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☆ Putin replaces Russia's defense minister with civilian economist in unexpected move
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: +3 min

In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin attends the Victory Day military parade in central Moscow on May 9, 2024. Mikhail Klimentyev | Afp | Getty ImagesRussian President Vladimir Putin tapped a civilian economist as his surprise new defense minister on Sunday in an attempt to gird Russia for economic war by trying to better utilize the defense budget and harness greater innovation to win in Ukraine. More than two years into the conflict, which has cost both sides heavy casualties, Putin proposed Andrei Belousov, a 65-year-old former deputy prime minister who specializes in economics, to replace his long-term ally, Sergei Shoigu, 68, as defense minister. That, said Peskov, meant it was vital to ensure such spending aligned with and was better integrated into the country's overall economy, which was why Putin now wanted a civilian economist in the defense ministry job. Putin's move, though unexpected, preserves balance at the top of the complex system of personal loyalties that make up the current political system.

Persons: Vladimir Putin, Mikhail Klimentyev, Putin, Andrei Belousov, Sergei Shoigu, Nikolai Patrushev, Patrushev, Dmitry Peskov, Peskov, Belousov, Alexander Baunov Organizations: Sputnik, Victory Day, Afp, Getty, Security, Putin, West, Defence, Carnegie Russia Eurasia Center Locations: Russian, Moscow, Russia, Ukraine, Soviet Union

☆ Spanish economy minister explains why he's opposed to BBVA's hostile takeover bid of Sabadell
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpanish economy minister explains why he's opposed to BBVA's hostile takeover bid of SabadellCarlos Cuerpo, Spain's economy, trade and business minister, explains why the Spanish government opposes BBVA's hostile takeover bid of Banco Sabadell. Cuerpo also weighs in on the status of a European capital markets union.

Persons: he's, Sabadell Carlos Cuerpo, Cuerpo Organizations: Sabadell, Banco Sabadell

☆ Lebanon is facing a 'serious crisis' with Syrian refugees, economy minister says
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLebanon is facing a 'serious crisis' with Syrian refugees, economy minister saysAmin Salam, Lebanon's minister of economy and trade, says the country should've taken a more "360 comprehensive approach" to the Syrian refugee issue.

Persons: Amin Salam

☆ Spain's BBVA takes aim again at $10 billion Sabadell
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: +2 min

The headquarters of the Spanish bank BBVA are seen in Madrid, Spain. Talk of a tie-up between Spain's second and fourth-largest banks comes almost four years after previous negotiations collapsed. The potential merger follows a period of consolidation in the sector as Spanish banks seek to cut costs and boost scale. For BBVA, a tie-up would boost its domestic business and increase lending to small and medium-sized companies, where Sabadell is strong. Spain's Economy Minister Carlos Cuerpo told Spanish news agency EFE that it was essential to preserve a competitive landscape in the financial sector.

Persons: BBVA's, Onur Genc, Carlos Torres, Joaquin Robles, JP Morgan, Carlos Cuerpo, EFE Organizations: BBVA, Sabadell, XTB, Unicaja, UBS, JPMorgan Locations: Spanish, Madrid, Spain, Santander's

☆ Saudi Arabia is desperately trying to convince everyone that Neom megaproject is going just fine
▼ + stars: | 2024-04-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Saudi Arabia insists its Neom megacity project is on track. The Saudi economy minister told CNBC there was "no change in scale" for the project. The kingdom's been battling reports that its ambitious desert city has suffered setbacks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSaudi Arabia says its Neom megacity project is going ahead as planned.

Persons: — Organizations: CNBC, Service, Bloomberg, Business Locations: Saudi Arabia, Saudi

☆ Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back
▼ + stars: | 2024-04-29 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Saudi Arabia's economy minister rejected recent reports that the kingdom's $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. "All projects are moving full steam ahead," Faisal Al Ibrahim told CNBC's Dan Murphy on Monday at the World Economic Forum's special meeting in Riyadh. "We set out to do something unprecedented and we're doing something unprecedented, and we will deliver something that's unprecedented." Al Ibrahim stressed that the projects would be delivered according to plan, but with the qualification that decisions were being made for "optimal economic impact." "We see feedback from the market, we see more interest from the investors and we'll always prioritize to where we can optimize for optimal economic impact," he said.

