News Team

Putin, Xi, and Ukraine: Ongoing Talks on the Agenda

Russian President Vladimir Putin and Chinese President Xi Jinping held a series of meetings in Moscow this week, discussing their countries’ close cooperation, among other issues. Notably, Putin expressed his openness to China’s peace plan to end the conflict in Ukraine, which Xi had presented. This reinforced the strategic alliance between the two leaders, which …

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Schroders and the eternal dilemma: Is sustainable investment less profitable?

Schroders and the eternal dilemma: Is sustainable investment less profitable?

“The short answer is no,” say this expert. Academic evidence shows that sustainable investing often does not detract from financial returns. But that doesn’t eliminate customer concerns. And the most nuanced answer is: it depends. Yes, sustainable investment approaches can improve risk-return profiles, through better risk management, better fundamental analysis and/or exposures to more favourable …

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Profits under pressure in listed companies in the food chain

Profits under pressure in listed companies in the food chain

Most listed companies dedicated to the food sector in Spain have made profits in 2022, despite inflationary pressure. Next, a review of the results of the companies in the sector listed on the Madrid Stock Exchange, according to the latest data communicated to the National Securities Market Commission. AMREST The Amrest restaurant group, which operates …

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France’s pension reform riots increase pressure on Macron

France's pension reform riots increase pressure on Macron

French President Emmanuel Macron faced the biggest challenge to his authority since the so-called “yellow vest” protests on Friday after his government’s decision to push by decree for a questionable pension overhaul without a parliamentary vote sparked violent riots overnight. Cars were set on fire in Paris and other French cities during spontaneous demonstrations involving …

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Xi to travel to Russia next week to tout his peace plan for Ukraine

Xi to travel to Russia next week to tout his peace plan for Ukraine

Chinese President Xi Jinping will travel to Russia next week for talks with President Vladimir Putin, the two countries announced on Friday, as Beijing touts a plan to end Ukraine’s bloody war that has been warmly welcomed by both sides. Xi’s March 20-22 trip comes after China last month published a 12-point plan for “a …

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Warning strikes at four German airports with 583 cancellations

Warning strikes at four German airports with 583 cancellations

A total of 583 flights were canceled today in Germany as a result of warning strikes called on Friday at four airports in the country, which according to the Federation of German Airports (ADV) affected about 76,000 passengers. The partial stoppages follow those carried out last Monday in four other airports – Berlin, Hamburg, Hannover …

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Repsol abandons its LNG terminal project on Canada’s east coast

Repsol abandons its LNG terminal project on Canada's east coast

Repsol has decided not to develop a liquefied natural gas terminal on Canada’s east coast because it would cost too much to ship the gas to the terminal, the company said on Thursday. The Spanish company had been studying the development of a liquefied natural gas (LNG) export terminal in Saint John, in the Canadian …

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Deutsche Bank paid its CEO 8.9 million euros in 2022

Deutsche Bank paid its CEO 8.9 million euros in 2022

Deutsche Bank paid Chief Executive Christian Sewing 8.9 million euros ($9.49 million) in 2022, up slightly from 8.8 million euros a year earlier, the bank revealed on Friday, rewarding him for a third straight year of profit and for reaching key milestones in the German bank’s restructuring. The set of premiums for the entire bank …

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Inflation in the Eurozone: 5 keys this Friday on the stock market

Inflation in the Eurozone

Today we will be waiting for the confirmation of the CPI data in the Eurozone. Business results season continues. The petroleum It is trading upwards. Cryptocurrencies are also moving higher this morning. Here are the five factors that investors should consider today when making their decisions: 1. CPI in the EurozoneAt 11:00 Spanish time we …

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The dollar loses positions; Bank support drives relief rebound

The dollar loses positions; Bank support drives relief rebound

The U.S. dollar lost ground at the start of trading in Europe on Friday and riskier currencies rose as concerns about a global banking crisis eased. At 10:25 am (CET), the Dollar Index, which tracks the currency’s performance against a basket of six other major currencies, fell 0.4% to 103.715. The foreign exchange market has …

