Recession: euro area economy shrinks since end of 2022.:
faz.net/aktuell/wirtschaft/rezessionskurs-wirtschaft-im-euroraum-schrumpft-seit-ende-2022-18949317.html
Story Details
| Last Updated | Jun 08 23 |
| Total Articles | 1 |
More articles on this subject
Previous
ECB’s Guindos Says June Cut Looks Like Set Deal If No Surprises: The European Central Bank is on course to lower interest rates at its June meeting ...
bloomberg.com/news/articles/2024-04-23/ecb-s-guindos-says-june-cut-looks-like-set-deal-if-no-surprises
Joseph Deiss: Interview with former Federal Councillor on Europe and Switzerland: He was always a great internationalist. Now former Federal Councillor Joseph ...
nzz.ch/schweiz/interview-joseph-deiss-ld.1825742
Quick Glance: Joseph Deiss: Wanderings in Switzerland and European Politics
- Joseph Deiss shares insights from exploring Switzerland in his new book.
- He emphasizes the practicality and diversity of the Swiss population and the country's efficiency.
- Deiss discusses Switzerland's relationship with the EU, critiques current policies, and advocates for accession.
- He reflects on his time in the Federal Council, the challenges faced, and Switzerland's political landscape.
ECB’s First Rate Cut Doesn’t Have to Kick Off Series, Nagel Says: The European Central Bank can’t commit to what will happen after a likely first reduction in ...
bloomberg.com/news/articles/2024-04-24/ecb-s-first-rate-cut-doesn-t-have-to-kick-off-series-nagel-says
Paid articlePaid
TikTok responds to EU ultimatum over new rewards-for-views scheme: A European Commission spokesman confirmed on Tuesday that it had received a reply from TikTok ...
nordot.app/1155541948764144102
Quick Glance: San Francisco's Real Estate Market in Turmoil
- The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.
- In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.
- Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'
- San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
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.
German staffer in EU parliament arrested on China spying charges: Employee of far-right AfD’s lead candidate is latest figure to be accused of passing ...
ft.com/content/aae50967-e728-4c72-ab52-0ed7ef68cd30
Quick Glance: German Far-Right MEP's Aide Arrested for Alleged Chinese Espionage
- The individual named Jian G. stands accused of sharing information about negotiations at the European Parliament with a Chinese intelligence service and spying on Chinese opposition figures in Germany, according to federal prosecutors.
- Jian Guo is listed as an accredited assistant to MEP Maximilian Krah, the far-right AfD party's lead candidate for the upcoming EU-wide elections on the European Parliament's website.
- The suspect was apprehended in Dresden on Monday and authorities conducted searches at his residences.
- Expressing concern, the AfD addressed the allegations.
Spain sees US-style economic boost from immigrant workers: Achieving her career ambitions in Spain has proved remarkably easy for Sara Hernandez ...
reut.rs/49SFRTA
Mykola Solskyj: Ukrainian Agriculture Minister apparently involved in corruption: The EU had made fighting corruption a condition for Ukraine's accession ...
spiegel.de/ausland/ukraine-agrarminister-mykola-solskyj-offenbar-in-korruption-verwickelt-a-ff5652a7-969c-4fbb-a92b-5a22cb518853
UK Economists Say Markets Betting Wrong on Interest Rate Cuts: The Bank of England has found itself caught in the middle of a trans-Atlantic divide over who will ...
bloomberg.com/news/articles/2024-04-22/uk-economists-say-markets-betting-wrong-on-interest-rate-cuts
Euro-Zone Consumers Increasingly Struggle to Pay for Housing: A rising number of euro-area consumers is struggling to pay for housing after years of above-target ...
bloomberg.com/news/articles/2024-04-22/euro-zone-consumers-increasingly-struggle-to-pay-for-housing
Debate on competitiveness: Europe must dare to be more capitalism: The USA has left the EU behind economically. The Europeans don't want to admit why this is: ...
spiegel.de/wirtschaft/wettbewerbsfaehigkeit-europa-muss-mehr-kapitalismus-wagen-a-2db11cb6-02c2-407b-acbf-37647461f52e
Chinese Banks Hold Lending Rates With Yuan Under Pressure: Banks in China maintained their benchmark lending rates on Monday, following the Chinese central ...
bloomberg.com/news/articles/2024-04-22/chinese-banks-hold-lending-rates-with-yuan-under-pressure
Paid articlePaid
Europe—but Not NATO—Should Send Troops to Ukraine: To Halt Russia’s Advance, Kyiv Needs More Boots on the Ground
foreignaffairs.com/ukraine/europe-not-nato-should-send-troops-ukraine
Paid articlePaidQuick Glance: Refugees Flee Violence in Southeastern Myanmar
- Thousands of people from Myanmar’s Kayin (Karen) State have fled to Thailand to escape the fighting between the junta and ethnic Karen troops.
