[ad_1] With a Europe-wide election looming, however, there’s growing pressure on finance ministers to get a deal done in the coming months. Italian bonds have been under pressure lately. On…
Tag: Europe News
IMF raises global growth forecast despite China’s recovery ‘losing steam’
[ad_1] In the latest update to its World Economic Outlook, the IMF raised its 2023 global growth prediction by 0.2 percentage points to 3%, up from 2.8% at its April…
Biden’s IRA plan pushes battery-maker Northvolt to plan new factory in Canada
[ad_1] Northvolt announced Thursday it will establish a fully integrated lithium-ion battery gigafactory in the Canadian province of Quebec — its first factory outside Europe. The facility will host 60…
Germany predicted to be the only major European economy to contract this year as recession lingers
[ad_1] Europe’s largest economy is predicted to contract by 0.4% this year — that’s 0.6 percentage point lower than an estimate made in May. The European Commission also cut its…
Economic data in Europe just went from bad to worse
[ad_1] If Covid pandemic months are excluded, the latest numbers point to the lowest reading since April 2013. The euro zone, the region of 20 nations that share the same…
After plunging into the political mainstream, Italy’s far-right leader Giorgia Meloni is now shocking markets and upsetting big business
[ad_1] Europe’s main banking index dropped some 2.7% on Aug. 8 after Italy announced it would impose a 40% windfall tax on banks. Airlines have been nervously awaiting other policy…
European business activity slows in June as higher interest rates begin to bite
[ad_1] S&P Global’s Chris Williamson described the numbers as “worrying” as the euro zone’s flash composite PMI dropped to 50.3 in June. Earlier data from Germany also showed a slowdown…