Home prices in the Eurozone rose 1.3 percent in this year’s second quarter, year over year, after contracting for four successive quarters.
Tag: Global Economy
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BP SCRAPS PLAN TO SLASH OIL AND GAS PRODUCTION BY 2030
Fossil fuels giant BP, one of the earliest oil companies to explore alternative fuels, has abandoned its goal of reducing oil and gas output by 40 percent by 2030, Reuters reported.
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EUROZONE INFLATION FALLS BELOW CENTRAL BANK’S 2-PERCENT TARGET
After registering 2.2 percent in August, inflation among the 20 countries that share the Eurozone currency fell to 1.8 percent in September, below the European Central Bank’s (ECB’s) 2-percent target.
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GERMAN FACTORIES RECEIVED FEWER NEW ORDERS AGAIN IN AUGUST
Orders for Germany’s industrial goods dropped 5.8 percent in August from July, almost three times the 2-percent slip that economists in a Reuters survey had expected.
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EUROZONE MANUFACTURING ACTIVITY SHRANK IN SEPTEMBER
The 20-country Eurozone saw factory activity decrease last month, according to the Hamburg Commerce Bank’s purchasing managers index (PMI).
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GLOBAL FOOD PRICES SPIKED IN SEPTEMBER
Last month, food prices worldwide rose the fastest at any time in the last 18 months, with sugar’s price climbing the most, the U.N.’s Food and Agriculture Organization (FAO) reported last week.
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OIL PRICES JUMP AS MIDEAST WAR EXPANDS
The price of Brent crude oil, the benchmark for world oil prices, spiked more than 9 percent last week, trading above $78 a barrel after Israel bombed targets in Lebanon and Iran and Israel exchanged aerial attacks.
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NETANYAHU’S GRIP IN ISRAEL STRENGTHENS AS U.S. PREPARES TO DEFEND COUNTRY FROM ‘IRANIAN ATTACK’
Israeli Prime Minister Benjamin Netanyahu managed to consolidate power Sunday when he appointed a former rival in his Cabinet.
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FAST-FASHION GIANT MISSING PROFITABILITY TARGET
Sweden’s H&M, the global fast-fashion house, has said it will likely not reach its goal of a 10-percent operating margin this fiscal year.
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VOLKSWAGEN CUTS ITS FINANCIAL OUTLOOK AGAIN
For the second time in less than three months, Volkswagen has pared back its 2024 financial projections, citing a weak market for its passenger cars.