The coronavirus pandemic in Europe is once again the cause of “significant concern”, and its consequences for the economies are difficult to predict, said the governor of the central bank of Italy. “Italy’s economic recovery is progressing at a better pace than we expected just a few months ago. However, uncertainty remains high, mainly reflecting […]
Tag: International financial news
Italy: Slight rise in the business confidence index
Italy’s business confidence index rose slightly in November, but the consumer climate worsened for a second month as the rise in the number of cases cast doubt on the strength of the economic recovery. The manufacturing sector remained strong, but confidence in the manufacturing sector rose to 116 points, from an upward revised 115.1 points […]
US: Rising inflation hits Americans this holiday season
Rising inflation is hitting Americans during this year’s Thanksgiving holiday. Republicans saw the festive table as an opportunity to attack Joe Biden, POLITICO comments. The US Department of Agriculture announced that the prices of staple foods for Thanksgiving have increased by a combined 5% this year. However, Republicans who are members of Congress estimate that […]
Russia: Up to $ 54 Billion Annually Needed to Eliminate Carbon Footprint
Russia’s plan to reduce its carbon footprint by 2050 will require investments of 1-4 trillion. Rubles per year ($ 13.4-53.6 billion), the central bank announced. Climate change is a serious challenge for Russia, whose economy relies heavily on oil and gas production as well as mining. Some of these infrastructures are built in ice (permafrost), […]
Riksbank: Interest rates unchanged in Sweden (upd)
LAST UPDATE 11:34 The Swedish central bank has announced an unchanged policy, arguing that inflation above the target will decline next year, aiming for a first rate hike (after the pandemic) at the end of 2024. The key repurchase rate has been at zero since early 2020, and the Riksbank is in no hurry to […]
EY: The physical store remains important to many consumers, despite increasing digitization
Although the adoption of digital technology is progressing at a dizzying pace – especially after national lockdowns – EY research, Decoding the digital home, reveals that the physical store remains a critical element of the consumer experience of digital home appliance users. 39% of those surveyed would prefer to visit a retail store when buying […]
Donmez: Liquefied natural gas will be transported to Cyprus
“LNG (Liquefied Natural Gas) will be transported to Cyprus,” Turkish Energy Minister Fatih Donmez told philenews.com, adding that in the first stage they have evaluated the conversion of existing oil-fired power plants into occupied ones for natural gas use. Speaking after a meeting with “Economy and Energy Minister” Sunat Altun at the 11th Turkish Energy […]
Automotive: The lack of semiconductors leads to a reduction in the amount spent on advertising
The long delay in the delivery of cars, due to the lack of semiconductors, leads the car manufacturers to the decision to reduce the amounts they will spend on advertising next Christmas. The fewer cars the fewer the reasons that can lead potential customers to the showrooms. Now, the advertising of new models comes second. […]
El Salvador: Plans to build a Bitcoin city near a volcano
El Salvador plans to build a Bitcoin city near a cryptocurrency-funded volcano, according to President Nayib Bukele, according to CNBC. The city will have shopping, services, entertainment, restaurants and an airport and will be built near the Conchagua volcano in southeastern El Salvador. The projects will start in 2022 and the city will have no […]
US: Sumer and McConnell face new serious political battle to raise government lending ceiling
Senate Majority Leader Chuck Sumer and Republican Minority Leader Mitch McConnell are facing a serious political battle to raise the federal government’s debt ceiling as they try to find a way out of the crisis. online political news newspaper The Hill. Congress has until December 15 to raise the US debt ceiling, according to Treasury […]