Persons: Faisal Al Ibrahim, CNBC's Dan Murphy, Al Ibrahim, we'll Organizations: Bloomberg, Saudi, NEOM, Public Investment Fund Locations: Saudi, Riyadh

☆ All projects are moving full steam ahead in Saudi Arabia, economy minister says
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAll projects are moving full steam ahead in Saudi Arabia, economy minister saysFaisal Al Ibrahim, the Saudi economy minister, tells CNBC's Dan Murphy "all projects are moving full steam ahead," after reports indicate some megaprojects will be scaled back.

Persons: Faisal Al Ibrahim, CNBC's Dan Murphy Locations: Saudi Arabia, Saudi

☆ Saudi Arabia’s focus is on non-oil growth and momentum is strong, economy minister says
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi Arabia’s focus is on non-oil growth and momentum is strong, economy minister saysFaisal Al Ibrahim, Saudi Arabia’s minister of economy and planning, discusses the economic impact of geopolitical tensions in the Middle East and provides an update on the kingdom’s Vision 2030 initiative.

Persons: Faisal Al Ibrahim, Saudi Organizations: Saudi

☆ Meet the woman who engineered Russia's wartime economy and helped secure another term for Putin
▼ + stars: | 2024-04-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +12 min

Russian central bank governor Elvira Nabiullina has played a key role in stabilizing Russia's sanctions-hit economy. It's also aimed at the woman behind him: Elvira Nabiullina, the country's central bank governor, who plays a chief role in keeping Russia's wartime economy ticking. At the time, she was the first woman to lead a Group of Eight, or G8, central bank. In 2015, Euromoney, a finance trade publication, named Nabiullina Central Bank Governor of the Year. In December, she issued a warning that Russia's economy was at risk of overheating.

Persons: Elvira Nabiullina, —, Putin, It's, Nabiullina, Daniel McDowell, McDowell, wined, Christine Lagarde, Nabiullina —, Richard Portes, Portes —, Portes, Anders Åslund, Åslund, Leo Tolstoy, Fyodor Dostoevsky, Franz Kafka, Yaroslav Kuzminov, Kuzminov, Nabiullina's, Alan Harvey, Herman Gref —, Central Bank Governor Elvira Nabiullina, Maxim Shemetov, Michel Camdessus, she's, isn't, Sergei Aleksashenko, Alexei Makarkin, Vladimir Pesnya, Nabiulina, let's Organizations: Ukraine, Service, Russian, KGB, Syracuse University, Kremlin, International Monetary Fund, US, London Business School, Moscow Times, Bloomberg, Higher School of Economics, —, Moscow State University, SNS, USSR, Industrial Union Board, Gref, Central Bank Governor, Nabiullina Central Bank Governor, Banker, Central Banker, IMF, Monetary Fund, Financial Times, Government, Political Technologies, Wall Street Journal, RBC, Politico Europe Locations: Russian, Ukraine, Russia, Brussels, Nabiullina, Swedish, Moscow, Ufa, Central Russia, Tatars, Crimea, Euromoney, Europe, steadying

☆ Middle East Crisis At Least 20 Killed in Attack While Waiting for Aid, Gaza Officials Say
▼ + stars: | 2024-03-15 | by ( The New York Times | ) www.nytimes.com time to read: +6 min

It also called for “continuing the reform process.”Much of the Palestinian public sees the Palestinian Authority as tainted by corruption, mismanagement and cooperation with Israel. As president, Mr. Abbas remains firmly in charge of the government. With no functional parliament, Mr. Abbas has long ruled by decree, and he exerts wide influence over the judiciary and prosecution system. What’s the change?” said Mr. Qudwa, a fierce opponent of Mr. Abbas, who is also known as Abu Mazen. For weeks, Mr. Abbas has signaled his desire to appoint Mr. Mustafa.

Persons: Mahmoud Abbas, Muhammad Mustafa, Abbas, Mustafa, Majdi Mohammed, “, Mohammed Shtayyeh, Mr, Benjamin Netanyahu, Biden, Adrienne Watson, Nasser, Mohammed, Muhammad, ”, Qudwa, Abu Mazen, “ Abu Mazen, Borge Brende, ” Ibrahim Dalalsha Organizations: Palestinian Authority, Palestinian, Hamas, West Bank, Israel, United, Authority, National Security Council, George Washington University, Washington , D.C, Palestine Investment Fund, ”, Gaza, Horizon Center, Political Studies, Media Locations: Gaza, Israel, Palestinian, Hamas, United States, Washington ,, Davos, Ramallah, West

