Trade Minister Lukas Vlcek said on Wednesday. “At the moment, no oil is flowing to…
Economic growth in the eurozone expected to slow
Economic growth in the eurozone is expected to slow in the short term, with medium-term prospects remaining uncertain and dominated by downside risks, European Central Bank (ECB) President Christine Lagarde said in…
Lowered growth forecasts for Israel for 2024 and 2025
The Organization for Economic Cooperation and Development (OECD) on Wednesday lowered its growth forecasts for Israel for 2024 and 2025. According to the organization’s semi-annual economic outlook report, Israel’s gross domestic product…
Christodoulides speech at EY Cyprus Attractiveness Forum 2024 – Full Text
It is with great pleasure that I address the EY Attractiveness Forum 2024. Events like this, along with the EY Attractiveness Reports, serve as vital tools for governments and businesses alike. They…
Consumers across Europe are spending cautiously on holiday gifts
As Black Friday ushers in the 2024 Christmas shopping season, consumers across Europe are spending cautiously on holiday gifts, amid a sluggish economic recovery and declining consumer confidence. “All prices have gone…
EIB to support investment in the EU’s battery sector
The European Commission and the European Investment Bank (EIB) formed a partnership to support investment in the EU’s battery sector, the Commission said in a statement on Tuesday. The partnership will offer…