Economy
Britain’s economy avoids recession
Britain’s economy avoided a recession in the third quarter after it expanded by 0.3% but the annual pace of growth was the…
Plan to increase Portugal’s minimum wage
The new Portuguese government plans to raise minimum wages in Portugal, as new data reveals the country has one of the lowest…
China’s consumer prices rise at fastest clip in nearly 8 years
China’s producer prices fell the most in more than three years in October, as the manufacturing sector weakened on declining demand and…
France’s privatisation push with sale of national lottery stake
The French government has launched its biggest wave of privatisations in more than a decade, kicking off the process with the sale…
EU cuts growth forecast, Italy worst performer in EU
The European Commission said Thursday that it has cut its growth forecast for Italy for 2020 from 0.7% to 0.4%. In its…
China seeks to attract more foreign investment
China’s cabinet issued guidelines on Thursday aimed at attracting more foreign investors, including plans to encourage investment in its hi-tech industries. China…
France to set up regional quotas for foreign worker permits
France will establish a quota system, by region and profession, for issuing work permits to non-EU citizens, the country's Labour Minister Muriel…
Italy’s job crisis is a national emergency – Conte
Italy's job crisis of the past decade has "taken on the character of a national emergency", said Italian Premier Giuseppe Conte on…
Global economy enters a ‘synchronised stagnation’ period – FT
The global economy has entered a period of “synchronised stagnation” with weak growth in some countries and no growth or a mild…
UK firms to cut costs and hiring in next 12 months
Prolonged political uncertainty in Britain is forcing finance directors to cut costs and hold off hiring to help companies prepare for an…
Big possibility Germany may avoid recession
German industrial output rose unexpectedly in August, data showed, suggesting Europe’s largest economy may yet skirt recession. Industrial output rose by 0.3%…
Italy in danger of entering recession
The CSC research unit of Italian industrial employers' confederation Confindustria said Monday that Italy is "still on the threshold of zero growth"…