☆ Middle East Crisis Palestinian Authority Leader Expected to Choose Insider as Prime Minister
▼ + stars: | 2024-03-14 | by ( Adam Rasgon | ) www.nytimes.com time to read: +6 min

President Mahmoud Abbas of the Palestinian Authority has signaled his desire to appoint Muhammad Mustafa, a close economic adviser, as prime minister. Mr. Abbas could change his mind, and a decision to appoint Mr. Mustafa will only be final if Mr. Abbas signs a decree. Much of the Palestinian public sees the Palestinian Authority as tainted by corruption, mismanagement and cooperation with Israel. In the Palestinian Authority, the prime minister is supposed to oversee the work of ministries, but Mr. Abbas often intervenes in decision-making, according to analysts. He has previously been the authority’s economy minister and deputy prime minister.

Persons: Mahmoud Abbas, Muhammad Mustafa, Abbas, Mustafa, Mr, Majdi Mohammed, Mohammed Shtayyeh, “, Benjamin Netanyahu, Biden, Nasser, Mohammed, Muhammad, ”, Qudwa, Abu Mazen, “ Abu Mazen, Borge Brende, Jehad Harb Organizations: Palestinian Authority, Palestinian, Union, European Union, Press, West Bank, United, Authority, Israel, George Washington University, Washington , D.C, Palestine Investment Fund, Gaza Locations: Gaza, Israel, Hamas, United States, Palestinian, Washington ,, Davos, Ramallah

☆ Germany slashes 2024 growth forecast to just 0.2% as economy in 'tricky waters,' minister says
▼ + stars: | 2024-02-21 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Robert Habeck, German Minister for Economy and Climate Protection and Vice Chancellor, is pictured during the weekly meeting of the cabinet on February 21, 2024 in Berlin, Germany. Germany's gross domestic product is now expected to grow by just 0.2% this year, as the country wades in "tricky waters," German Economy Minister Robert Habeck said Wednesday. The revised GDP growth forecast is down from a previous estimate of 1.3%. Speaking during a news briefing, the minister attributed the revised forecast to an unstable global economic environment and to the low growth of world trade, alongside higher interest rates. "The economy is in tricky waters," Habeck said in a statement released online, according to a CNBC translation.

Persons: Robert Habeck, Habeck Organizations: Protection, CNBC Locations: Berlin, Germany, Ukraine

☆ Yulia Navalnaya is raising hopes for a renewed Russian opposition. She will face huge challenges
▼ + stars: | 2024-02-20 | by ( Clare Sebastian | ) edition.cnn.com time to read: +7 min

On Monday, just three days after her husband’s death, Yulia Navalnaya rebranded herself as a political force, vowing to pick up where her husband left off. And yet for those left, Navalny’s death has created some momentum to keep trying. The man who put Nadezhdin forward, Civic Initiative party leader Andrey Nechaev, a former economy minister in the 1990s, denies there’s no functioning opposition left. On Saturday, the Lithuanian foreign minister Gabrielus Landsbergis posted a photo of himself with Khodorkovsky, Kasparov, and another exiled former Russian opposition politician Dmitry Gudkov. “We shouldn’t overestimate the spread of opposition ideas, opposition moods in Russian society,” says Bondarev.

Persons: Alexey Navalny, “ You’re, Navalny’s, Yulia, Yulia Navalnaya, ”, “, Putin, Alexey, ” Yulia Navalnaya, Boris Bondarev, ” Bondarev, Navalnaya, ” Navalny, Grigory Yavlinsky, Yavlinsky, Ilya Yashin, Navalny, Vladimir Kara, Murza, Mikhail Khodorkovsky, Garry Kasparov, Russia’s, Boris Nadezhdin, Andrey Nechaev, Nechaev, Boris Nemtsov’s, Evgeny Feldman, ” Khodorkovsky, Gabrielus Landsbergis, Khodorkovsky, Kasparov, Dmitry Gudkov, …, Putin’s Organizations: CNN, CNN Films, Navalnaya, Munich Security, Corruption, Putin, Civic Initiative Locations: Tomsk, Germany, Russian, Ukraine, Brussels, Russia, British, Moscow, Kirov , Russia, Lithuanian

☆ Black swans happening once every three months, UAE economy minister says on trade
▼ + stars: | 2024-02-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlack swans happening once every three months, UAE economy minister says on tradeAbdullah bin Touq Al Marri, the UAE economy minister, says geopolitical tensions across the world are causing trade disruptions regularly.

