Category: Economics > International
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ESF: What does a new interest rate reduction consider in September?
The European Central Bank ( ) was strongly criticised two years ago for failing to predict its ejection – first known for the data in the euro era – thus delaying the tightening of monetary policy and limiting price increases. The ECB first increased interest rates in July 2022, when inflation in the Eurozone had…
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Oil: Scripts and Russian and Saudi “harm” against Biden before the election
A significant fall has been observed in recent years in crude oil exports from and from , which gives food to scenarios for rising prices ahead of the American elections. In particular, S. Arabia’s exports have fallen by about 1.1 million barrels per day since May, while a corresponding drop is noted in Russia’s exports.…
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Crowdstrike: The company’s share that caused chaos – Agony collapses for its 29,000 customers
From “paradise” to “hell” It seems that it spent just one night, Crowdstrike software, the plunged the world into its chaos A defective update from Crowdstrike caused widespread disruption throughout the world of IT and economy today (19.07.24). The share price fell sharply, according to Handelsblatt. However, the incident raises more fundamental questions. Crowdstrike would…
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The map of the international financial chaos brought about by Microsoft’s harm
World chaos has caused its current (19.7.2024) technical problem, leading one after another airlines to suspend their flights causing “war” scenes in the world. However, the impact of the collapse of Microsoft/Crowdstrike systems, not only concerns airport flights, from America to Australia, but the operation of countless businesses with direct consequences for the economy’s “heart”,…
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The map of the international financial chaos caused by the damage to Windows and Microsoft
World chaos has caused its current (19.7.2024) technical problem, leading one after another airlines to suspend their flights causing “war” scenes in the world. However, the impact of the collapse of Microsoft/Crowdstrike systems, not only concerns airport flights, from America to Australia, but the operation of countless businesses with direct consequences for the economy’s “heart”,…
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Europe agrees to a new crackdown on the ‘shadow fleet’ of Russian oil tankers
The Prime Minister of the United Kingdom, Kir Starmer announced the suppression of her so-called shadow fleet of oil tankers used to circumvent international sanctions, saying 44 European nations approved the plan at a meeting of the European Political Community hosted in . The joint “call for action” – first mentioned earlier in the week…
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ESF: Fixed interest rates for July
The European Central Bank held its basics firmly in today’s meeting (18.7.2024) of its Board of Directors as expected. In particular, the interest rate on principal refinancing operations and interest rates on the marginal lending facility and the ECB’s deposit facility will remain unchanged at 4.25%, 4.50% and 3.75% respectively. As the ECB announced just…
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ESF: Interest rates are expected to be maintained until they are convinced that inflation is further reduced
It will maintain stable today (18.7.2024), preferring to expect further evidence of progress in inflation before making another reduction. The ECB’s deposit rate will remain at 3.75%, according to all 55 economists asked by Bloomberg. No specific guidelines are expected for the course of lending costs, with a number of critical elements expected only in…
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ESF: Fixed interest rates prior to the arrival of basic data
It will maintain stable today (18.7.2024), preferring to expect further evidence of progress in inflation before adding to the initial fall in June. The ECB’s deposit rate will remain at 3.75%, according to all 55 economists asked by Bloomberg. No specific guidelines are expected for the course of lending costs, with a number of critical…
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Germany: Draft budget for 2025 finalized
The plan for the 2025 project was finalized today by its federal government , following lengthy negotiations providing for public expenditure of EUR 480.6 billion and re-appropriation of EUR 43.8 billion . In particular, Germany’s budget also includes significant cuts, while according to the opposition, it moves to the limits of constitutionality and only marginally…
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Donald Trump: What are the 7 positions he wants to apply to US economic policy if he is elected
James David Vance, who enters the presidential race as his candidate vice-president (Donald Trump) in the upcoming presidential election in , turns out unexpectedly progressive supporter of workers’ rights and corporate regulation, according to a German press report. Trump’s U.S. vice president candidate supports unions and fights for higher minimum wages. He wants to prohibit…
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Japan lends 3.3 billion euros to Ukraine from Russian capital interest
Japan’s government is preparing a $3.3 billion grant to the , amounting to 6% of the $50 billion package recently promised by G7, broadcasts today (17.7.2024) the Kyodo news agency citing diplomatic sources. The money for granting a loan to Ukraine will be drawn from Russia’s interest on resources and capital frozen, according to the…