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Wall Street down; Weakness in the banking sector continues

Wall Street down; Weakness in the banking sector continues

U.S. stocks fell Thursday as investors continued to distrust bank stocks and as new economic data clouded the outlook for interest rates. At 9:52 ET (13:52 GMT), the Dow Jones Industrial Average lost 228 points or 0.7%, while the S&P 500 lost 0.1% and the NASDAQ It lost 0.1%. First Republic Bank (NYSE) stock:FRC) fell …

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MercadoLibre will invest 3,600 million dollars in Brazil this year

MercadoLibre will invest 3,600 million dollars in Brazil this year

MercadoLibre Inc. said on Thursday it expects to invest 19 billion reais ($000.3 billion) in Brazil this year, up 600.11 percent from 5. The South American e-commerce and financial services giant, which in 2018 had invested 1,000 million reais in the country, has upped its ante in Brazil in recent years, especially after the increase …

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Wall Street falls after ECB raises rates despite banking fears

Wall Street falls after ECB raises rates despite banking fears

Wall Street’s main indexes fell on Thursday after the European Central Bank raised its main interest rate, despite fears of a global banking crisis, stoking concerns that the Federal Reserve could also tighten monetary policy for longer. The European Central Bank approved a 50 basis point rate hike on Thursday, sticking to its fight against …

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Boeing delivers first 787 Dreamliner since multi-week hiatus in February

Boeing delivers first 787 Dreamliner since multi-week hiatus in February

Boeing (NYSE:BA) delivered a 787 Dreamliner to German airline Lufthansa (ETR) on, the first since the Federal Aviation Administration suspended deliveries in late February. A Boeing spokesman confirmed the delivery to Reuters. The FAA halted deliveries of the 787 on Feb. 23 due to a data analysis error related to the plane’s front pressure bulkhead, …

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ECB sticks to monetary roadmap despite banking turmoil

ECB sticks to monetary roadmap despite banking turmoil

The European Central Bank raised interest rates by 50 basis points on Thursday as it had previously promised to curb inflation, ignoring chaos in financial markets and investor calls to curb monetary tightening at least until confidence stabilizes. The ECB has been raising rates in recent months at the fastest pace in its history, but …

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ICC forecasts largest global maize harvest in 2023/24 season

ICC forecasts largest global maize harvest in 2023/24 season

The International Grains Council (ICC) forecast on Thursday that global production of corn It will increase to 1,202 million tonnes in the 2023/24 season, compared to 1,150 million in the previous season. The intergovernmental body, which publishes its first full set of projections for 2023/24, forecasts that global production of wheat fell to 787 million …

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OPEC+ believes oil price drop is due to financial reasons: delegates

OPEC+ believes oil price drop is due to financial reasons: delegates

OPEC+ believes falling prices of the petroleum this week’s more than one-year lows is due to financial fears rather than an imbalance between supply and demand, and the market is expected to stabilise, four delegates from the producer group told Reuters. Crude sank to 15-month lows on Wednesday, with the Brent below $72 a barrel, …

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ECB questions banks over links to Credit Suisse: sources

ECB questions banks over links to Credit Suisse: sources

The European Central Bank has contacted banks under its surveillance to ask them about their exposure to Credit Suisse (SIX:CSGN), two supervisory sources told Reuters. One of the sources cautioned, however, that he considered Credit Suisse’s problems to be bank-specific, rather than systemic. Credit Suisse was poised to lose nearly a fifth of its value …

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Wall Street futures fall: Concern for banking returns

Wall Street futures fall: Concern for banking returns

U.S. stock futures fell on Wednesday as investors continue to look cautiously at banks since the emerging recovery in U.S. stocks lost steam in Europe. At 13:00 (CET), the Dow futures down 537 points or 1.66%, S&P 500 futures 69 points or 1.76% are left and the Nasdaq 100 futures They lost 199 points or …

