German Economy Set to Grow Faster Than Expected, Says Bundesbank Chief

By admin November 11, 2026 No comment

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Germany’s economic recovery is gaining momentum, with growth expected to accelerate in the fourth quarter, according to Bundesbank President Joachim Nagel. Speaking at a conference in Riga on Wednesday, Nagel said the recovery was stronger than anticipated earlier this year, despite ongoing structural challenges. Germany, Europe’s largest economy, has

Fitch Downgrades France’s Outlook to Negative Amid Rising Debt Concerns

By admin October 31, 2026 No comment

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Fitch Ratings has revised France’s economic outlook from stable to negative, citing worsening public finances, weaker economic growth, rising borrowing costs and growing political instability. However, the agency maintained France’s Long-Term Issuer Default Rating at ‘A+’, warning that the country faces increasing challenges in stabilising its national debt. France’s

Italy Cuts Growth Forecast, Sees Economy Expanding 0.7% Through 2027

By admin June 5, 2026 No comment

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Italy’s national statistics bureau ISTAT has slightly lowered its economic growth forecast for 2026, projecting gross domestic product (GDP) growth of 0.7%, down from the 0.8% estimate issued in December. The agency also expects the economy to expand by 0.7% in 2027, supported by stronger-than-expected performance in the first quarter, when GDP rose 0.3% from […]

Maersk cuts 10,000 jobs as shipping demand falls

By admin November 4, 2023 No comment

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One of the world’s largest shipping companies, AP Moller-Maersk, has announced plans to cut an additional 3,500 jobs, following a previous reduction of 6,500 positions earlier in the year. The decision comes as a response to diminished demand and reduced freight rates. Maersk experienced a significant decline in profits, plummeting by 92% during the latest […]

Cuba Turns to Longtime Ally Russia Amidst Devastating Fuel Crisis

By admin July 5, 2023 No comment

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Cuba’s current fuel crisis has prompted the country to seek assistance from its historical ally, Russia. Cuban taxi driver Jorge Lloro, who drives a Soviet-era Lada, is reminded of the strong ties between the two nations. During the Cold War, around 100,000 Lada cars were imported to Cuba as a way to circumvent the long-standing […]