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Japan lends 3.3 billion euros to Ukraine from Russian interest and capital
Japan’s government is preparing a $3.3 billion grant to the , amounting to 6% of the $50 billion package recently promised by G7, broadcasts today (17.7.2024) the Kyodo news agency citing diplomatic sources. The money for granting a loan to Ukraine will be drawn from Russia’s interest on resources and capital frozen, according to the…
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Unilever: Sells Pureit Water Cleaning Company
Pureit cleaning sale announced yesterday (15.07.24) the corporate giant of consumer goods, . Pureit is purchased by A.O.Smith, a leading global water technology company. Pureit offers a series of water purification solutions across India, Bangladesh, Sri Lanka, Vietnam and Mexico, among others. Eduardo Campanella, President of Unilever Home Care, said that “Pureit’s sale marks another…
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Unilever: Sells Pureit water purification the day after announcements for redundancies in Europe
Pureit cleaning sale announced yesterday (15.07.24) the corporate giant of consumer goods, . Pureit is purchased by A.O.Smith, a leading global water technology company. Pureit offers a series of water purification solutions across India, Bangladesh, Sri Lanka, Vietnam and Mexico, among others. Eduardo Campanella, President of Unilever Home Care, said that “Pureit’s sale marks another…
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Novak: EU sanctions in Russia against LNG illegal
The recent sanctions decided to be imposed by the European Union in Russia’s liquefaction gas sector ( ) are ‘illegal’, said Russian Deputy Prime Minister Alexander Novak. Alexander Novak during an interview with the state news agency TASS broadcast today (17.7.2024), argued that EU sanctions in Russia for the LNG will not facilitate European consumers…
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IMF: Slower than expected to reduce inflation, risk of maintaining high interest rates
A warning was issued by the International Monetary Fund ( ) on the fact that in many major economies it is retreating at a slower pace than expected, pointing to a potential risk to global growth by maintaining interest rates at higher levels ‘for an even longer period’. The IMF in an update of the…
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Powell (Fed): US figures offer confidence that inflation is on its way to 2%
The president of the Federal Bank of the United States ( ), Jerome Powell said the financial data of the second quarter provided policy makers with greater confidence that he is heading towards the target of 2% of the central bank, possibly clearing the way for short-term interest rates reductions. Powell stressed the last three…
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Trump Media: Rally over 30% for Trump’s company shares after attempted murder
“Trump Media’s launches” at the Wall Street meeting Monday (15.07.2024), on their first trading day after the assassination attempt against him. Trump Media’s share, in which former US president Donald Trump is the main shareholder, earns over 30%, two days after his shooting in Pennsylvania. As CNBC reports, the volume of transactions was extremely large,…
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France: “Dangerously exposed” to new shock the 2nd Eurozone economy – 15 billion euros per year sought
The second-large euro area report, in new macroeconomic shocks, is a risk, according to the country’s audit service. The Cour des Comptes warned that the current plans to restore France’s “concerned” public finances are already lacking credibility, as political parties with expansionist taxation and spending policies struggle to form a new government after the early…
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China: Economy Developed at Worst Rate Of Last Five Quarters · Global Voices
Her economy developed at the worst rate of the last five quarters, as efforts to stimulate their spending failed, according to a Bloomberg report. China’s AEP was expanded by 4.7% (against forecast 5.1%) in the second quarter compared to the same period a year earlier. Retail sales increased at the slower rate since December 2022,…
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Attempted Trump murder: Shock at the heart of the global economy – The consequences
After the assassination attempt, observers estimate that he has more chance of being elected, which is expected to mean a shift in their international and internal economic policy, while their trade war with China and Europe is raging in the economic – political crisis after the Russian invasion of Ukraine. A campaign for presidential elections…
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Daimon (JPMorgan): “Camp” for high inflation and interest rates
Another warning about him and the high voiced by her CEO, Jamie Diamond, despite recent signs of price pressure relaxation. “There has been some progress in reducing inflation, but there are still multiple inflationary forces ahead of us: major fiscal deficits, infrastructure needs, trade restructuring and re-militaryisation of the world,” Daimon said in a statement…
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Daimon (JPMorgan): “Camp” for high inflation and interest rates
