The company announced that it will close certain operations, “particularly in Europe”in response to these challenges. Dow will also be reducing purchases of raw materials and looking to reduce logistics and utility costs, according to a statement sent Thursday. The maker of plastics, chemicals and agricultural products cited macroeconomic challenges as well as higher energy […]
Tag: Europe
The French luxury group LVMH broke sales and profit records in 2022
The group French LVMHthe world leader in luxury, announced Thursday that its sales and net profit reached new highs last year, thanks to strong demand in Europe Y USA. Sales totaled 79,184 million euros (about 86,000 million dollars), and net profit 14,084 million euros in 2022. Both figures represent a record for the group, which […]
The supply of government bonds will reach a maximum after quantitative reduction
The supply of euro area government bonds will reach a record high when the European Central Bank (ECB) reduce its debt portfolio, a reduction that will be 15,000 million euros per month on average as of March, by ceasing to reinvest maturing bonds. The ECB will announce details of the quantitative reduction of the debt […]
Stock rally will collide with recession, says JPMorgan’s Kolanovic
“Fundamentals are deteriorating and the market has been going higher. So that has to collide at some point.” the bank’s chief global markets strategist and co-head of global research said in a television interview with CNBC. He expects a recession in the United States and Europe, as interest rates rise and consumers become less resilient. […]
ECB will continue to raise its rate at a “sustained pace”
Extent. Christine Lagarde, president of the European Central Bank, asserted that the objective is to reduce inflation levels. The President of the European Central Bank (ECB), christine lagarde, insisted that they are going to raise interest rates. Lagarde told the annual reception for Deutsche Börse, manager of the Frankfurt Stock Exchange, that interest rates still […]
Latin America: Extreme poverty reached its highest level in 25 years
Impact. Inflation and the global slowdown in 2022 hit neighboring economies hard, including Peru. Likewise, ECLAC warns that these figures will not drop in 2023. The countries of the Latin American continent begin 2023 with complicated and uncertain forecasts, after leaving a year marked by a strong inflation and a global crisis caused by the […]
Eurozone registers increase in business activity and hopes to avoid a recession
Business activity in the euro zone grew in January for the first time in six months, according to the PMI survey, a result that strengthens expectations that Europe avoid falling into recession. The S&P Global Flash PMI index, based on business surveys, rose to 50.2, after standing at 49.3 in December. In this indicator, an […]
A network that introduced cocaine into Europe from America with sailboats falls
An operation between Spain Y France allowed the dismantling of an organization accused of introducing cocaine into Europe through sailboats from America, with fifteen detainees and one thousand kilos of this drug seized, the Spanish Police and Civil Guard reported on Tuesday. Most of the cocaine, 740 kilos, was seized last December on one of […]
Hertz will offer 25,000 electric vehicles to Uber drivers in Europe
Hertz will offer 25,000 electric vehicles for drivers of uber in Europe between now and 2025, the two companies announced Tuesday in a joint statement. The first cars will be available in London from January. Then follow Paris, Amsterdam and other major European cities. Brand models Tesla Y Polestara subsidiary of Swedish Volvo and from […]
EU plans changes in pharmaceutical legislation to avoid drug shortages
The proposed changes to the pharmaceutical legislation of the European Union They will include stricter obligations for the supply of medicines and earlier notifications in case of shortages, the bloc’s Health Commissioner declared on Tuesday. Stella Kyriakides declared in a session of the European Parliament that the shortage of antibiotics is a growing problem in […]