- The Karen National Liberation Army (KNLA) captured the last military outpost in Myawaddy, leading to retreat and reinforcement by junta forces.
- The battles intensified, causing an influx of refugees crossing the Moei River into Thailand, with Thai authorities offering humanitarian aid.
- Thailand is fortifying its border defenses and providing assistance to refugees as the situation remains tense along the border.
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 Investors raise bets on euro falling to parity with dollar: Eurozone borrowing costs seen as likely to fall first as strength of US economy lowers chance of ...
ft.com/content/700f0282-e939-4441-8093-6e012c39f4bd
Sunak announces increase in defence spending to 2.5% of GDP by 2030: The prime minister said the world is "the most dangerous it's been since the end ...
bbc.com/news/av/uk-politics-68884595
Quick Glance: Sunak and Scholz Face Tension in Berlin Meeting
- Sunak announces £500 million aid for Ukraine and plans to increase defence spending by 2030.
- Germany criticizes UK's delay in defense spending for European security.
- Scholz will address Sunak on British defense commitments.
- Berlin expresses discontent over Sunak's defense spending delay and doubts Germany's rapid defense capability.
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
Stability Pact: The EU introduces new debt rules: The confederation of states has strict budget requirements that the member states must adhere to. However ...
nzz.ch/wirtschaft/stabilitaetspakt-die-eu-fuehrt-neue-schuldenregeln-ein-ld.1827553
TikTok Risks Fines as EU Issues Ultimatum Over App Launch: The European Union opened a new probe Monday into whether ByteDance Ltd. violated the bloc’s new ...
bloomberg.com/news/articles/2024-04-22/tiktok-risks-fines-as-eu-issues-ultimatum-over-app-launch
50 years of government deficit: France's memorable anniversary: France has not had a balanced budget since 1974. In the meantime, it has accumulated a record ...
nzz.ch/meinung/50-jahre-staatsdefizit-frankreichs-denkwuerdiges-jubilaeum-ld.1825735
EU launches investigation into Chinese medical device market: The European Commission launched an investigation on Wednesday into Chinese public procurement of ...
reuters.com/world/europe/eu-opens-investigation-into-chinese-medical-device-market-2024-04-24/
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
Latvia to stop teaching Russian as foreign language in schools: Children in Latvia will no longer learn Russian as a foreign language in schools from 2026 ...
kyivindependent.com/latvia-to-stop-teaching-russian-as-foreign-language-in-schools/
EU debt rules: Failed stability pact: The EU Parliament's approval of the “reform” of the Stability Pact is another low point in the struggle for a financial ...
faz.net/aktuell/wirtschaft/eu-schuldenregeln-gescheiterer-stabilitaetspakt-19673767.html
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 What are the new post-Brexit border controls starting on April 30?: On April 30, the second phase of Britain's new post-Brexit border controls for food imports ...
reuters.com/world/europe/what-are-new-post-brexit-border-controls-starting-april-30-2024-04-22/
Rights concerns, costs undermine Turkey-EU migrant deal, say auditors: Turkey's poor human rights record and economic factors are undermining the effectiveness ...
reuters.com/world/europe/rights-concerns-costs-undermine-turkey-eu-migrant-deal-say-auditors-2024-04-23/
Quick Glance: Rights Concerns, Costs Impact Turkiye-EU Migrant Deal
- Turkiye's poor human rights record and economic factors are undermining the effectiveness of the EU migration deal with Ankara.
- EU auditors raised concerns about NGOs' ability to operate projects due to Turkiye's authoritarian turn and crackdown on dissent.
- The report highlighted challenges in managing EU aid amidst Turkiye's economic downturn and rule of law backsliding by Ankara.
- The European Commission's lack of cost analysis and uncertainty post-aid end call for improvements in impact demonstration, sustainability, and value for money.
Chinese security equipment company raided in EU over foreign subsidies concerns: A Chinese security equipment company was raided by the European Commission at ...
reuters.com/world/europe/security-equipment-company-raided-eu-over-foreign-subsidies-concerns-2024-04-23/
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
Paid articlePaid Eurozone business activity rises to 11-month high: Data expected to reassure ECB officials that eurozone still on track for ‘soft landing’
ft.com/content/044eca63-1f8c-4f79-9d59-ab5d6733b893
Europe's bank earnings to offer interest rate reality check: Investors should get a clearer picture this week of whether higher interest rates are still boosting ...
reuters.com/business/finance/europes-bank-earnings-offer-interest-rate-reality-check-2024-04-22/
EU Raids Security Equipment Firm Under Foreign Subsidy Law: European Union watchdogs raided the premises of an unidentified security equipment firm in another ...
bloomberg.com/news/articles/2024-04-23/eu-raids-security-equipment-firm-under-foreign-subsidy-law
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
Paid articlePaid Morning Bid: Tanking Tesla reports, Europe business beats: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-23/
Quick Glance: Hope for Strong Quarterly Results Drives Wall St Stocks
- Wall Street stocks saw an increase on Monday as investors anticipated a busy week of quarterly results from key companies to gain insight into the health of the U.S. economy.
