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German economy on the brink as inflation hits 28-year high – Eurozone on alert | World | News
According to the Federal Statistical Office, consumer prices rose by 4.5% in October compared to the same month last year. The Wiesbaden authority last measured an inflation rate of 4.5% in 1993. In September, inflation had already passed the 4% mark to 4.1%. Compared to September, consumer prices increased by 0.5% in October. Imported goods …
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Spanish economy: the number of employees in Spain exceeds 20 million for the first time since 2008 | Economy and business
The health of the Spanish labor market continues to recover as the effects of the coronavirus pandemic wear off. The number of employed workers increased in the third quarter of 2021 by 359,300 people to reach a total of 20,031,000. Not only is this an increase of 1.83% compared to the previous quarter, but it …
Financial executives say default risk is already hurting economy
President Biden met with finance officials on Wednesday as he continued to try to put maximum pressure on Senate Republicans to raise the debt ceiling by October 18, when the Treasury Department said the United States would default. Shortly after the meeting, Senator Mitch McConnell, the minority leader, appeared to give in to his opposition …
Brexit News: Collapsing German economy proves supply issues are a global problem | World | News
Julian Jessop took to social media after the latest monthly business climate survey was released by the Munich-based Institute for Economic Research (IFO). The IFO gathers the opinion of 9,000 companies in industry, services, commerce and construction by asking them about their current view of the business situation and their expectations for the next six …
Editorial: Beware of our drift towards a high tax economy
In recent years, Emmanuel Macron and other French leaders have gone to great lengths to attract international companies across the Channel to French soil. It has gone from sublime (investment dinners in Versailles) to ridiculous (‘Normandie Times’ advertisements in British newspapers looking for trendy entrepreneurs … allergic to post-Brexit tariffs). In the city at least, …
Striketober and the gig economy
Workforce • October 21, 2021 • Ben Wray What does “Striketober†mean for the concert economy? Something moving among the workers? There are signs of a noticeable increase in strikes internationally. In the United States, where unions have been shattered by decades of neoliberalism, a strike wave, nicknamed “Striketober,” includes manufacturers John Deere, Hollywood movie …
Kiwichips as an example of circular economy
“Four years ago we started growing yellow and red kiwis in the Crati Valley, in the province of Cosenza in Calabria. The estate covers approximately 110 hectares. The orchard is part of the Jingold Consortium. The kiwis that we grow are not suitable for the fresh market because they are too big. They are not …
Despite low unemployment, state economy suffers from declining labor market participation | New
MONTGOMERY, Alabama – Alabama’s unemployment rate of 3.1% is the lowest in the Southeast and one of the lowest in the country. Heads of state have repeatedly highlighted this impressive mark as a sign of the state’s economic recovery from the throes of the COVID-19 pandemic, which saw unemployment soar to nearly 14% last year …
The economy on the brink, the Taliban rely on former technocrats
KABUL, Afghanistan (AP) — When the Taliban took power, they saw Afghanistan’s economy rapidly approaching the brink and faced heartbreaking predictions of growing poverty and hunger. So they ordered the chief financial officers of the collapsed former government back to work, with an urgent directive: do your job, because we can’t. In the 20 years …
Cautiously optimistic forecast by Cuban Minister of Economy
By El Toque HAVANA TIME – Cuba’s economic recovery forecast does not exceed 2%, after GDP fell 10.9% last year and the earlier, more optimistic forecast of 6% growth. Nearly 24 months of cumulative crisis, made worse by the combined effects of US sanctions and the COVID-19 pandemic, 2021 has not been a better year: …
Brexit Britain’s Hidden Gold Mine from ALGUES to Boost Economy, Reduce Emissions | Sciences | New
British aquaculture company Seafields is developing and testing new technologies focused on growing and catching sargassum, a type of large brown algae. It has exploded in growth over the past few years after escaping its normal environment in the Sargasso Sea. Not only does Seafileds intend to remove over a billion metric tonnes of CO2 …
Chinese economy stumbles over electricity crisis and real estate issues
By Kevin Yao and Gabriel Crossley BEIJING (Reuters) – China’s economy hit its slowest growth rate in a year in the third quarter, hit by power shortages and swings in the real estate sector, underscoring the challenge facing policymakers as ‘They seek to support a faltering recovery while controlling the real estate sector. Gross domestic …
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No standing room or bathroom: inside the pod hotels in Spain | Economy and business