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Moody’s and Goldman are at stake: “I don’t think the Fed will raise rates this month”

Moody's and Goldman are at stake: "I don't think the Fed will raise rates this month"

The Chief Economist at Moody’s (NYSE:MCO) Analytics, Mark Zandi, believes that the US Federal Reserve (Fed) is unlikely to raise interest rates in its March meeting, as there is a “burden of uncertainty” around recent bank failures. The financial turbulence of recent days will certainly affect monetary policy decision-making when the Federal Open Market Committee …

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A 20% drop in Credit Suisse shares punishes European banks

A 20% drop in Credit Suisse shares punishes European banks

European bank stocks took a fresh hit on Wednesday with Credit Suisse (SIX:CSGNPlunged to new record lows after the bank’s largest shareholder said it cannot increase its 10% stake over regulatory issues. Credit Suisse fell below 2 Swiss francs ($2.18) for the first time in its history, after Saudi National Bank said it cannot exceed …

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BoJ accommodating; a day for the ECB: 5 keys this Wednesday on the stock market

BoJ accommodating; a day for the ECB: 5 keys this Wednesday on the stock market

Pending the European Central Bank’s (ECB) interest rate decision on Thursday, today the Bank of Japan has reiterated its accommodative policy. Business results season continues. The petroleum Quote with increases. Cryptocurrencies move with rises this morning. Here are the five factors that investors should consider today when making their decisions: 1. Minutes of the BoJThis …

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Turkey wants to extend grains deal by 120 days – Defense Minister

Turkey wants to extend grains deal by 120 days - Defense Minister

Turkey will continue talks to extend a deal allowing grain to be shipped from Ukrainian Black Sea ports for 120 days instead of 60, Turkish Defense Minister Hulusi Akar said on Wednesday. “We started negotiations according to the initial version of the agreement. The continuation of the agreement is important. We will continue our contacts …

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China and air transport rebound will boost oil demand: IEA

China and air transport rebound will boost oil demand: IEA

Global demand for petroleum is slowly increasing, but is bracing for a big boost thanks to the resumption of air travel and China’s economic reopening after COVID-19 restrictions, the International Energy Agency (IEA) said on Wednesday. “Global oil demand growth started 2023 with a sigh, but is forecast to end the year with a bang,” …

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LNG terminals and French refineries extend strike to second week

LNG terminals and French refineries extend strike to second week

A strike against the French government’s planned pension reform dragged on Wednesday for a second straight week at French refineries and warehouses, while liquefied natural gas (LNG) terminals were blocked. A broad alliance of unions has called for an eighth day of street protests across France since mid-January to reject President Emmanuel Macron’s plans to …

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Investors punish Inditex for its spending plans

Investors punish Inditex for its spending plans

Inditex, which owns Zara stores, said sales of its spring-summer 2023 collection soared in the past six weeks, but its shares fell on Wednesday after the Spanish textile chain signaled higher spending on technology and automation. Inditex (BME:ITX) has extended its lead over its Swedish competitor H&M (ST:HMb), partly due to a less price-sensitive customer …

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Sterling awaits British budget, dollar stabilizes as SVB fears ease

Sterling awaits British budget, dollar stabilizes as SVB fears ease

The British government’s pound and euro stabilized ahead of the British government’s budget announcement on Wednesday and the European Central Bank’s looming interest rate hike on Thursday. The dollar also stabilized as fears of a banking crisis eased and investors lowered bets on a U.S. rate cut. Sterling was down 0.11 percent at $1.2146 and …

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Tense calm grips markets after SVB turmoil

Tense calm grips markets after SVB turmoil

Efforts by regulators and financial executives to assuage fears of contagion sparked by the collapse of Silicon Valley Bank (SVB) bolstered sentiment on Wednesday. Nonetheless, in a week in which global bank stocks have plunged – the regional bank index of the S&P 500 has fallen by 18%—the environment remains fragile. The European Central Bank …

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Unions call for show of force in the face of Macron’s pension reform