Another warning about him and the high voiced by her CEO, Jamie Diamond, despite recent signs of price pressure relaxation. “There has been some progress in reducing inflation, but there are still multiple inflationary forces ahead of us: major fiscal deficits, infrastructure needs, trade restructuring and re-militaryisation of the world,” Daimon said in a statement…
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Daimon (JPMorgan): “Camp” for high inflation and interest rates
Another warning about him and the high voiced by her CEO, Jamie Diamond, despite recent signs of price pressure relaxation. “There has been some progress in reducing inflation, but there are still multiple inflationary forces ahead of us: major fiscal deficits, infrastructure needs, trade restructuring and re-militaryisation of the world,” Daimon said in a statement…
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IMF for France: High uncertainty, fiscal consolidation measures are required
Its financial situation is being alarmed by the IMF. In a report by the IMF, although it predicts that France’s growth is projected to converge to its potential rate of 1.3% this year from 1.1% in 2023, it notes that prospects are still subject to high uncertainties. Political fragmentation and uncertainty at home, particularly after…
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IMF for France: High fiscal uncertainty, fiscal consolidation measures are required
The International Monetary Fund (IMF) calls for the financial situation of France. In a report by the IMF, although it predicts that France’s growth is projected to converge to its potential rate of 1.3% this year from 1.1% in 2023, it notes that prospects are still subject to high uncertainties. Political fragmentation and uncertainty at…
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IMF for France: High uncertainty, fiscal consolidation measures are required
Its financial situation is being alarmed by the IMF. In a report by the IMF, although it predicts that France’s growth is projected to converge to its potential rate of 1.3% this year from 1.1% in 2023, it notes that prospects are still subject to high uncertainties. Political fragmentation and uncertainty at home, particularly after…
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IMF for France: High fiscal uncertainty, fiscal consolidation measures are required
The International Monetary Fund (IMF) calls for the financial situation of France. In a report by the IMF, although it predicts that France’s growth is projected to converge to its potential rate of 1.3% this year from 1.1% in 2023, it notes that prospects are still subject to high uncertainties. Political fragmentation and uncertainty at…
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IMF for France: High uncertainty, fiscal consolidation measures are required
Its financial situation is being alarmed by the IMF. In a report by the IMF, although it predicts that France’s growth is projected to converge to its potential rate of 1.3% this year from 1.1% in 2023, it notes that prospects are still subject to high uncertainties. Political fragmentation and uncertainty at home, particularly after…
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IMF for France: High fiscal uncertainty, fiscal consolidation measures are required
The International Monetary Fund (IMF) calls for the financial situation of France. In a report by the IMF, although it predicts that France’s growth is projected to converge to its potential rate of 1.3% this year from 1.1% in 2023, it notes that prospects are still subject to high uncertainties. Political fragmentation and uncertainty at…
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US: Consumer Climate Relented in July
The consumer climate has unexpectedly reduced them to the lowest level in the last eight months for the month of July this year, as high prices have continued to burden Americans’ views on their finances and economy in general. The University of Michigan preliminary measurement for the consumer climate indicator retreated to 66 units in…
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US: Consumer Climate Relented in July
The consumer climate has unexpectedly reduced them to the lowest level in the last eight months for the month of July this year, as high prices have continued to burden Americans’ views on their finances and economy in general. The University of Michigan preliminary measurement for the consumer climate indicator retreated to 66 units in…
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US: Consumer Climate Relented in July
The consumer climate has unexpectedly reduced them to the lowest level in the last eight months for the month of July this year, as high prices have continued to burden Americans’ views on their finances and economy in general. The University of Michigan preliminary measurement for the consumer climate indicator retreated to 66 units in…
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Commission: Call for debt restructuring in Ukraine – Alarm for bankruptcy on 1 August 2024
Encouraging private creditors to reach a “fast” agreement with the Ukrainian government to avoid defaulting on billions of his debt payments at the beginning of next month, the Commission expressed its call before the end, on 1 August, of a two-year moratorium on Ukraine’s interest payments on private creditors’ loans, which had been agreed shortly…
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Commission: Call for debt restructuring in Ukraine – Alarm for bankruptcy on 1 August 2024
