economy of the continent
ECB Won’t Be Guided by US Economy in Setting Rates, Centeno Says
bloomberg.com/news/articles/2024-04-17/ecb-won-t-be-guided-by-us-economy-in-setting-rates-centeno-says
ECB Shouldn’t Rush Further Rate Cuts After June, Muller Says: The European Central Bank mustn’t rush into further interest rate cuts after a likely first step in ...
bloomberg.com/news/articles/2024-04-20/ecb-shouldn-t-rush-further-rate-cuts-after-june-muller-says
Bank of England Interest Rate Cuts Ahead of UK Election Aren't a Sure Thing: Voters may end up going to the polls with the Bank of England rate still ...
bloomberg.com/news/newsletters/2024-04-17/bank-of-england-interest-rate-cuts-ahead-of-uk-election-aren-t-a-sure-thing
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
What's behind big tech's outages?: Experts say tech outages do seem to be happening more often.
bbc.com/news/articles/cxrz350qyy5o
Oxford shuts down institute run by Elon Musk-backed philosopher: Nick Bostrom’s Future of Humanity Institute closed this week in what Swedish-born philosopher ...
theguardian.com/technology/2024/apr/19/oxford-future-of-humanity-institute-closes
Volkswagen workers vote to unionize in major win for organised labour: The United Autoworkers Union took a risk in a Republican - and often anti-union - part of ...
bbc.com/news/business-68861396
Bank of England’s Mann Warns World Fragmentation Means More Inflation Shocks: Bank of England policymaker Catherine Mann said the fragmenting global economy will ...
bloomberg.com/news/articles/2024-04-19/boe-s-mann-warns-world-fragmentation-means-more-inflation-shocks
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After a visit to Kiev: Habeck calls for more weapons for Ukraine: Robert Habeck had to go to an air raid shelter three times during his visit to Ukraine ...
spiegel.de/politik/deutschland/vizekanzler-robert-habeck-fordert-mehr-waffen-fuer-die-ukraine-a-9715c285-6a13-41c1-90f6-fa07388d85c3
Quick Glance: Habeck's Visit to Ukraine: Solidarity and Support
- Robert Habeck visits Ukraine to show German solidarity and promise support.
- Ukraine is in a war fighting for freedom and European values.
- Habeck brings business representatives to promote investments and boost arms production.
- Germany supports Ukraine with a Patriot air defense system and financial aid for the energy sector.
Tennessee Volkswagen employees overwhelmingly vote to join United Auto Workers union
apnews.com/article/volkswagen-union-vote-united-auto-workers-chattanooga-51544590d8a06efddfa2f6ac7db00fbe
Quick Glance: Historic Step: Volkswagen Workers in Tennessee Vote to Join Union
- Employees at a Volkswagen factory in Chattanooga, Tennessee, have decided to join the United Auto Workers union.
- This vote marks a significant milestone for the UAW's efforts to support nonunion factories.
- The decision has led to upcoming bargaining between Volkswagen and the union.
- The new UAW President Shawn Fain, backed by President Joe Biden, has previously led successful strikes against major automakers in Detroit resulting in lucrative new contracts.
Verstappen wins Chinese GP sprint race: Red Bull's triple world champion Max Verstappen won the first sprint race of the Formula One season at the Chinese Grand ...
reuters.com/sports/formula1/verstappen-wins-chinese-gp-sprint-race-2024-04-20/
Quick Glance: Chinese Grand Prix: Drama for Verstappen's Victory March?
- The Chinese Grand Prix could bring drama to Formula 1, and Red Bull's Max Verstappen isn't a guaranteed winner.
- The track is unknown and coated with thin asphalt, causing uncertain driving conditions.
- McLaren's Lando Norris secured the pole for the sprint race after a rainy qualifying session that challenged drivers.
- Practices revealed unusual names at the top, hinting at an entertaining race ahead.
