economic-planning
HeadlinesNorway Eurosceptic Party to Resign From Government, Local Media Reports
FinanceSerbian Prime Minister Quits as Anti-Corruption Protests Persist
HeadlinesRomanian Far-Right Presidential Candidate Leads in Polls Ahead of May Vote
BusinessGerman Consumer Sentiment Outlook Modest After Slight Pickup, GfK Finds
German Business Activity Ends Year in Contraction Territory, PMI Shows
Date: December 16, 2024
By Maria Martinez BERLIN (Reuters) – Germany’s economic downturn eased slightly in December but business activity still contracted for a sixth month running, according to a survey published on Monday. The HCOB German flash composite Purchasing Managers’ Index, compiled by S&P Global, rose to 47.8 from 47.2 in November, but remained in contraction territory. Analysts...
Trump’s Tariffs Could Cost Carmakers up to 17% of Combined Core Profits, S&P Says
Date: November 29, 2024
(Reuters) – European and American carmakers are set to lose up to 17% of their combined annual core profits if the U.S. imposes import tariffs on Europe, Mexico and Canada, S&P Global said in a report on Friday, warning of potential credit downgrades. Premium automakers Volvo and Jaguar Land Rover, who mostly produce in Europe,...
Russia’s Plane Shortage Holds Air Travel Back as Wartime Wages Drive Demand
Date: November 28, 2024
By Gleb Stolyarov and Alexander Marrow (Reuters) – As Russia’s war effort fuels economic growth and drives up wages, air travel has been on the rise too, with Russians defying Western sanctions by heading to domestic holiday spots or “friendly” countries where they are still welcome. However, just as soaring government spending on the war...
Explainer-France’s Barnier Likely to Ram Through Budget Bill as Talks Stall
Date: November 19, 2024
PARIS (Reuters) – France’s 2025 belt-tightening budget heads to the Senate next week, but few doubt the government will soon be obliged to bypass lawmakers with a risky constitutional measure that rams the legislation through parliament. With French public finances increasingly out of control, the 2025 budget bill seeks to squeeze 60 billion euros in...
German Union Says Auto and Engineering Workers to Get 5.5% Wage Rise
Date: November 12, 2024
By Alexander Hübner and Ilona Wissenbach MUNICH/FRANKFURT (Reuters) -Workers at German carmakers and engineering companies will receive a 5.5% wage increase over 25 months under a pilot deal struck with employers, the country’s largest industrial union said on Tuesday. The agreement, hammered out after a marathon 18 hours of tough negotiations, is set to cover...
Germany’s Ig Metall Union Says Agrees Wage Deal for Key Industries
Date: November 12, 2024
By Alexander Hübner MUNICH (Reuters) -Germany’s largest industrial union said it had struck a wage deal in regional talks for the electrical engineering and metal industries on Tuesday, signalling an end to difficult negotiations that saw tens of thousands of workers go on strike. After a marathon 18 hours of talks, the union said it...