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Economy News

Inflation reached new highs in November

Jonathan Hobbs November 30, 2021

According to Eurostat’s first monthly estimate released Tuesday, the eurozone’s inflation rate hit a new high of 4.9 percent year on year in November, still fueled by persistently rising energy prices. Rising energy expenses pushed consumer prices in the eurozone up, which increased

Economy News

Eurozone: Growth is in jeopardy

Jonathan Hobbs November 26, 2021

The Eurozone economy is doing well, but the Covid-19 outbreak has resurfaced, putting a pall over economic forecasts. The PMI indices, which represent corporate confidence in the monetary union and are leading indicators of economic growth, climbed in November, above economists’ predictions. “The better-than-expected PMI indicates that the Eurozone economy

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SIX to move its operations abroad

Jonathan Hobbs November 25, 2021

In an interview, Chairman of the Board Thomas Wellauer revealed that SIX is considering moving some of its operations abroad, including to Spain and Poland. “In terms of developing new functions, Spain now represents a viable option,” says the report, adding that actions in Poland are also gaining traction. On the other hand, he opposed […]

Economy News

Inflation expectations are on pace according to the ECB

Jonathan Hobbs November 20, 2021

Christine Lagarde, the president of the ECB, sees inflation expectations “getting closer to the 2% objective over the medium term”. “Temporary bracketing the price spike in the pandemic scenario”, she further said on Friday. “Measures of core inflation,” which exclude volatile energy and commodity costs, “are trending in the

Economy News

Financial stability is jeopardized by the slow rate of vaccination

Jonathan Hobbs November 17, 2021

The European Central Bank (ECB) warned on Wednesday that the delayed pace of Covid-19 immunization in some regions of the world may jeopardize financial stability. And this is despite the fact that the economic recovery has already begun. In the aftermath of Covid-19, the continued economic recovery in the eurozone has “reduced many of our […]

Economy News

European Central Bank: Rates are likely to be frozen

Jonathan Hobbs October 26, 2021

In spite of inflation in the eurozone, the European Central Bank (ECB) is expected to maintain its key interest rate. As of the 25th (local time), the Financial Times (FT) reported that ECB President Christine Lagarde is expected to discuss the eurozone’s inflation outlook and the timing of an interest rate hike during her monetary […]

Economy News

Eurozone private sector index continues to drop in October

Jonathan Hobbs October 22, 2021

In October, eurozone private sector index slowed for a third consecutive month due to persistent difficulties with business supply. The composite purchasing managers’ index is an average for eurozone manufacturing and services. A first estimate published on Friday shows that this index, based on company surveys, has dropped to 54.3 from 56.2 in September and […]

Economy News

The European Union is trying to phase out nuclear power

Jonathan Hobbs October 18, 2021

Ten countries, including France and the UK, believe nuclear power is the future solution to electricity shortages. On the other hand, Germany and Austria, which plan to shut down all nuclear plants by next year, are pushing in the opposite direction. Countries with a nuclear phase-out policy are concentrating all their efforts on developing new […]

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Italian airline Alitalia to be reborn as ITA Airways

Jonathan Hobbs October 16, 2021

“ITA Airways will replace Alitalia,” announced its CEO Fabio Lazzerini during the airline’s takeoff Friday morning. “Profitability represents a huge discontinuity from the past,” he stressed. “Alitalia has a wonderful history but marked by great economic difficulties,”. On the verge of bankruptcy in 2017, Alitalia was placed under

Economy News

Germany growth is being hampered by shortages

Jonathan Hobbs October 14, 2021

Growth forecasts predict material shortages will significantly dampen Germany economic recovery, which is heavily reliant on its export industry. Leading economic institutes (DIW, IFO, IFW, IWH and RWI) now forecast an increase of 2.4% in GDP in 2021. Latest estimate was for growth of 3.7% this year, after a historic decline of 4.9% in 2020. […]

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Inflation reached new highs in November

Eurozone: Growth is in jeopardy

SIX to move its operations abroad

Inflation expectations are on pace according to the ECB

Financial stability is jeopardized by the slow rate of vaccination

European Central Bank: Rates are likely to be frozen

Eurozone private sector index continues to drop in October

The European Union is trying to phase out nuclear power

Italian airline Alitalia to be reborn as ITA Airways

Germany growth is being hampered by shortages

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