Persons: Abdullah bin Touq Al Marri Locations: UAE

☆ Taiwan Says Trade Not Being Much Affected by Red Sea Disruptions
▼ + stars: | 2024-02-05 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

TAIPEI (Reuters) - Taiwanese companies are not being affected much by disruptions to the key shipping lane of the Red Sea as it has coincided with the traditional low season in demand for exporters, Economy Minister Wang Mei-hua said on Monday. Some shipping companies have suspended transit along the Red Sea route to avoid being attacked by Yemen's Iranian-backed Houthi group, which has launched waves of exploding drones and missiles at vessels since November in response to Israel's military operations in Gaza. The Houthi attacks have primarily targeted container vessels moving through the Red Sea. Taiwanese container shipping line Evergreen Marine said in December that ships scheduled to pass through the Red Sea would be rerouted around Africa's Cape of Good Hope. Speaking to reporters in Taipei, Wang said her ministry had spoken with 14 industry groups as well as companies to gauge the impact of the Red Sea disruptions.

Persons: Wang Mei, Good Hope, Wang, Ben Blanchard, Sonali Paul Organizations: Evergreen Locations: TAIPEI, Gaza, Africa's, Good, Taipei, Israel, Europe, Ukraine, Taiwan

☆ Cuban President Sacks Economy Minister as Controversy Grows Over Price Hikes
▼ + stars: | 2024-02-02 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

HAVANA (Reuters) - Cuban president Miguel Díaz-Canel sacked economy minister Alejandro Gil on Friday, state media reported, as controversy continued to grow over the delay of recently announced measures to hike the price of fuel and transportation fares in the communist-run country. The Council of State, under Diaz-Canel`s direction, has appointed Central Bank president Joaquín Alonso, 60, to replace Gil. The upheaval comes just two days after the government put off an unpopular five-fold hike in gasoline prices planned for Feb. 1, saying a cyberattack from outside Cuba had thwarted implementation. Former economy minister Gil had advocated for the unpopular plan to raise prices for many government subsidized services, and has long been criticized for his management of the country`s near-bankrupt economy. Gil's planned price hikes, initially announced in December and early January, rocked Cuba, where residents have long depended on a vast program of state subsidized food, fuel and medicine.

Persons: Miguel Díaz, Canel, Alejandro Gil, Diaz, Joaquín Alonso, Gil, Elba Rosa Perez, Eduardo Martinez, Alberto Lopez, Manuel Santiago Sobrino, Nelson Acosta, Dave Sherwood, Kirsten Donovan Organizations: of State, Central Bank, Technology, Food Industry Ministry Locations: HAVANA, Cuban, Cuba, Santa Clara

☆ UAE economy minister speaks about the latest push to diversify the non-oil economy
▼ + stars: | 2024-01-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAE economy minister speaks about the latest push to diversify the non-oil economyAbdullah bin Touq al Marri, the UAE economy minister, speaks to CNBC's Dan Murphy on how the country is targeting 7% annual growth in order to reach its GDP goal.

Persons: Abdullah bin Touq al Marri, CNBC's Dan Murphy Organizations: UAE Locations: UAE

Now, many are warning that the far-right Alternative for Germany (AfD) party is capitalizing on the chaos for its own political gain. Sean Gallup/Getty ImagesA tractor displays a banner with the logo of the far-right Alternative for Germany (AfD) party that reads: "Germany needs new elections!" “Supporting democratic protests like this against traffic light madness will continue to be a concern of our hearts,” one post reads. The traffic light will soon be standing all alone.”The “traffic light” is a reference to Scholz’s coalition government – an allusion to the colors of the Social Democratic Party (SPD), the Free Democratic Party (FDP) and the Greens it is comprised of. Far-right coup fantasiesGerman ministers and a domestic intelligence chief have warned how right-wing extremists could try to exploit the farmers’ protests.

Persons: Chancellor Olaf Scholz’s, Kirill Kudryavtsev, Sean Gallup, Martin, ” Steven, Björn Höcke, Scholz, Johannes Kiess, ” Kiess, Jens Schlueter, Kiess, Robert Habeck, ” “, ” Habeck, Kay Nietfeld, Stephan Kramer, –, ” Kramer, ”, Nadine Schmidt, Claudia Otto, Sophie Tanno Organizations: Germany CNN — Farmers, Farmers, Getty, Social Democratic Party, SPD, Free Democratic Party, Greens, Germany’s Office, Homeland, Deutsche, University of Leipzig, CNN, “, Ukraine, Tractors, CDU, CSU, Christian Democratic Union, Christian Social Locations: Berlin, Germany, Frankfurt, AFP, Brandenburg, Hamburg, Cologne, Bremen, Nuremberg, Munich, Rügen, Pomerania, Thuringia, Berlin ., Dresden, Saxony, Deutsche Bahn, Cottbus, Torgau, London

☆ President Tshisekedi's Ruling Party Leads in Congo Legislative Election
▼ + stars: | 2024-01-13 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

By Ange KasongoKINSHASA (Reuters) - Democratic Republic of Congo President Felix Tshisekedi's UDPS party won 66 seats in the December parliamentary election, placing it ahead of 44 other parties that won one or more seats in the 500-member house, provisional results showed on Sunday. The increased number of UDPS seats, up from 35 in the 2018 election, along with gains by allied parties, could enable Tshisekedi to maintain his ruling big tent Sacred Union coalition, giving him the majority needed to name a new government. The results of the legislative vote follow the Constitutional Court's confirmation of Tshisekedi's landslide re-election in the disputed Dec. 20-24 general election that was marred by allegations of fraud, logistical shortcomings and disruptions. Opposition parties and independent observers have raised concerns about the election's transparency, citing chaotic voting conditions and a murky tabulation process. Congo's opposition parties have repeatedly blasted the election as fraudulent and called for a re-run - a demand authorities have dismissed.

Persons: Ange Kasongo, Felix Tshisekedi's UDPS, Modeste Bahati, Jean Pierre Bemba, Vital Kamerhe, Tshisekedi, Africa's, Bate Felix, Christian Schmollinger Organizations: Democratic, Sacred Union coalition, Provisional, Congo's, Sunday, Defence, Economy Locations: Ange Kasongo KINSHASA, Democratic Republic of Congo, Congo

☆ US officials to visit Taiwan to explain chip curbs, minister says
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

Taiwan Economy Minister Wang Mei-hua speaks during an interview with Reuters in Taipei, Taiwan, September 30, 2021. REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Dec 4 (Reuters) - U.S. officials plan to visit Taiwan to explain to companies details of new curbs, primarily aimed at China, on advanced chip exports, the island's economy minister said on Monday. Taiwan Economy Minister Wang Mei-hua said some details of the extremely long new U.S. rules needed explanation. Given the concentration of chip making in Taiwan it was "advantageous" for Taiwanese companies to hear the details of the new controls from the U.S. officials, Wang said. Taiwan's official Central News Agency said the U.S. officials, who it did not name, would visit Taiwan next month and hold events in the chip hubs of Hsinchu and Tainan.

Persons: Wang Mei, Ann Wang, Biden, chipmaker TSMC, Wang, Ben Blanchard, Jeanny, Bernadette Baum, Barbara Lewis Organizations: Reuters, REUTERS, Rights, Nvidia, Beijing, U.S, Central News Agency, The U.S . Commerce Department, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, China, U.S, Hsinchu, Tainan, The

Foundation models like the one built by Microsoft (MSFT.O)-backed OpenAI are AI systems trained on large sets of data, with the ability to learn from new data to perform various tasks. In a meeting of the countries' economy ministers on Oct. 30 in Rome, France persuaded Italy and Germany to support a proposal, sources told Reuters. Until then, negotiations had gone smoothly, with lawmakers making compromises across several other conflict areas such as regulating high-risk AI, sources said. France-based AI company Mistral and Germany's Aleph Alpha have criticised the tiered approach to regulating foundation models, winning support from their respective countries. Other pending issues in the talks include definition of AI, fundamental rights impact assessment, law enforcement exceptions and national security exceptions, sources told Reuters.

Persons: Carlos Barria, Thierry Breton, Geoffrey Hinton, Alpha, Mistral, Mark Brakel, Supantha Mukherjee, Josephine Mason, Alexander Smith Organizations: Technology, Intelligence, REUTERS, Rights, Reuters, Foundation, Microsoft, European Commission, Mistral, Lawmakers, Life Institute, Thomson Locations: San Francisco, California, U.S, Rights STOCKHOLM, BRUSSELS, LONDON, France, Germany, Italy, Rome, Spain, Belgium, Stockholm

[1/3] Polish trucks are parked as they block crossings at the Ukrainian border near the village of Hrebenne, Poland November 19, 2023. The Polish hauliers' central demand is to stop Ukrainian truckers having permit-free access to the EU, something that Kyiv and Brussels say is impossible. Jan Buczek, head of Poland's main trucker business association, said Kyiv was showing no readiness to compromise and was creating obstacles for EU truckers operating in Ukraine. POLISH POLITICAL TRANSITIONThe Polish truckers say they will continue protesting until their demands are met and want more engagement from politicians from Poland's main political parties. The Federation of Employers of Ukraine, an industry lobby group, has estimated direct losses to the economy at around 400 million euros ($437 million).

Persons: Yan, hauliers, Taras Kachka, Kachka, it's, Vitaliy Vavryshchuk, Taras Vysotskiy, Serhiy Derkach, Derkach, Jan Buczek, Donald Tusk, Kromberg, Schubert, Olena Makarchuk, Karol Badohal, Alan Charlish, Mike Collett Organizations: REUTERS, Union, Reuters, EU, Justice, Federation, Employers of, Thomson Locations: Ukrainian, Hrebenne, Poland, Ukraine, KYIV, Kyiv, Brussels, Goods, Slovakia, Hungary, Romania, Moldova, Ukraine's Zhytomyr, Employers of Ukraine, Warsaw

☆ Eurozone Inflation Falls Faster Than Expected
▼ + stars: | 2023-11-30 | by ( Liz Alderman | More About Liz Alderman | ) www.nytimes.com time to read: +3 min

Excluding food and energy prices, so-called core inflation rose 3.6 percent, a sharply slower pace than previous months. “The price to pay is higher interest rates, more difficult financing and therefore an economic slowdown,” he added. Interest rates were raised from below zero and are now at the highest level in the central bank’s two-decade history. But Europe is facing a drawn-out economic slowdown as high interest rates and the lingering impact of Russia’s war in Ukraine continue to curb activity. to start lowering interest rates next year, possibly before the summer.

Persons: ” Bert Colijn, ” Bruno Le Maire, Christine Lagarde, Colijn Organizations: ING Bank, European Central Bank, ”, Eurostat, France Inter Locations: Ukraine, France, Germany, Spain, Belgium, Europe, United States

☆ French economy contracts in Q3, inflation eases further
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPARIS, Nov 30 (Reuters) - The French economy contracted by 0.1% in the third quarter of the year, revised data from the statistics office INSEE showed on Thursday, while November inflation eased more than expected. The inflation was down from 4.5% in October, helped by easing price pressure in energy and in the services sector. Food prices rose 7.6% in November, versus 7.8% in October while the increase in energy prices slowed to 3.1% after seeing an increase of 5.2% last month. Month-on-month, prices declined by 0.2% as falling transportation and energy prices offset a month-on-month rise of food prices, especially fresh produce. Reporting by Piotr Lipinski, Zhifan Liu, Editing by Charlotte Van Campenhout and Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarah Meyssonnier, Bruno Le Maire, Piotr Lipinski, Zhifan Liu, Charlotte Van Campenhout, Gareth Jones Organizations: Carrefour, REUTERS, Rights, Thomson Locations: Montesson, Paris, France, EU

☆ Why are Polish truckers blocking Ukraine border crossings?
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +4 min

[1/2] Polish truckers burn wood to keep warm as they block crossings at Ukrainian border near the village of Hrebenne, Poland November 19, 2023. REUTERS/Yan Dobronosov Acquire Licensing RightsNov 30 (Reuters) - Polish truckers have been protesting near several border crossings with Ukraine over what they see as unfair competition from their Ukrainian peers, as well as hurdles for European Union truckers operating in Ukraine. Polish truckers started their protest on Nov. 6, demanding that the EU reintroduce a permit system for Ukrainian truckers entering the bloc and for EU truckers entering Ukraine. On Nov. 27, the truckers were joined by farmers who started a round-the-clock blockade of access to one of the busiest border crossings with Ukraine, Medyka. EU INVOLVEMENTEuropean transport commissioner Adina Valean said on Nov. 29 that Ukraine and the EU cannot be "taken hostage" by the Polish truckers blockading the border.

Persons: Yan Dobronosov, Taras Kachka, Adina Valean, Mateusz Morawiecki, Donald Tusk, Anna Wlodarczak, Karol Badohal, Timothy Organizations: REUTERS, European Union, EU, Kyiv, Medyka, Ukrainian, Warsaw, European Commission, European Business Association, Reuters, Law and Justice, EU Civic Coalition, Timothy Heritage, Thomson Locations: Hrebenne, Poland, Ukraine, Brussels

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