Unions call for show of force in the face of Macron's pension reform

Garbage is piling up in Paris, liquefied natural gas operations are suspended and rail services cancelled on Wednesday, as unions urged a show of force against President Emmanuel Macron’s pension reform neared final steps in parliament. A broad alliance of unions has called for an eighth day of street protests across France since mid-January to …

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Online Gambling Regulations Around the World

Online gambling has become a very popular source of entertainment for some time now. People across the world like to spend some quality time wagering on sports events or simply settling down to play for real money online and enjoy some casino games. But since online gambling does, in fact involve real money, it needs to be …

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Exploring the Different Types of Custom T-Shirt Printing Techniques

Exploring the Different Types of Custom T-Shirt Printing Techniques

Custom T-shirt printing is a great way to express yourself, show your creativity and make unique garments that stand out from the crowd. But with so many different types of printing techniques available on the market, it can be quite overwhelming to find out which one is best suited for your particular project. Whether you’re …

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US futures rise while waiting for key inflation data

US futures rise while waiting for key inflation data

U.S. stocks are set to an opening higher on Tuesday after Tuesday’s volatile day marked by concerns about the collapse of Silicon Valley Bank, as investors await the release of significant inflation data. At 13:00 (CET), the contract of Dow futures up 102 points or 0.32%, the S&P 500 futures A rise of 13 points …

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Tense calm ahead of CPI in the US: What to expect

Tense calm ahead of CPI in the US: What to expect

European markets in green this Tuesday -Ibex 35, CAC 40, DAX…- after the sharp falls of yesterday and waiting to know the data of inflation in the United States corresponding to the month of February. “In principle, the growth rate is expected to have moderated in the month compared to January. If not, the pressure …

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French retailer Casino sells its stake in Brazil’s Assai

French retailer Casino sells its stake in Brazil's Assai

Casino launched a sale of shares in Brazilian supermarket chain Assai on Tuesday as the French supermarket operator pressed ahead with debt reduction. Casino said it would sell 12.9% of Assai’s share capital, representing 174 million shares. According to the French company, the sale is part of its previously announced asset sale plans. Based on …

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Credit Suisse points to “material deficiencies” in its financial information

Credit Suisse points to "material deficiencies" in its financial information

Credit Suisse (SIX:CSGN) published its delayed annual report on Tuesday, identifying “significant deficiencies” in its internal controls over financial reporting and saying it has not yet curbed customer outflows. “As of December 31, 2022, the Group’s internal control over financial reporting is not effective and, for the same reasons, management has reassessed and reached the …

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Crypto exchange Binance to suspend sterling transfers

Crypto exchange Binance to suspend sterling transfers

Binance will halt its sterling deposits and withdrawals, a company spokesman said on Tuesday, a month after the exchange ceased dollar transfers. Binance was informed by its partner for transfers in pounds, Paysafe (LON:PAYS), which would discontinue its services from May 22, the spokesman said, affecting all of the firm’s clients. Transfers in the British …

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Stocks fall and tension grips markets

Stocks fall and tension grips markets

Global stocks fell on Tuesday as the looming U.S. banking crisis prompted investors to lower their expectations for interest rate hikes, even ahead of key inflation data due later in the day. As recently as a week ago, investors were recovering from a reality check that led many to assume that rates around the world …

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EU converges on principles of new debt rules, but details are missing

EU converges on principles of new debt rules, but details are missing

European Union finance ministers agree on the general principles of reforming European fiscal rules to better adapt them to post-COVID economic realities, but crucial details remain to be negotiated, according to a document. The draft conclusions of a meeting of the 27 EU finance ministers on Tuesday show that EU countries support much of the …

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Eurozone bank stress indicator hits highest level in eight months

Eurozone bank stress indicator hits highest level in eight months

A gauge of credit risk in the euro area banking system jumped to its highest level since mid-July on Tuesday, in line with rising levels of investor panic over the risk of crisis contagion at three U.S. banks in less than a week. The so-called FRA-OIS spread, which measures the difference between the euro area’s …

