German Economy Minister Peter Altmaier wants to set up a new government body with powers to decide quickly whether to take stakes in key domestic … Read more
Import duties on various products including cars, clothes, and household appliances are set to be removed in Switzerland. If parliament approves the plan, the measure … Read more
Euro zone business growth almost ground to a halt this month as activity in the bloc’s dominant services industry increased at a much weaker pace … Read more
Protests were held in several cities of Iran on early Saturday (local time) after the government announced effective measures to rationalise and increase the price … Read more
Annual profits at China’s Ningbo S-Power International Logistics Co are down a sharp 40% year-on-year.
The firm’s woes highlight a bigger problem for the … Read more
China’s producer prices fell the most in more than three years in October, as the manufacturing sector weakened on declining demand and a knock from … Read more
The French government has launched its biggest wave of privatisations in more than a decade, kicking off the process with the sale of the majority … Read more
The European Commission said Thursday that it has cut its growth forecast for Italy for 2020 from 0.7% to 0.4%. In its autumn economic forecasts, … Read more
France will establish a quota system, by region and profession, for issuing work permits to non-EU citizens, the country’s Labour Minister Muriel Penicaud announced.
It … Read more
Italy’s job crisis of the past decade has “taken on the character of a national emergency”, said Italian Premier Giuseppe Conte on Monday, speaking at … Read more
The global economy has entered a period of “synchronised stagnation” with weak growth in some countries and no growth or a mild contraction in others, … Read more
Prolonged political uncertainty in Britain is forcing finance directors to cut costs and hold off hiring to help companies prepare for an unpredictable year ahead, … Read more
Italy’s unemployment rate dropped to 9.5% in August, a fall of 0.3 of a percentage point on the previous month, taking it down to the … Read more
Europe’s largest economy is not facing a bigger downturn or a pronounced recession after contracting slightly in the second quarter but there are no signs … Read more
The pound fell to the lowest level in three weeks amid mounting speculation that a general election is imminent.
The pound has plunged below $1.20 … Read more
The Telegraph’s on-line edition carries a scathing review of Malta economic model in an article titled “Malta: model economy or money launderer? ‘Everyone has … Read more
Europe might get into recession – Renowned economist warns Britain, Italy and Germany are ‘paralysed’ by domestic issues
Europe has a 70% chance of plunging into recession, according to renowned economist and bond market expert Mohamed El-Erian, with Britain, Italy and Germany “paralysed” … Read more
Germany’s coalition government would be prepared to ditch its balanced budget rule and take on new debt to counter a possible recession, according to a … Read more
Germany’s Federal Statistical Office (Statistisches Bundesamt) announced on 14 August 2019 that the country’s gross domestic product (GDP) grew by 0.4 percent in the first … Read more