Encouraging private creditors to reach a “fast” agreement with the Ukrainian government to avoid defaulting on billions of his debt payments at the beginning of next month, the Commission expressed its call before the end, on 1 August, of a two-year moratorium on Ukraine’s interest payments on private creditors’ loans, which had been agreed shortly…
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Commission: Call for debt restructuring in Ukraine – Alarm for bankruptcy on 1 August 2024
Encouraging private creditors to reach a “fast” agreement with the Ukrainian government to avoid defaulting on billions of his debt payments at the beginning of next month, the Commission expressed its call before the end, on 1 August, of a two-year moratorium on Ukraine’s interest payments on private creditors’ loans, which had been agreed shortly…
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US: Inflation Relaxes by Strengthening Fed Interest Reduction Case
O retreated them widely in June, giving further impetus to the confidence of Federal Bank officials (Fed) that they can reduce interest rates soon, according to a Bloomberg report. At the same time inflation in the US – which does not include food and energy costs – has increased by 0.1% since May, the smallest…
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US: Inflation Relaxes by Strengthening Fed Interest Reduction Case
O retreated them widely in June, giving further impetus to the confidence of Federal Bank officials (Fed) that they can reduce interest rates soon, according to a Bloomberg report. At the same time inflation in the US – which does not include food and energy costs – has increased by 0.1% since May, the smallest…
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US: Inflation Relaxes by Strengthening Fed Interest Reduction Case
O retreated them widely in June, giving further impetus to the confidence of Federal Bank officials (Fed) that they can reduce interest rates soon, according to a Bloomberg report. At the same time inflation in the US – which does not include food and energy costs – has increased by 0.1% since May, the smallest…
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“Bomb” in energy prices in Greece since the collapse of nuclear infrastructure in the former eastern bloc
Dramatically back in relation to western Europe is still the energy infrastructure in former “socialist” eastern Europe, which our country’s consumers are “paying” as the problems of eastern European infrastructure especially due to climate change lead to increased demand (and) from Greece and thus increased demand. After , they come As a Bloomberg report reports,…
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France: ‘Hot potato’ for the next government spending EUR 15 billion per year
Her next will need to find more than EUR 15 billion (16.2 billion) in additional revenue or savings annually to meet the European Union’s requirements, Bloomberg reported. This was included in a proposal sent by the European Commission to France last month, the same sources said. The adjustment corresponds to approximately 0.55% of the annual…
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High temperatures cause concerns about fuel supply to oil refineries in Europe
Europe is approaching levels at which some oil refineries should start producing fewer, according to a Bloomberg report. Greece is fighting fires and the country’s capital could see temperatures above 40C (104F) in the following weeks. In Poland, heat can soon exceed the point where the country’s leading fuel supplier can operate its refineries properly.…
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“Bomb” in energy prices in Greece since the collapse of nuclear infrastructure in the former eastern bloc
Dramatically back in relation to western Europe is still the energy infrastructure in former “socialist” eastern Europe, which our country’s consumers are “paying” as the problems of eastern European infrastructure especially due to climate change lead to increased demand (and) from Greece and thus increased demand. After , they come As a Bloomberg report reports,…
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“Bomb” in energy prices in Greece since the collapse of nuclear infrastructure in the former eastern bloc
Dramatically back in relation to western Europe is still the energy infrastructure in former “socialist” eastern Europe, which our country’s consumers are “paying” as the problems of eastern European infrastructure especially due to climate change lead to increased demand (and) from Greece and thus increased demand. After , they come As a Bloomberg report reports,…
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France: ‘Hot potato’ for the next government spending EUR 15 billion per year
Her next will need to find more than EUR 15 billion (16.2 billion) in additional revenue or savings annually to meet the European Union’s requirements, Bloomberg reported. This was included in a proposal sent by the European Commission to France last month, the same sources said. The adjustment corresponds to approximately 0.55% of the annual…
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France: ‘Hot potato’ for the next government spending EUR 15 billion per year
Her next will need to find more than EUR 15 billion (16.2 billion) in additional revenue or savings annually to meet the European Union’s requirements, Bloomberg reported. This was included in a proposal sent by the European Commission to France last month, the same sources said. The adjustment corresponds to approximately 0.55% of the annual…
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High temperatures cause concerns about fuel supply to oil refineries in Europe