- All 11 S&P 500 sectors experienced growth, with technology and financial stocks leading the gains.
- In addition to the outstanding corporate earnings, markets are also looking forward to the upcoming release of the PCE data in March later this week to further understand the monetary policy trajectory.
- Megacap growth stocks showed gains, including Alphabet, Amazon.com, and Apple, along with Nvidia's increase to recover from a previous decline.
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
Paid articlePaid ECB’s Lane Says Current Disinflation Is ‘Necessarily Bumpy’: European Central Bank Chief Economist Philip Lane said the retreat in consumer-price growth is ...
bloomberg.com/news/articles/2024-04-15/ecb-s-lane-says-current-disinflation-is-necessarily-bumpy
Paid articlePaid Battle of inflation: ECB could initiate interest rate turnaround for the first time before the Fed
nzz.ch/wirtschaft/kampf-der-inflation-die-ezb-koennte-erstmals-in-ihrer-geschichte-vor-der-us-notenbank-die-zinswende-einleiten-ld.1826982
EU Is Set to Impose Iran Sanctions for Missile Attacks on Israel: European Union foreign and defense ministers are poised to reach a political agreement on ...
bloomberg.com/news/articles/2024-04-22/eu-is-set-to-impose-iran-sanctions-for-missile-attacks-on-israel
Paid articlePaid Exclusive: ECB governors fear Fed-style 'dot plot' would invite political pressure, sources say
reut.rs/3UakNC5
New EU regulation aims to reduce packaging waste in households: Large packages that contain more air than product will no longer be available in the EU in the ...
tagesschau.de/ausland/europa/eu-verpackung-muell-100.html
Nordea Posts Record Profit as Interest Rate Boost Continues: Nordea Bank Abp, the largest lender in the Nordic region, reported record profits and net interest ...
bloomberg.com/news/articles/2024-04-18/nordea-again-posts-net-interest-income-growth-beating-estimates
Exclusive: ECB governors fear Fed-style 'dot plot' would invite political pressure, sources say
reut.rs/4480lGy
EU Parliament confirms: Unsold fashion can no longer be destroyed: The Ecodesign Regulation has cleared the last major hurdle: in future it will be forbidden to ...
spiegel.de/wirtschaft/eu-unverkaufte-mode-darf-nicht-mehr-vernichtet-werden-a-5c145748-bb74-421e-abcf-578aa24766fa
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
Paid articlePaid German Opposition to Joint EU Debt Is Political as Well as Legal: German Finance Minister Christian Lindner said he’s opposed to a new round of joint debt ...
bloomberg.com/news/articles/2024-04-20/german-opposition-to-joint-eu-debt-is-political-as-well-as-legal
Paid articlePaid Germany's Scholz calls for banking union in Europe: German Chancellor Olaf Scholz on Tuesday called for the completion of a European banking union ...
reuters.com/world/europe/germanys-scholz-calls-banking-union-europe-2024-04-23/
EU law: Right to repair for consumers: Broken devices should be repaired instead of ending up in the trash. This is how the EU wants to protect the climate and ...
faz.net/aktuell/wirtschaft/klima-nachhaltigkeit/eu-gesetz-recht-auf-reparatur-fuer-verbraucher-19673184.html
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
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/
Ukraine war: ECB calls for Austria's RBI to withdraw more quickly from Russia: As the largest Western financial institution in Russia, Raiffeisenbank ...
nzz.ch/wirtschaft/ukraine-krieg-ezb-fordert-rascheren-rueckzug-von-oesterreichs-rbi-aus-russland-ld.1827370
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
What to do about the EU’s relative decline: The European Union will be marginalised if it continues to shrink compared to other parts of the world ...
reuters.com/breakingviews/what-do-about-eus-relative-decline-2024-04-22/
Quick Glance: Addressing the EU's Relative Decline
- The EU faces marginalization if it continues to shrink compared to other parts of the world.
- There are two ways to look at the EU's relative decline: living standards and power.
- The EU is dealing with different threats from aggressive Russia, China, and the United States.
- To tackle the challenges, the EU needs to strengthen its single market, invest in key industries, and focus on future technologies.