Volkswagen workers in Tennessee vote to join union in win for UAW: Victory was part of a $40mn campaign to organise workers at 13 mostly foreign-owned carmakers ...
ft.com/content/ffdc7515-1443-475e-8852-2e5392b70cf5
Enrico Letta: Europe's economy is falling behind, 'we can't wait any longer': In an interview with Le Monde, the former Italian prime minister suggests using ...
lemonde.fr/en/economy/article/2024/04/19/enrico-letta-europe-s-economy-is-falling-behind-we-can-t-wait-any-longer_6668853_19.html
Quick Glance: Europe's Economy Falling Behind: Enrico Letta Urges Action
- Former Italian Prime Minister Enrico Letta suggests using European savings for the green and digital transition, pooling 10% of state aid, and initiating a new recovery plan to help the European economy catch up with the US.
- Letta presented his report on the internal market to the EU-27 in Brussels, highlighting that only a minority of companies and citizens in Europe fully benefit from the internal market, leading to the EU lagging behind the US and China.
- European companies underutilize economies of scale in sectors like energy, telecoms, and financial markets within the internal market. The market fragmentation hinders growth and competitiveness against global counterparts.
- Letta advocates for creating a fifth freedom for research, innovation, and skills within the internal market and updating competition rules in strategic sectors to promote European champions and ensure consumer protection.
3 Octapharma Plasma centers in Columbus among those across U.S. closed by 'network issues'
dispatch.com/story/news/local/2024/04/19/network-issues-close-octapharma-plasma-centers-in-columbus-and-across-united-states/73377703007/
Record value for financial assets: German private households are richer than ever
n-tv.de/wirtschaft/Deutsche-Privathaushalte-sind-so-reich-wie-nie-article24882901.html
Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth
- German private individuals hold a net wealth of 7716 billion euros.
- Stocks and investment funds saw significant gains in the last quarter.
- Cash and bank deposits remain the largest component of wealth.
- Household net wealth increases by 244 billion euros to 5560 billion euros.
Pandemic treaty: Does the WHO not know what a pandemic is?: Pandemic agreements and new international health regulations are to be adopted at the end of May ...
berliner-zeitung.de/open-source/pandemievertrag-weiss-die-who-nicht-was-eine-pandemie-ist-li.2206827
Poland to get $266 million from World Bank for Clean Air program, finance minister says
reuters.com/world/europe/poland-get-266-million-world-bank-clean-air-program-finance-minister-says-2024-04-20/
Just when it looked like rate cuts were coming any minute now, inflation has reared its head and the strength of the dollar is forcing other central bankers to ... Show more www.reuters.com/business/take-five/global-markets-themes-graphic-2024-04-19/
Sweets, water, baby food: Nestlé under criticism: At the Nestlé general meeting, a request from shareholders to restrict the sale of sweets was rejected ...
nzz.ch/wirtschaft/suessigkeiten-wasser-babynahrung-nestle-geraet-ins-sperrfeuer-der-kritik-ld.1826976
Rate Chokehold on World Economy Is Set to Loosen Only Slowly: The high tide for global interest rates has passed, but respite for the world economy may be ...
bloomberg.com/news/articles/2024-04-14/rate-chokehold-on-world-economy-is-set-to-loosen-only-slowly
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Orbán opens EU election campaign with criticism of Brussels and Ukraine aid: According to the Hungarian Prime Minister, there is a majority in Brussels for the ...
de.euronews.com/2024/04/19/orban-eroffnet-eu-wahlkampf-mit-kritik-an-brussel-und-ukraine-hilfe
ECB Needs to Remain Restrictive Even If Cuts Start, Nagel Says
bloomberg.com/news/articles/2024-04-19/ecb-needs-to-remain-restrictive-even-if-cuts-start-nagel-says
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How France Is Fighting ‘Shrinkflation’: Merchants will be required to put signs in front of all products that have been reduced in size without a corresponding ...
nytimes.com/2024/04/19/business/france-economy-food-prices-shrinkflation.html
Turkey’s Central Bank Head Vows ‘Whatever It Takes’ on Inflation - Bloomberg: Turkish central bank Governor Fatih Karahan promised to do “whatever it takes” to ...
bloomberg.com/news/articles/2024-04-19/turkey-s-central-bank-head-vows-whatever-it-takes-on-inflation
Paid articlePaid SNB Acknowledges Market Expectations of Further Rate Cuts: The Swiss National Bank acknowledges that investors anticipate more reductions in borrowing costs soon ...
bloomberg.com/news/articles/2024-04-18/snb-acknowledges-market-expectations-of-more-interest-rate-cuts
Paid articlePaid Takeover after bankruptcy: Nougat giant Viba swallows Hussel, Arko and Eilles: In February, the confectionery retailers Hussel, Arko and Eilles filed for ...
n-tv.de/wirtschaft/Nougatriese-Viba-schluckt-Hussel-Arko-und-Eilles-article24887873.html
Laura Müller: Fans horrified by music video - "Really bad": Fans waited eagerly for Laura Müller's video for days. The anticipation was great ...
t-online.de/unterhaltung/stars/id_100388962/laura-mueller-fans-entsetzt-von-musikvideo-wirklich-schlimm-.html
Quick Glance: Laura Müller: New Singer with Controversial Music Video
- On April 18, Laura Müller released her first single.
- After speculations, she revealed a provocative music video.
- Fans had mixed reactions to the secrecy and the video.
- Discrepancies surrounding the Wendlers' OnlyFans channel were uncovered.
IMF predicts 'soft landing' for European economy despite challenges ｜ DPA
nordot.app/1154129614023590910
People in Germany have more money than ever before. Private financial assets amounted to 7,716 billion euros at the end of 2023 - a record ... Show more
VW Workers in Tennessee Vote for Union: The Volkswagen plant in Chattanooga is set to become the first unionized auto factory in the South not owned by one of ...
nytimes.com/2024/04/19/business/economy/volkswagen-united-automobile-workers-union.html
Forecast for 2024: Pensioners pay almost 50 billion euros in taxes: Pensioners also have to pay taxes - the revenue for the tax authorities is significant ...
spiegel.de/wirtschaft/rentner-zahlen-fast-50-milliarden-euro-steuern-prognose-fuer-2024-a-ecf56b33-02c7-492b-99be-5ca085058761
Taxes: The super-rich pay less than the middle class: The number of billionaires is increasing. At the same time, the tax rates that apply to the super-rich are ...
wiwo.de/finanzen/geldanlage/vermoegensverteilung-studie-beweist-superreiche-zahlen-weniger-steuern-als-der-mittelstand/29764214.html
The German chancellor’s awkward meeting with China’s boss: It is time for Xi Jinping to accept that Germany isn’t America’s puppet
economist.com/europe/2024/04/18/the-german-chancellors-awkward-meeting-with-chinas-boss
Norway wealth fund backs reappointment of BP chair: Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, said on Saturday it would ...
reuters.com/business/energy/norway-wealth-fund-backs-reappointment-bp-chair-2024-04-20/
Robert Habeck wants Germany to rebuild Ukraine: A defense industry delegation from Berlin spies opportunities amid the rubble.
politico.eu/article/robert-habeck-wants-germany-to-rebuild-ukraine/
Hungary's Orbán launches EU election campaign with pledge to 'occupy Brussels': Hungary's prime minister has portrayed Europe as a continent teetering on the ...
apnews.com/article/orban-hungary-eu-elections-c06a7625d8d4f8d5d4f550caf9a34178
WHO: Bird flu viruses detected in high concentrations in raw milk: A high number of bird flu viruses have now also been detected in food. Just recently ...
berliner-zeitung.de/news/who-vogelgrippe-viren-in-hoher-konzentration-in-rohmilch-infizierter-kuehe-li.2207705
Hungary's Orban tells EU top officials their time is up: The European Union's top officials must be replaced as they do not deserve another chance after the ...
reuters.com/world/europe/get-your-hat-leave-hungarys-orban-tells-eu-top-officials-2024-04-19/
Norfolk emergency charity receives donation from King's trust : Norfolk Accident Rescue Service (NARS) receives a donation from the Privy Purse Charitable Trust.
bbc.com/news/articles/cv20pj7318do
In politics, reality rarely matches rhetoric.
