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InvestingEuropean Shares Open Higher at Start of Data-Packed Week
InvestingGerman Commercial Property Prices Drop but Show Some Stabilisation
Top StoriesAnalysis-As Its Industry Struggles, Germany Services Sector Offers Untapped Growth Potential
FinanceChina Unveils $1.4 Trln Local Debt Package but No Direct Stimulus
Italy Retail Sales Rise 1.2% M/m in September
Date: November 9, 2024
(Reuters) – Italian retail sales rose 1.2% in September from the month before, data showed on Friday, following a 0.3% fall in August. National statistics institute ISTAT marginally revised up August’s data from an originally reported 0.5% drop. Sales rose 0.7% in unadjusted year-on-year terms in September, ISTAT said. The data are expressed in value...
Fitch Moves to ‘positive’ Outlook on Spain
Date: November 9, 2024
(Reuters) -Credit ratings agency Fitch on Friday raised its outlook on Spain to “positive” from “stable”, citing improving structural factors that are likely to bolster the country’s GDP growth potential and resilience against external shocks. Positive labour market trends boosted by strong net migration and reform, improved competitiveness, and the absence of macro-financial imbalances, underpin...
World Food Prices Reach 18-month High in October, UN Says
Date: November 8, 2024
PARIS (Reuters) -World food prices rose in October to an 18-month high as vegetable oils led increases seen in most food staples, United Nations’ data showed on Friday. A price index compiled by the U.N. Food and Agriculture Organization (FAO) to track the most globally traded food commodities increased to 127.4 points last month, up...
Italy Unlikely to Reach Its 2024-2025 GDP Goals, Bank of Italy and Budget Watchdog Say
Date: November 6, 2024
ROME (Reuters) -The Italian government’s growth targets for 2024 and 2025 now look hard to achieve, the country’s central bank and budget watchdog UPB said on Tuesday. The Treasury set a growth target of 1% this year and 1.2% in 2025 in its multi-year budget plan unveiled in September. Italian gross domestic product stagnated in...
Doing Nothing Not an Option, German Liberals Tell Coalition Allies
Date: November 5, 2024
By Christian Kraemer BERLIN (Reuters) -German Finance Minister Christian Lindner asked his partners on Tuesday to make their own proposals on economic policy after the budgetary package his party floated last week brought Chancellor Olaf Scholz’s coalition to the brink of collapse. The loveless alliance was thrown into disarray when Lindner’s neo-liberal Free Democrats, the...
Analysis-China’s Latest Cry for More Babies May Fall on Deaf Ears
Date: November 5, 2024
By Farah Master HONG KONG (Reuters) – “Having three children is the best” says a vibrant neon pink sign at a wedding expo in the southern Chinese city of Changsha, where visitors can also pick up tips on tying the knot and men can strap on a pregnancy belly to experience childbirth pain. The marriage-themed...