Category: Economy
In the eurozone, inflation has fallen to its lowest level in two years
Inflation in the eurozone fell to 2.9 percent on an annual basis in October. The European statistical agency Eurostat reports this in a flash estimate Oct…
In December, BNP Paribas Fortis will increase its savings rates
BNP Paribas Fortis will increase the interest rates on its savings accounts again from December. The Belgian major bank announced this on Wednesday Belgium, Oct 25…
The drop in German economic activity shows that a recession is ‘well underway’ – PMI
Business activity in Germany contracted for a fourth straight month in October as a downturn in manufacturing was accompanied by a fresh decline in services,…
Finland intends to legalize alcohol home deliveries
The government of Finland is planning to loosen a number of restrictions on alcoholic drink sales Consumers will be able to have alcoholic drinks delivered to…
Italy is two notches above Junk level – survives for now
Italy remains at two levels above junk at S&P Global Ratings after Giorgia Meloni’s government weathered the first of several possible assessments on its looser…
Balticconnector: Finnish police have finished their investigation of the damaged Baltic Sea pipeline
Finnish police have wrapped up their on-site investigation of the damaged Balticconnector pipeline The pipeline, which is a crucial part of the energy infrastructure in…
Oil Prices Surge Following Hospital Bombing
Oil prices rose on Wednesday after the tragic event at the Gaza hospital that left hundreds of Palestinians dead and caused concerns about global oil…
Lloyd’s Fears Cyber Attack Could Wreck World Economy
The insurers Lloyd’s of London say that a “hypothetical but plausible” attack could cause “widespread disruption” and wipe out $3.5 TRILLION from the world economy…
Oil Prices Rise After US Government Shutdown Deal Boosts Risk
Brent crude December futures rose 49 cents and WTI crude futures 55 cents on Monday morning during the last-minute deal to avoid a US government…
EU economic growth is less rapid than anticipated
According to the European Commission’s projection released on Monday, the economies of the 27 member states of the EU will continue to develop more slowly…