Economy
The Cost of Brexit for the UK: $170 Billion and Counting
Research by Bloomberg Economics estimates that the economic cost of Brexit has already hit 130 billion pounds ($170 billion), with a further…
Fitch Ratings affirm Malta’s ‘A+’ rating with Positive Outlook
Fitch Ratings has affirmed Malta's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A+' with a Positive Outlook, despite unfolding corruption allegations and…
ArcelorMittal – a reminder of the woes of Italy’s politics and economy
Italy’s government and the factory’s foreign operator, the steel giant ArcelorMittal, are engaged in a high-stakes fight over the plant’s future. The…
The challenges facing the euro
There has been a change in the guard in Europe. With very little in the way of fanfare, Christine Lagarde replaced Mario…
German car industry to slash more jobs in 2020
Germany’s main automobile industry body, the VDA, said it expects global car sales to fall by 5% this year, the steepest drop…
Germany plans rapid state intervention to protect key industries
German Economy Minister Peter Altmaier wants to set up a new government body with powers to decide quickly whether to take stakes…
Import duty on cars, clothes and other products in Switzerland may be scrapped
Import duties on various products including cars, clothes, and household appliances are set to be removed in Switzerland. If parliament approves the…
Italian consumer confidence lowest since 2017
Italian consumer confidence registered a "decisive drop" in November, with ISTAT's index falling to 108.5 points, the lowest level since July 2017,…
Euro zone business growth grinds to a halt as services struggle
Euro zone business growth almost ground to a halt this month as activity in the bloc’s dominant services industry increased at a…
Protests held in Iran after increase in fuel prices
Protests were held in several cities of Iran on early Saturday (local time) after the government announced effective measures to rationalise and…
Jobs at risk as China’s services sector feels heat of trade war
Annual profits at China’s Ningbo S-Power International Logistics Co are down a sharp 40% year-on-year. The firm’s woes highlight a bigger problem…
Germany narrowly avoids recession
The German economy has defied expectations of recession by growing 0.1 per cent in the third quarter as higher household and government…