And the reality is Britain will probably never seize Russia’s money. 🔗 www.politico.eu/article/londongrad-forever-uk-never-seize-russia-assets-ukraine-war-sanctions/
Despite currently faltering demand, Bosch boss Stefan Hartung assumes that electromobility will increase massively almost everywhere in the world by 2023 ... Show more
ECB's Simkus Says Could Make Back-to-Back Summer Interest-Rate Cuts: The European Central Bank could lower borrowing costs in both June and July ...
bloomberg.com/news/articles/2024-04-19/ecb-could-make-back-to-back-summer-rate-cuts-simkus-says
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Billionaire tycoon Bernard Arnault's 5 children are all nepo babies: Frédéric Arnault was made CEO of TAG Heuer aged just 25, while Alexandre Arnault is an ...
businessinsider.com/bernard-arnault-lvmh-children-delphine-antoine-alexandre-frederic-jean-dior-2023-1
Paid articlePaidQuick Glance: Bernard Arnault: The World's Richest Man
- Bernard Arnault, CEO of LVMH, has brought all his five children into the business.
- Arnault is the world's richest man with a net worth of $221 billion.
- Two of his sons have joined the LVMH board, making four out of five of his children now on the board.
- Arnault has introduced his children into the business and speculation arises about the future leadership of the company.
ECB's Wunsch sees multiple rate cuts this year as likely: The European Central Bank is likely to cut interest rates multiple times this year ...
reuters.com/markets/europe/ecbs-wunsch-sees-multiple-rate-cuts-this-year-likely-2024-04-19/
German vice chancellor spends morning in Kiev air raid shelter: Germany's Vice Chancellor Robert Habeck began Friday in a bomb shelter in Kiev because of the ...
nordot.app/1153982313512845518
Master! Red Bull Salzburg celebrates third title in a row after a sweeping win: Red Bull Salzburg smashed the KAC 6-2 away in the final game seven and won their ...
sn.at/sport/regionalsport/meister-red-bull-salzburg-kantersieg-titel-serie-157074439
Tesla to recall 3,878 Cybertrucks over faulty accelerator pedal, NHTSA says: Tesla is recalling 3,878 Cybertrucks to fix an accelerator pedal pad that could come ...
reuters.com/business/autos-transportation/tesla-recall-3878-cybertrucks-nhtsa-says-2024-04-19/
Quick Glance: Tesla Cybertrucks Recall Issued
- Tesla responds to defective accelerator pedals in nearly 3,900 Cybertruck pickups causing unintended acceleration.
- The recall involves Cybertruck vehicles manufactured between November 2023 and April 2024.
- An unauthorized use of soap during the accelerator pedal assembly likely led to the defect.
- Tesla voluntarily recalled the vehicles on April 12 due to two customer complaints.
Spain Says Germany Can Find a Way to Make Joint EU Borrowing Work: The European Union will be able to find a way to raise more joint debt that is acceptable to ...
bloomberg.com/news/articles/2024-04-19/spain-says-germany-can-find-a-way-to-make-joint-eu-borrowing-work
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EU imposes sanctions against violent West Bank settlers: The European Union said on Friday it had agreed to impose sanctions against four people and two entities ...
reuters.com/world/middle-east/eu-imposes-sanctions-against-violent-west-bank-settlers-2024-04-19/
German hardware brand Roccat disappears: The parent company Turtle Beach is eliminating the Roccat brand. The popular gaming accessories will continue to be ...
heise.de/news/Deutsche-Hardware-Marke-Roccat-verschwindet-9691160.html
The Nasdaq and the S&P 500 ended lower as Netflix shares weighed, but American Express kept the Dow afloat, while growing pessimism that the Federal ... Show more reut.rs/3UrchAa
Europe Faces Twin Blow If ECB and Fed Don’t Cut, Scicluna Warns: The euro zone’s stuttering economy would face a twin blow should interest rates not be lowered ...
bloomberg.com/news/articles/2024-04-19/europe-faces-twin-blow-if-ecb-and-fed-don-t-cut-scicluna-warns
Photographer Oliviero Toscani at the Museum of Design: Provocation is a good thing
nzz.ch/feuilleton/oliviero-toscani-provokation-ist-etwas-gutes-wenn-kunst-nicht-provoziert-ist-sie-schlecht-und-langweilig-ld.1825954
Quick Glance: Oliviero Toscani: Photography and Provocation
- Oliviero Toscani's advertising communication made history by attracting attention and provoking the public with controversial images.