Europe is approaching levels at which some oil refineries should start producing fewer, according to a Bloomberg report. Greece is fighting fires and the country’s capital could see temperatures above 40C (104F) in the following weeks. In Poland, heat can soon exceed the point where the country’s leading fuel supplier can operate its refineries properly.…
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High temperatures cause concerns about fuel supply to oil refineries in Europe
Europe is approaching levels at which some oil refineries should start producing fewer, according to a Bloomberg report. Greece is fighting fires and the country’s capital could see temperatures above 40C (104F) in the following weeks. In Poland, heat can soon exceed the point where the country’s leading fuel supplier can operate its refineries properly.…
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France: The Rich Look at Migration in Fear of Raised Taxes From Left · Global Voices
The political and budgetary instability that seems to be bearing the result of the 7 July elections, and there is a possibility that some of them will leave, according to a Bloomberg report. Their warning comes as the main political parties struggle to gain control of the National Assembly – which is now approximately divided…
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France: The Rich Look at Migration in Fear of Raised Taxes From Left · Global Voices
The political and budgetary instability that seems to be bearing the result of the 7 July elections, and there is a possibility that some of them will leave, according to a Bloomberg report. Their warning comes as the main political parties struggle to gain control of the National Assembly – which is now approximately divided…
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Albania: A real tourist miracle next to us – How tourists quadrupled in four years
At the same time that the positive figures for him in Greece are published, showing a new arrival record this year, next to us, there is a rise in arrivals, but a real “explosion”. One clue says it all: Between 2019 – 2023 , tourist arrivals in Albania 4fold, reaching in 2023 the 10.1 million…
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Albania: A real tourist miracle next to us – How tourists quadrupled in four years
At the same time that the positive figures for him in Greece are published, showing a new arrival record this year, next to us, there is a rise in arrivals, but a real “explosion”. One clue says it all: Between 2019 – 2023 , tourist arrivals in Albania 4fold, reaching in 2023 the 10.1 million…
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France: ‘Fund’ for the economy possible implementation of the programme of the left states the French ‘BSE’
The head of its top union (Medef) said that the programme of the alliance of left parties, which won most seats in the July parliamentary elections, is a danger to the economy. In an interview with the French newspaper Les Echos, employers’ leader Patrick Martin (Patric Martin) added that since French President Emmanuel Macron broke…
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China launches investigations into European Union trade barriers
The investigation investigates whether the series of actions of (EU) against the world’s second strongest economy is an illegal obstacle to free trade, as both sides are approaching another step towards a trade war, according to a Bloomberg report. The Trade Ministry said China’s investigation would cover a number of sectors, including railways, solar and…
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France: ‘Fund’ for the economy possible implementation of the programme of the left states the French ‘BSE’
The head of its top union (Medef) said that the programme of the alliance of left parties, which won most seats in the July parliamentary elections, is a danger to the economy. In an interview with the French newspaper Les Echos, employers’ leader Patrick Martin (Patric Martin) added that since French President Emmanuel Macron broke…
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China launches investigations into European Union trade barriers
The investigation investigates whether the series of actions of (EU) against the world’s second strongest economy is an illegal obstacle to free trade, as both sides are approaching another step towards a trade war, according to a Bloomberg report. The Trade Ministry said China’s investigation would cover a number of sectors, including railways, solar and…
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G7: Why Saudi threat to sell European bonds caused terror
Its alleged threat to G7, according to which it would sell out European government bonds in the event of a seizure of frozen Russian dollars of $300 billion was imposed after Moscow invaded Ukraine. The reason for these feelings by G7 against this possibility is because Saudi Arabia is the world’s largest exporter of crude…
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G7: Why Saudi threat to sell European bonds caused terror
Its alleged threat to G7, according to which it would sell out European government bonds in the event of a seizure of frozen Russian dollars of $300 billion was imposed after Moscow invaded Ukraine. The reason for these feelings by G7 against this possibility is because Saudi Arabia is the world’s largest exporter of crude…
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Powell (Fed): Risk to growth if we keep interest rates high for a long time
The President of the Federal Reserve Bank of the United States hit a financial growth bell ( ) , expressing concern in case of maintaining interest rates at very high levels for a very long time. The leader of the Fed said the economy remains strong, as did the labour market, despite a recent slowdown.…
