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Top StoriesItalian Health Workers Strike Over Pay, Under-Investment
Top StoriesSwiss Industry Gloomy Over Prospects as Sales and Exports Slip
Top StoriesBank of Spain Puts Cost of October Floods at 0.2%/GDP in Fourth Quarter
Top StoriesCroatia to Clamp Down on Short-Term Tourist Rentals to Ease Price Squeeze
China Overtakes Germany in Industrial Use of Robots, Says Report
Date: November 20, 2024
BERLIN (Reuters) – China has overtaken Germany in the use of robots in industry, an annual report published by the International Federation of Robotics (IFR) showed on Wednesday, underscoring the challenges facing Europe’s biggest economy from Beijing. In terms of robot density, an important indicator for international comparisons of the automation of the manufacturing industry,...
Ukraine Passes 2025 Budget With Record Defence Spending
Date: November 19, 2024
By Olena Harmash KYIV (Reuters) -Ukraine’s parliament approved the 2025 state budget in the final reading on Tuesday, channelling more funds for Kyiv’s defence efforts as Russia’s full-scale invasion reached its 1,000th day. Ukraine plans to spend 2.2 trillion hryvnias ($53.7 billion), or about 26% of its gross domestic product, on defence and security next...
Allianz Trade Global Trade Outlook
Date: November 19, 2024
Following the results of the US elections, US-China relations will remain tense and continue to fragment global trade. A renewed but contained trade war could bring nominal global trade growth below 5% in 2026 (-0.6pp), with USD67bn of exports at risk in Europe and China in 2025-26 (half of the global total). Over the past...
Spain’s Public debt-to-GDP Ratio at end-September Down to 104.4%
Date: November 18, 2024
(Reuters) – Spain’s public debt-to-GDP ratio fell to 104.4% at the end of September, the Bank of Spain said on Monday. The debt-to-GDP ratio at the end of September was lower than the 108.2% registered in June and also lower than the 109.9% in September 2023, the central bank said. (Reporting by Tiago Brandao,...
S&P Revises Ireland’s Outlook on Apple Back-Tax Boost; Fitch Affirms Ratings
Date: November 16, 2024
(Reuters) -S&P Global Ratings revised Ireland’s outlook to “positive” from “stable” on Friday, citing extraordinary overperformance in corporate tax receipt collections, while peer agency Fitch affirmed its ratings at “AA” with a “stable” outlook. The positive outlook reflects the significant fiscal overperformance, particularly driven by corporation tax receipts, which are rebuilding the Irish government’s fiscal...
FTSE 100 Slips as Pharma Stocks Weigh
Date: November 16, 2024
(Reuters) -The main UK stock indexes slipped on Friday, with losses in AstraZeneca and GSK weighing on the blue-chip FTSE 100, while data showed Britain’s economy contracted unexpectedly in September. Shares of drugmakers AstraZeneca dropped 3.1% and GSK dipped 3.9%, tracking losses in U.S. and European vaccine makers after U.S. President-elect Donald Trump said he...