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Volkswagen to invest €180 billion in electric vehicle target

Volkswagen to invest €180 billion in electric vehicle target

Volkswagen plans to invest 180 billion euros ($000.192 billion) over the next five years in areas such as battery production and its North American operations, the company announced Tuesday, while spending on combustion engines will shrink from 760. With a goal of reaching 50% EV sales worldwide by 2030, more than two-thirds of its five-year …

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Biden to defend U.S. banking system after SVB and Signature collapse

Biden to defend U.S. banking system after SVB and Signature collapse

President Joe Biden will tackle the banking crisis on Monday that prompted U.S. regulators to intervene with a series of emergency measures following the failures of Silicon Valley Bank and Signature Bank that threatened to trigger a broader crisis. Biden on Sunday hinted at new regulation of big banks following the biggest U.S. bank failure …

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Wall Street futures on the rise: Banks weighed down despite bailout

Wall Street futures on the rise: Banks weighed down despite bailout

U.S. stocks point to an opening higher on Monday as investors digest measures taken over the weekend to protect the country’s banking system following the collapse of SVB Financial Group (NASDAQ:SIVB), as well as the possible impact on future Federal Reserve rate hikes. At 13:00 (CET), the contract of Dow futures up 35 points, or …

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AXA IM warns: “Rates can hardly rise without triggering pain”

AXA IM warns: "Rates can hardly rise without triggering pain"

The trickle of expert statements continues on this black Monday for the markets -Ibex 35, CAC 40, DAX…- after the stock market crash caused by the fall of SVB Financial Group (NASDAQ:SIVB). Gilles Moëc, Chief Economist at fund manager AXA (EPA):AXAF) Investment Managers, analyzes the disappearance of Silicon Valley Bank and its direct consequences for …

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Banking sinks: Can the ‘panic effect’ slow down the Fed’s plans?

Banking sinks: Can the 'panic effect' slow down the Fed's plans?

Markets in red this Monday -Ibex 35, CAC 40, DAX…- for fear that the crash of SVB Financial Group (NASDAQ:SIVB) has caused investors and the contagion effect at international level in sectors such as banking. In Europe, the sector index is left almost 4%, with red lanterns such as Commerzbank (ETR:CBKG) or Banco Sabadell (BME:KNOW) …

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Crash SVB, US inflation, ECB rates: 5 keys to watch this week

ECB questions banks over links to Credit Suisse: sources

Amid the aftermath of the biggest bank failure since the 2008 financial crisis, investors will focus on this week’s U.S. inflation data, which will be a key test for markets already under heavy pressure from concerns surrounding the Federal Reserve’s campaign to control inflation. On the other hand, everything indicates that the European Central Bank …

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Oil falls on market turmoil on banking fears

Oil falls on market turmoil on banking fears

Oil prices fell along with stock markets on Monday as Silicon Valley Bank collapsed raised fears of a new financial crisis, although a recovery in Chinese demand provided some support. At 1001 GMT, futures Brent crude lost $1.44, or 1.7 percent, to $81.34 a barrel, and those of the West Texas Intermediate (WTI) was subtracting …

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European bank stocks fall and bonds rise despite SVB bailout

European bank stocks fall and bonds rise despite SVB bailout

European bank shares fell the most in more than a year on Monday and bond markets saw a huge appreciation of bets on rate hikes as global efforts to limit the fallout from the Silicon Valley Bank (SVB) collapse failed to calm fears. The dollar also fell, as Wall Street heavyweights such as Goldman Sachs …

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Aena’s passenger traffic exceeds pre-pandemic levels in February

Aena's passenger traffic exceeds pre-pandemic levels in February

Passenger traffic at Spain’s Aena airports exceeded pre-pandemic levels in February for the second consecutive month, the company said Monday. With almost 17 million, the number of passengers in February was 2.2% higher than in the same month of 2019. The busiest airport was Madrid’s Adolfo Suárez Barajas, with more than 4 million passengers, 0.6% …