Iñaki Zabala (l) and Iker Caballero in the pod Optimi Rooms hostel in Bilbao.OSKAR GONZALEZ (OSKAR GONZALEZ) They look more like spaceships than hotels. White walls, neon lights, strange architectural shapes on the walls but above all rooms in the shape of capsules measuring two meters wide by one meter long. These are the so-called …
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Spanish economy: More money for regions, defense, science: the Spanish government details its expansive budget plan | Economy and business
Details of the draft budget that the center-left government of Pedro Sánchez presented to the Spanish parliament on Wednesday show a record public spending program for 2022 thanks in large part to an influx of European funds to mitigate the effects of the coronavirus pandemic. The leader of the Socialist Party (PSOE), who heads a …
World Energy Outlook 2021 shows that a new energy economy is emerging
A new energy economy is emerging around the world with the rise of solar, wind, electric and other low-carbon technologies. But as the pivotal moment of COP26 approaches, the new World Energy Outlook makes it clear that this progress on clean energy is still far too slow to drive a sustained drop in global emissions …
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Budget deficit: IMF lowers Spain’s growth forecast for 2021 to 5.7% | Economy and business
In its new World Economic Outlook for October 2021, the International Monetary Fund (IMF) partly coincides with the Spanish government’s own macroeconomic forecasts for this year and the next, but disagrees with its projections for long-term deficit. The international organization has slashed Spain’s growth outlook for 2021 to 5.7%, five tenths of a point lower …
Spain: energy costs, steel giant cuts production – economy
MADRID – A large Spanish steel company based in the Basque Country, Sidenor, will partially halt production due to electricity costs considered unsustainable, according to a press release from the company. Sidenor has decided to cut 20 days of production planned by the end of the year, a reduction of 30%. “Sidenor pays 227 euros …
“Bangladeshi expatriates in Spain contribute massively to the EU economy”
Spanish Ambassador to Bangladesh Francisco de AsÃs BenÃtez Salas praised the contribution of Bangladeshi expatriates to the EU economy over the years, in a conversation with Dhaka Tribuneof Imtiaz Ahmed and on the untapped bilateral potential between the two countries Bangladesh-Spain bilateral trade has reached nearly $ 1 billion. What is the bilateral trade target …
Community capitalism, with Alex Pentland
Community capitalism Alex ‘Sandy’ Pentland MIT’82 DoctorateToshiba Professor of Media Arts and SciencesDirector of the Media Lab Entrepreneurship Program There is a general feeling that our social systems are not working very well, and we need to rethink both our political and financial economic systems. Professor Pentland will argue that the key ideas are captured …
Four in ten parents would leave their children in economy seats on an airplane if offered an upgrade | Travel News | To travel
As a result, nearly one in ten would leave a child of any age alone if they had the free chance to “turn left” and sit in luxury with a glass of champagne. The same percentage would wait until their child is over five years old before doing so, nine per cent consider 10 years …
German economy to hit slowdown as auto industry ‘critical’ – ‘much worse’ than months ago | World | News
The Munich-based Ifo Institute warned that confidence hit a six-month low following prolonged shortages in September, dragging down the world’s biggest car industry. Ifo said: “The situation in Germany remains critical: order books fell from 17.1 points in August to 5.3 points [in September]. In July, the order book was still valued at 52.5 points. …
Gasoline delivery seeks to join the on-demand economy
For some consumers, the idea of ​​ordering groceries online for same-day delivery by the store wouldn’t even have crossed their minds two years ago. But after months of a global pandemic that accelerated digital adoption and other trends, shopping for same-day delivery in online marketplaces has become second nature. Mike McConnell, CEO of mobile fuel …
Boris Johnson contemplates post-COVID economy as British Tories meet
LONDON (AP) – British Prime Minister Boris Johnson has said he is ready to take “bold decisions” to rebuild the economy after the coronavirus pandemic like his Conservative Party meets on Sunday for its first annual conference since 2019. The Tory conference opens Sunday in the city of Manchester, in the north-west, due to a …
This Time It’s the Economy: Mapping the Issues That Produced the German Federal Election Outcome
What political issues determined party support in the 2021 German federal elections? Davide Angelucci, Lorenzo De Sio, Heiko Giebler and Werner Krause present the conclusions of an analysis of the main issues that encouraged electoral alternation during the campaign. They find that the SPD’s victory was mainly motivated by its credibility on economic issues. The …