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Saudi Arabia threatens G7 by selling European bonds if they seize Russia’s assets
Threats to the G7 were launched or for sale of Europeans if it is finally decided to seize part of Russia’s frozen assets. As reported by Bloomberg, earlier this year Saudi Arabia threatened with retaliation in the bond market if G7 decided to confiscate nearly $300 billion of Russia’s frozen assets. The finance ministry of…
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Powell (Fed): Risk to growth if we keep interest rates high for a long time
The President of the Federal Reserve Bank of the United States hit a financial growth bell ( ) , expressing concern in case of maintaining interest rates at very high levels for a very long time. The leader of the Fed said the economy remains strong, as did the labour market, despite a recent slowdown.…
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Saudi Arabia threatens G7 by selling European bonds if they seize Russia’s assets
Threats to the G7 were launched or for sale of Europeans if it is finally decided to seize part of Russia’s frozen assets. As reported by Bloomberg, earlier this year Saudi Arabia threatened with retaliation in the bond market if G7 decided to confiscate nearly $300 billion of Russia’s frozen assets. The finance ministry of…
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Russian magnates earn $11 billion dividends from war economy explosion
Russian magnates collected billions of dollars in , as their companies repeated or increased payments amid the retreat of economic uncertainty, due to the Kremlin in Ukraine. At least twelve businessmen won more than 1 trillion rubles (11.3 billion dollars) for 2023 and the first quarter of this year, according to Bloomberg. Many of them…
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Russian magnates earn $11 billion dividends from war economy explosion
Russian magnates collected billions of dollars in , as their companies repeated or increased payments amid the retreat of economic uncertainty, due to the Kremlin in Ukraine. At least twelve businessmen won more than 1 trillion rubles (11.3 billion dollars) for 2023 and the first quarter of this year, according to Bloomberg. Many of them…
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Germany: The decision on the future of seized Russian oil assets
The approaching a decision on what to do with local units and Russian oil from Rosneft oil company occupied by the government two years ago after Moscow invaded Ukraine. The future of the assets will soon be determined, he told reporters yesterday (8.7.2024) a government official who knows the issue. The state-controlled Russian energy giant…
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Germany: The decision on the future of seized Russian oil assets
The approaching a decision on what to do with local units and Russian oil from Rosneft oil company occupied by the government two years ago after Moscow invaded Ukraine. The future of the assets will soon be determined, he told reporters yesterday (8.7.2024) a government official who knows the issue. The state-controlled Russian energy giant…
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France: Why State Bond Concern Remains Timely · Global Voices
A political shock to investors forced them to face reality, according to which the country’s budget deficit is a direct issue for and something that concerns the next few years. France benefited for a long time from the fact that investors rejected the threat posed by its bad public finances, given its central position within…
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France: Why State Bond Concern Remains Timely · Global Voices
A political shock to investors forced them to face reality, according to which the country’s budget deficit is a direct issue for and something that concerns the next few years. France benefited for a long time from the fact that investors rejected the threat posed by its bad public finances, given its central position within…
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Russia: Oil Deliveries Getting Cheaper Despite Sanctions · Global Voices
The sanctions of the Group of Seven aimed at depriving oil revenue fail in one of their main objectives: to increase the cost of delivering Russian, according to Bloomberg. The price for delivering the country’s flagship, crude oil Urals, to customers in Asia from the Russian port Novorossiysk of the Black Sea has fallen to…
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Russia: Oil Deliveries Getting Cheaper Despite Sanctions · Global Voices
The sanctions of the Group of Seven aimed at depriving oil revenue fail in one of their main objectives: to increase the cost of delivering Russian, according to Bloomberg. The price for delivering the country’s flagship, crude oil Urals, to customers in Asia from the Russian port Novorossiysk of the Black Sea has fallen to…
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New People’s Front: What is the financial programme of the election winners in France
Changes in taxation, intervention in the labour market, strengthening industrial production, are among many others the axes that will be launched by the New People’s Front (NLM), the coalition that defeated them in, while all three key priorities are highlighted. The parliamentary elections that took place in order to highlight the next government of France,…