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Dollar Falls as Fed Rate Hike Expectations Drop After SVB Collapse

Sterling awaits British budget, dollar stabilizes as SVB fears ease

The dollar fell on Monday on growing expectations that the Federal Reserve will be less aggressive on monetary policy after policymakers intervened to limit the fallout from Silicon Valley Bank’s sudden failure. The U.S. government announced several measures early in the session in Asia, saying all SVB customers will have access to their deposits starting …

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Gold rises as traders assess repercussions of SVB collapse

Gold rises as traders assess repercussions of SVB collapse

The gold It approached the $1,900 level on Monday as investors sought refuge from uncertainty caused by Silicon Valley Bank’s bankruptcy but were encouraged by bets that the Federal Reserve might be forced to moderate its rate hikes. Spot gold was up 0.9 percent at $1,885.37 an ounce at 0904 GMT. Earlier in the session, …

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Sixth day of strike at French refineries

Sixth day of strike at French refineries

Strikes blocking fuel supplies from French refineries continued for a sixth day on Monday after the Senate voted over the weekend in favour of President Emmanuel Macron’s unpopular pension reform plan. At the TotalEnergies Haulchin gas depot in northern France, several hundred union members joined a picket line and burned tires, preventing several trucks from …

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Germany imposes moratorium on SVB’s German subsidiary

Germany imposes moratorium on SVB's German subsidiary

German financial regulator BaFin said on Monday it had imposed a moratorium on the German branch of Silicon Valley Bank in the face of its crisis, saying the subsidiary had “no systemic significance”. The bank opened a small branch in 2018 after obtaining a license to grant loans. BaFin said the situation did not pose …

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General strike called in Greece for Thursday over train accident

General strike called in Greece for Thursday over train accident

The Greek unions of the private and public sectors, Gsee and Adedy, have called a 24-hour general strike in the country for this Thursday, demanding that “the real culprits” be found for the train accident in Greece that on February 28 left 57 dead. In a statement, Asedy said that officials demand “that the crime …

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The oil company Aramco increases its net profit by 46.5% in just one year

Saudi state oil company Aramco (TADAWUL):2222) recorded a record net profit of $2022.161 billion in 100, up 46.5 percent from the previous year, which is “its biggest annual profit” as a publicly traded company, the company announced Sunday. Those results, which have made it the most profitable oil company in the world, have been attributed …

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Baltic economies face weak growth and high inflation

Baltic economies face weak growth and high inflation

The economies of the Baltic states – Latvia, Estonia and Lithuania – are facing weak or negative growth rates in the first half of 2023 which, coupled with high food and energy prices, are already impacting households in the region. “I don’t expect much in terms of growth this year: Estonia and Latvia are in …

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French unions do not give up the battle for pensions

French unions do not give up the battle for pensions

French unions rule out that the battle against pension reform is lost, despite the adoption of the unpopular bill last night in the Senate, and warned against the “deafness” of the government in the face of the growing “anger” of the world of work. “The match is not over,” Laurent Berger, secretary general of the …

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Nissan’s reindustrialization opens a new stage focused on hiring

Nissan's reindustrialization opens a new stage focused on hiring

The final signing of the resolution of the tender to manage the Nissan plot (TYO:7201) in Barcelona will take place tomorrow, Monday, which will open a new stage in this long process of reindustrialization in which the focus will be on the hiring of former workers of the automaker. The award to the Australian logistics …

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Large telcos earn 7.7% less than before the pandemic in Spain

Large telcos earn 7.7% less than before the pandemic in Spain

The combined turnover of Telefónica (BME:TEF), Orange (EPA:PRAY) and Vodafone (LON:VOD) in Spain fell by 7.7% in 2022 compared to the period prior to the coronavirus pandemic, in a context marked by high competitiveness within the sector and the emergence of Digi as the fifth operator in the country. The three telecommunications companies jointly entered …

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