Repair instead of throwing away: New rights for EU consumers: The cell phone breaks after exactly two years and it is cheaper to buy a new one than to have it ...
rheinpfalz.de/wirtschaft_artikel,-reparieren-statt-wegwerfen-neue-rechte-f%C3%BCr-eu-verbraucher-_arid,5639441.html
Timing of first BoE rate cut splits economists between June and Q3: The Bank of England will wait until next quarter to lower borrowing costs ...
reuters.com/markets/rates-bonds/timing-first-boe-rate-cut-splits-economists-between-june-q3-2024-04-24/
Greek economy surges after decade of pain: A decade ago, Greece was in the throes of a devastating debt crisis marked by years of austerity, hardship and unrest ...
reuters.com/markets/europe/greek-economy-surges-after-decade-pain-2024-04-18/
EU's 2050 net zero goals at risk as EV rollout faces setbacks: The EU needs to rethink its policies to make a 2035 ban on new petrol car sales feasible as ...
reuters.com/business/autos-transportation/eus-2050-net-zero-goals-risk-ev-rollout-faces-setbacks-2024-04-22/
ECB’s Villeroy Says Green QE Neither Desirable, Nor Possible: The European Central Bank can’t be the solution to the funding challenges for the green transition ...
bloomberg.com/news/articles/2024-04-22/ecb-s-villeroy-says-green-qe-neither-desirable-nor-possible
Balance for 2023: A year of climate contrasts in Europe: 2023 was a year of extremes: heat, fires, high water levels. Climate change has brought new weather ...
zdf.de/nachrichten/panorama/klima-europa-extrem-2023-copernicus-100.html
Le Pen’s Party Wants the ECB to Help Fund the Green Transition: The far-right party of Marine Le Pen, which is on course to trounce French President Emmanuel ...
bloomberg.com/news/articles/2024-04-18/le-pen-s-party-wants-the-ecb-to-help-fund-the-green-transition
Paid articlePaid 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/
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/
Currencies calm but cautious after a weary week: The euro and yen were relatively steady in early Asian trading on Monday and the U.S. dollar stayed near its ...
reuters.com/markets/currencies/currencies-calm-cautious-after-weary-week-2024-04-22/
Italy expects ECB to start cutting rates in second half of year: Italy expects the European Central Bank (ECB) to start cutting interest rates from the second ...
reuters.com/markets/rates-bonds/italy-expects-ecb-start-cutting-rates-second-half-year-2024-04-22/
Iran-Israel tensions: Can Iran's economy handle a war?: Iran is suffering from inflation, currency depreciation and the impact of international sanctions ...
dw.com/en/iran-israel-tensions-can-irans-economy-handle-a-war/a-68862368
EU Gets Tougher With China After Being Played : Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European ...
bloomberg.com/news/newsletters/2024-04-16/eu-gets-tougher-with-china-after-being-played
ECB's Lagarde hints it is too early to review inflation target: European Central Bank President Christine Lagarde hinted on Wednesday that it was too early for ...
reuters.com/markets/europe/ecbs-lagarde-hints-it-is-too-early-review-inflation-target-2024-04-17/
ECB’s Nagel Says June Cut More Probable, But Still Caveats: CNBC: The European Central Bank is moving closer to lowering borrowing costs at its next policy ...
bloomberg.com/news/articles/2024-04-17/ecb-s-nagel-says-june-cut-more-probable-but-still-caveats-cnbc
Paid articlePaid All Powers Great and Small: Why Bigger Isn’t Always Better in Geopolitics: Why bigger isn’t always better in geopolitics.
foreignaffairs.com/reviews/all-powers-great-and-small-states
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
Broadcom's critics reject its cloud licensing changes: Broadcom's critics on Monday rejected the U.S. chipmaker's changes to its cloud licensing practices ...
reuters.com/technology/broadcoms-critics-reject-its-cloud-licensing-changes-2024-04-22/
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 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/
Mideast Crisis Jumps Up EU Agenda in Bid to Avert Wider War: Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the ...
bloomberg.com/news/newsletters/2024-04-15/mideast-crisis-jumps-up-eu-agenda-in-bid-to-avert-wider-war
Bremen Institute: Shipping traffic is likely to miss the climate target: According to EU guidelines, shipping should become climate neutral by 2050 ...
tagesschau.de/wirtschaft/weltwirtschaft/schiffsverkehr-klima-nachhaltigkeit-co2-emissionen-lng-e-fuels-100.html
Federal Reserve's preferred inflation gauge set to back rate-cut patience: Policymakers' preferred inflation gauge - the personal consumption expenditures price ...
business-standard.com/world-news/federal-reserve-s-preferred-inflation-gauge-set-to-back-rate-cut-patience-124042100049_1.html
Take Five: Dancing to the dollar's beat: Just when it looked like rate cuts were coming any minute now, inflation has reared its head and the strength of the ...
reuters.com/business/take-five/global-markets-themes-graphic-2024-04-19/
How a second Trump presidency could tear Europe apart: The former president’s return would cement a shift in the U.S. as a fact that can no longer be ignored.
politico.eu/article/donald-trump-second-term-presidency-united-states-tear-europe-eu-apart/
Next
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics