European retailers have been unlikely inventory market stars this 12 months, however a chronic interval of excessive borrowing prices and inflation has began to chunk,
Tag: europe
German recession to drive down Europe’s GDP growth in 2023
The eurozone financial system will develop slower than beforehand anticipated this yr, the European Commission forecast on Monday, as client demand suffers from excessive inflation
‘Blood money’: Austria summons EU envoy over Russian gas payments comments
Austria on Thursday mentioned it was it was summoning the European Commission’s envoy for reportedly criticizing the gradual tempo at which Vienna is weaning itself
Turkish manufacturing contracts, eurozone mired in downturn
Factory exercise in Türkiye contracted for a second month in August as a consequence of a slowdown in new orders as corporations confronted challenges securing
Galatasaray to face Bayern, Man Utd in Champions League group stage
Galatasaray will kick off their first UEFA Champions League marketing campaign in 4 years in a robust group that includes German heavyweights Bayern Munich and
Microsoft stops packaging Teams, Office in Europe over antitrust action
Microsoft will cease packaging its Teams videoconferencing app with its Office software program in Europe to move off antitrust penalties by regulators. The tech large
Greece wildfires ‘largest ever’ recorded in Europe
The European Commission referred to as the continued forest fires in Greece “the largest wildfire ever recorded in the EU,” whereas saying that the bloc
EU should be ready for new members in next decade: Bloc’s chief
The European Union’s chief Charles Michel mentioned the bloc ought to be able to let new members from jap Europe and the Balkans by 2030.
Germany upset over weak Russia sanctions impact
German Foreign Minister Annalena Baerbock expressed disappointment that Western sanctions towards Russia over the conflict in Ukraine weren’t having an “economic impact.” The United States
Eurozone grapples with escalating economic downturn in August
The eurozone economic system is contracting at its quickest price in three years as a steep decline in manufacturing begins to unfold to companies, a