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Deutsche Bank: French political crisis pushes Asian investors away from Europe
The view that the political crisis in France is massively ousting Asian investors from the markets in the overall, expresses its executive . Specifically, Christian Nolting from Deutsche Bank, speaking to Handelsblatt, says that at the beginning of the year, 20% of investors still named Europe as their investment destination, because many shares here are…
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The United Kingdom “must start building again”, states the new Finance Minister
“There is no time to waste,” said her new finance minister, Rachel Reeves, during a speech to head companies in London, adding that the UK should speed up construction of infrastructure projects, mostly land infrastructure and housing. Britain’s Finance Minister also completed: “We need to ensure that the country resumes construction,” he said in detail…
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Brussels also distributes fines to delivery companies – What company expects to pay 400m euros
400 million expects German corporate colossus to pay, according to German press reports. Countess has been investigating the case for years and yesterday (07.07. 24) at night the company announced that it should expect a significantly higher fine from Brussels. Delivery Hero (p. in the “international community” of which efood belongs in Greece, according to…
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In the Commission’s target Lufthansa – Investigating the legality of the state grant of EUR 6 billion amid a pandemic
The investigation of the state aid to the airline is under way during the coronavirus pandemic aimed at clarifying whether the aid was in accordance with European rules. He had originally approved the aid in 2020. However, the EU Court of Justice annulled the authorisation in 2023 following a complaint from Ryanair and Condor. Lufthansa…
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Strengthen the legal framework of Chinese financial markets
In a coordinated effort to strengthen their integrity , the competent authorities have made public a dynamic framework for controlling financial fraud and also for strengthening the discipline of the financial transaction framework . The circular was issued by the Ministry of Finance of China, the Chinese central bank, the National Financial Regulations Agency, but…
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China: Establishing a Special Development Fund for State Enterprises
Beijing organised a special ceremony for the formal establishment of a special development of state-owned enterprises throughout the country. This fund is approved by the State Property Management Committee (SASAC) of the State Council of China, with a capital of 30 billion yuan (3.79 billion euros). The Treasury for State Enterprises was jointly formed by…
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France – Greece: The profile of economic relations between the two countries
A surplus in the trade in services, but a deficit in goods and investment shows Greece in relation to it. On the occasion of the results of the second round of the early parliamentary elections in France, it is worth taking a look at the economic relations of the two countries. According to the latest…
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Britain: Zero Time for New Government’s Financial Statements
Today (08.07. 24) will expose the government’s plans, the new Finance Minister, Rachel Reeves to stimulate private investment in its first important speech, as the party tries to harness the dynamics of its sweeping victory in last week in an effort for economic growth. There is no “time to lose” to raise Britain’s growth rate…
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Elections in France: French forward bond contracts and the euro decline after left alliance victory
Future fulfilment contracts for French bonds, as well as the euro, retreated, while on the other hand futures for European shares went up as traders try to “eat” the results of the parliamentary elections in France yesterday (07.07. 24), showing a victory-surprise for the left alliance (p. New People’s Front). Future fulfilment contracts for government…
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Elections in France: The agony for the “Next Day” in the economy is heightened – Government formation scenarios
The agony of international and above all, the European market today (07.07.24), as the second round of early parliamentarians takes place in . The main contenders of the first place in today’s elections in France are the far right “National Reconciliation” and the left “New People’s Front”. Sources of the German press from France say…
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France: On foot the ECB on the results of the poll today
Waiting for the results of today’s parliamentary elections at the ECB, having on the table all scenarios for the next day. The common recommendation of the ECB’s analyses is that the result of the elections in France will be a decisive factor in how the French and wider European bond market will behave from tomorrow…
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“Terror” in Berlin for Trump: €150 billion loss in Germany since possible re-election
“Terror” appears to cause in circles of her economy the possibility of re-election of Donald Trump in their presidential chair While today the U.S. Supreme Court gave green light to Trump’s nomination, the Institute of German Economy (IW), published a study, according to which a second “season” Trump” in the US could cost the German…