“When the United States and Greece work together, we all benefit,” said US Ambassador to our country Jeffrey Payat, speaking at the GREEK ECONOMIC SUMMIT 2021 conference in Athens, organized by the Hellenic-American Chamber of Commerce in collaboration with the Athens Stock Exchange, with the strategic support of the US Chamber of Commerce and the […]
Tag: International financial news
The pandemic has increased the share of the super-rich in world wealth
The share of billionaires in household wealth increased to a record high during the pandemic, while millionaires also found financial benefits from Covid-19, according to a study released today. The Global Inequality Report, a product of a network of social scientists, estimates that billionaires hold a total of 3.5% of the world’s household wealth this […]
Germany: Industrial production increased despite supply chain problems
German industrial production increased in October, despite problems in the supply chain. Total industrial production rose 2.8% month-on-month in October in calendar-adjusted terms, according to Destatis. Economists expected a 1% increase. In September, industrial production fell by 0.5%. Industrial production fell 0.6% in October from the same month last year, and was 6.5% lower than […]
Interest rates unchanged from the Bank of Australia
The Bank of Australia kept the interest rate stable at 0.10% in today’s session, suggesting that it will take some time for the necessary conditions for an increase to take effect and the concerns about the Omicron mutation to be addressed. “Omicron’s appearance is a new source of uncertainty, but it is not expected to […]
China: Exports in November were higher than expected
Exports to China exceeded estimates in November, although growth slowed compared to October, due to the higher benchmark compared to last year. Exports rose 22% from a year earlier in November, and slowed from a 27% increase in October, the general customs administration said. The results exceeded estimates that spoke of a 16% increase. Boosted […]
Eurogroup: Praise in Greece for debt and reforms
This development also leads to the implementation of measures to alleviate public debt of 767 million euros. Tonight’s development was welcomed during the press conference after the meeting by the President of the Eurogroup Pascal Donahue, who also referred to the debt relief measures brought by the completion of the evaluation. Economy Commissioner Paolo Gentiloni […]
The war industry is unharmed in the pandemic
Lockdown, supply chain problems, market uncertainty? All this does not apply to the defense industry. According to a new study by the Stockholm-based International Peace Research Institute (SIPRI), the 100 largest companies in the industry in the world managed to increase their sales in the first year of the pandemic. According to Alexandra Marksteiner, who […]
EU: Air transport recorded a significant decrease of 73% in 2020 compared to 2019
Air transport in the EU recorded a significant decrease of 73% in 2020 compared to 2019, according to Eurostat data released today. To prevent the spread of COVID-19, countries around the world have taken restrictive measures since the beginning of 2020, with the result that the aviation industry is severely affected. All EU member states […]
Reuters: The Ministry of Finance will remain optimistic about the economy in the current Eurogroup
Eurozone finance ministers are likely to remain optimistic about growth prospects when they meet today to discuss the latest developments, as the economy has learned to adapt to the pandemic over the past two years, officials told Reuters. The emergence of the Omicron mutation has raised concerns among some economists that the European economy could […]
EY: Consumers worldwide choose to live with less and re-evaluate their markets
Some of the behaviors adopted by consumers due to the COVID-19 pandemic – as recorded by the EY Consumer Index’s April 2020 Consumer Survey – are now in place: the majority (63%) of the 16,000 Consumers from 21 countries surveyed say they now perceive the new behaviors they have been forced to develop since the […]