- His photographs address taboo topics such as love, sex, and death, prompting questions about ethics, aesthetics, gender, and racism, giving them artistic value.
- Toscani gained international recognition as a photographer, exploring societal issues like the Black Community in New York, and creating fashion and advertising campaigns for United Colors of Benetton.
- His provocative advertising campaigns, featuring themes like same-sex couples and AIDS awareness, sparked controversies and established Toscani as a controversial yet influential photographer.
Standard Chartered Offers 10% Deposit Rate in Hong Kong to Draw China Cash: Standard Chartered Plc is offering short-term deposit rates of as high as 10% as the ...
bloomberg.com/news/articles/2024-04-19/stanchart-dangles-10-deposit-rate-in-hk-to-draw-china-cash
E-mobility: Bosch warns against weakening climate goals: Even if the boom in electric cars is still a long time coming, the world's largest auto supplier is ...
faz.net/aktuell/wirtschaft/e-mobilitaet-bosch-warnt-vor-aufweichung-der-klima-ziele-19662267.html
Quick Glance: Bosch warns against Climate Goals Dilution
- Bosch expands electric car commitment despite challenges.
- Job cuts and protests at Bosch due to economic difficulties.
- Bosch focuses on electromobility, despite current demand issues.
- Bosch insists on climate goals, plans to increase revenue by 2026.
Man Group Sees Clients Pull $1.6 Billion in the First Quarter: Man Group Plc reported $1.6 billion of outflows from its funds during the first three months of ...
bloomberg.com/news/articles/2024-04-19/man-group-sees-clients-pull-1-6-billion-in-the-first-quarter
Scholz Warns of Jeopardizing ECB Rate Cut With Inflation Rebound: German Chancellor Olaf Scholz urged restraint to avoid a new bout of inflation that would ...
bloomberg.com/news/articles/2024-04-19/scholz-warns-of-jeopardizing-ecb-rate-cut-with-inflation-rebound
Paid articlePaid ECB’s Rehn Says Time Will Be Ripe in June to Start Cutting Rates: European Central Bank Governing Council member Olli Rehn joined fellow policymakers in ...
bloomberg.com/news/articles/2024-04-18/ecb-s-rehn-says-time-will-be-ripe-in-june-to-start-cutting-rates
Paid articlePaid The European Central Bank is poised to order Italy's UniCredit to cut back its business with Russia, sources said, as the regulator exerts pressure to choke ...
reut.rs/4d1UOFE
Because of the e-car lull: gas station giant lays off employees: The oil companies are facing major challenges and investments in view of the changes in the ...
focus.de/finanzen/ladeinfrastruktur-ausbau-verlangsamt-wegen-e-auto-flaute-tankstellen-riese-entlaesst-mitarbeiter_id_259868242.html
Habeck's convoy passes smoke column near Odessa after Russian attack: German Vice-Chancellor Robert Habeck came within sight of the aftermath of a Russian ...
nordot.app/1154137713474749005
Deutsche Bank Has Cut Dozens in Asia Private Banking Overhaul: Deutsche Bank AG trimmed 10 private banking roles in Asia over the past week ...
bloomberg.com/news/articles/2024-04-19/deutsche-bank-has-cut-dozens-in-asia-private-banking-overhaul
Sanctions on Russian Metal Will Test the Limits of Its Epic Railroads: Moscow officials have turned east. Adapting the country’s vast logistics networks is ...
