He Gross Domestic Product (GDP) of Italy It grew by 3.7% in 2022, mainly thanks to construction, according to updated data published today by the National Institute of Statistics (ISTAT), which had previously estimated an increase of 3.9%. Internal demand was fundamental to the growth of the economy, which contributed positively to the dynamics of […]
Tag: Europe
Imports of liquefied natural gas in Europe grow by 63% in 2022
European imports of liquefied natural gas (LNG) grew 63% in 2022 to compensate for the interruption of supply by Russian gas pipelines, according to a report by the International Energy Agency (AIE) published on Tuesday. Strong demand from Europe boosted prices, leading the global LNG market to double in value by 2022, to $450 billion, […]
Iberia agrees to buy Air Europa for 400 million euros
International Airlines Groupowner of Iberia, reported Thursday that it agreed to pay 400 million euros (423.84 million dollars) to the Spanish Globalia for 80% of the airline Air Europe which he did not yet own. IAG, which also owns British Airways, said in a statement that the transaction will allow it to improve its position […]
Euronext presents an offer for the purchase of the Allfunds platform
Euronextthe company that manages seven European stock markets, announced today that it has submitted an offer to take over the Spanish investment fund platform Allfunds. In response to “recent speculation in the pressEuronext confirmed in a statement that “has submitted an indicative offer to the Allfunds board and is in active discussions with the major […]
A year of war leaves pain and resilience in the global economy
An Egyptian widow has trouble affording meat and eggs for her five children. The owner of a laundromat Germany He sees exasperated how his electricity bill is multiplied by five. Some Nigerian bakeries close, unable to bear the exorbitant price of flour. One year after Russia invaded Ukraine on February 24, 2022 and caused widespread […]
The country that suffered the worst inflation on record and where prices doubled every 15 hours
Much is known of the inflation and how it can cause the prices of basic products to rise in a matter of hours. Hungary knows very well about this economic concept and suffered the worst inflation recorded in 1946. At its peak it reached 41,900,000,000,000,000%. Reason why every fifteen hours, the average prices doubled. The […]
Ford will cut 3,800 jobs in Europe in the next three years
American automobile manufacturer Ford announced Tuesday that it will cut 3,800 jobs over the next three years in Europeciting the need to increase competitiveness and focus on its future electric models. The company said 1,700 product development positions and 600 administrative functions will be cut in Germany. In the UK, 1,000 development division jobs and […]
ECB: Green debt purchases have little effect on pollution
purchases of green debt have little effect on eurozone and global pollution, according to a report from the European Central Bank (ECB)but they can accelerate investments in technologies for ecological transformation. In a study published Monday, ECB economists Alessandro Ferrari and Valerio Nispi Landi examine whether central bank purchases of green debt contribute to reducing […]
Benfica, the factory of millions of Europe
The transfer of Argentine Enzo Fernández broke records in the premier league English, but it was not the biggest sale made by the Benficathe new millionaire talent factory of the soccer European, since that distinction currently falls on one of the jewels from his quarry, João Félix. In 2019, Atlético de Madrid agreed to pay […]
Largest euro zone companies see stagnation or mild contraction
The 73 largest companies in the euro area are watching “a broad stagnation or mild contraction of economic activity in the fourth quarter, but with notable differences between sectors”according to a survey carried out by the European Central Bank (ECB). Many companies said in the survey, which the ECB conducted between January 4 and 12 […]