Turkey’s central bank resumed its program of raising interest rates to battle skyrocketing inflation, which is severely hurting people’s finances. The increase was 5 percentage
Category: Europe
Swisscom to build synergy by acquiring Vodafone Italia in an $8.65b merger deal.
Swisscom, a telecom company, announced on Wednesday that it is in discussions with Vodafone Group to acquire its Italian business for a potential 8 billion
Japan enters a recession due to an aging population and loses spot as the third-largest economy in the world.
Japan’s economy shrank in the final quarter of 2023, lagging behind Germany to become the fourth largest in the world. According to Cabinet Office figures
Germany sells postal company shares for $2.3b to fund railway upgrades.
To reduce the government’s ownership and raise funds for the country’s rail network upgrades, Germany’s state-owned development bank sold shares in the firm that runs
France’s Macron, in a fresh start, appoints the youngest-ever and first openly gay prime minister.
In response to mounting political pressure from the far right, President Emmanuel Macron is seeking a fresh start for the remainder of his mandate. On
Russia’s labor shortage threatens economic growth and will remain acute in 2024.
The Izvestia Daily, which cited specialists and studies from the Russian Academy of Science’s Institute of Economics, stated on Sunday that Russia will continue to
New EU rules on hosting and reducing migrants will engender prison camps at borders.
The European Union came to an early agreement on new regulations on Wednesday. These regulations aim to limit the number of immigrants entering the country
20 big banks suffer capital erosion amid high interest rates and bad loans – ECB
The European Central Bank announced on Tuesday that it had increased capital requirements for twenty banks, citing a lack of reserves for defaulted loans as
Societe Generale bank embraces blockchain technology with a 10m euro digital green bond.
The third-largest listed bank in France, Societe Generale, announced on Monday that it had issued its first “digital green bond” on a public blockchain as
Europe’s property sector crisis pushes Signa group with $29b assets into insolvency.
Signa, the retail and real estate conglomerate, became bankrupt on Wednesday following the failure of desperate attempts to obtain new capital, becoming the largest victim
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