bloomberg.com/news/newsletters/2024-04-19/sanctions-on-russian-metal-will-test-the-limits-of-its-epic-railroads
IMF urges Italy, France to spend less, Germany to loosen purse strings: Italy and France should cut spending faster than they currently plan to keep debt under ...
reuters.com/world/europe/imf-urges-italy-france-spend-less-germany-loosen-purse-strings-2024-04-19/
Weak demand: Tesla separates hundreds of employees in Germany: Tesla boss Elon Musk plans to cut more than one in ten jobs at the electric car manufacturer ...
fr.de/wirtschaft/gruenheide-elektroauto-tesla-stellenabbau-deutschland-mitarbeiter-jobs-93018007.html
The self-absorbed arguments the ARD boss uses to demand more money from us: ARD boss Kai Gniffke has now also joined the debate about higher broadcasting fees ...
focus.de/kultur/kino_tv/kommentar-von-hugo-mueller-vogg-die-selbstverliebten-argumente-mit-denen-der-ard-chef-mehr-geld-von-uns-fordert_id_259867705.html
WHO likely to issue wider alert on contaminated J&J cough syrup: The World Health Organization is likely to issue a wider warning about contaminated Johnson and ...
reuters.com/business/healthcare-pharmaceuticals/who-says-wider-alert-contaminated-jj-cough-syrup-likely-2024-04-19/
Ukraine’s Allies Fear the Worst and Hope for a Turning Point: Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of ...
bloomberg.com/news/newsletters/2024-04-19/ukraine-s-allies-fear-the-worst-and-hope-for-a-turning-point
Supermarket holds onto customers through cohabitation: AB Vassilopoulos is following up its ‘cohabitation’ deal with Holland & Barrett and Pepco ...
ekathimerini.com/economy/1236806/supermarket-holds-onto-customers-through-cohabitation/
Alstom sells North American conventional signalling business for around $670 mln
reuters.com/markets/deals/alstom-sells-north-american-conventional-signalling-business-around-670-mln-2024-04-19/
Cybercriminals threaten to leak all 5 million records from stolen database of high-risk individuals
theregister.com/2024/04/19/cybercriminals_threaten_to_leak_all/
Apple's offer to open up tap-and-go tech to be approved by EU next month, sources say
reut.rs/3UqEyXe
The ‘brain waste’ of skilled migrants in Europe: A new investigation shows how countries hold back educated people from overseas from working in their fields of ...
ft.com/content/58b9ade8-43b8-4b7a-8f77-d4129123fd07
Honda to invest $808 million in Brazil by 2030: Japanese automaker Honda will invest 4.2 billion reais ($807.74 million) in its Itirapina plant in Brazil by 2030 ...
reuters.com/business/autos-transportation/honda-invest-808-million-brazil-by-2030-2024-04-19/
ECB's Lagarde says inflation more likely to ease but risks both ways: Euro zone inflation is likely to decline further and the European Central Bank may cut ...
reuters.com/markets/rates-bonds/ecbs-lagarde-says-inflation-more-likely-ease-risks-both-ways-2024-04-19/
Ghana’s newly imported train from Poland collides with lorry in test run: The train rammed into a lorry parked along the Tema-Mpakadan railway line ...
bbc.com/news/world-africa-68853014
Bank customer withdraws 3,600 euros - Afterwards his stomach turns: A bank customer withdrew a large sum of cash from an ATM. But what happened next must have ...
derwesten.de/panorama/vermischtes/geld-bargeld-abheben-geldscheine-bank-sparkasse-volksbank-automat-euro-hund-id300928524.html
Dutch privacy watchdog recommends government organisations stop using Facebook: The Dutch privacy watchdog AP on Friday said it was recommending that government ...
reuters.com/world/europe/dutch-privacy-watchdog-recommends-government-organisations-stop-using-facebook-2024-04-19/
Giorgio Armani Succession: Fashion Icon Doesn’t Rule Out Merger, IPO: Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes ...
bloomberg.com/news/articles/2024-04-19/giorgio-armani-succession-fashion-icon-doesn-t-rule-out-merger-ipo
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