LVMH Loses Title Of EU’s Most Valuable Company
Novo Nordisk, the Danish Pharmaceutical giant, has supplanted French luxury conglomerate LVMH, the biggest retailer of luxury goods in the world, and owner of brands such as Louis Vuitton and…
Italian Manufacturing, Begins Laying Off Workers
On Friday, Bloomberg reported that factories in Italy have begun to downsize their workforces and the country’s manufacturing sector has continued to shrink. In August, the EU’s third-largest economy fell…
Brazil Oil And Gas Production Hits Record Levels
In July, Brazilian oil and gas production hit a record level, beating out a previous record set in June, according to the nation’s oil regulator ANP this week. The data…
Türkiye Looks To Revive Black Sea Grain Deal
On Saturday, Türkiye’s Anadolu news agency reported that according to Türkiye’s Foreign Minister Hakan Fidan, the UN has a new plan to revive the expired Black Sea grain deal which…
Eurozone Slowdown May Ease Inflation – ECB Official
On Friday, Boris Vujcic, the head of Croatia’s central bank, and a member of the Governing Council of the European Central Bank said that he expects the current slowdown in…
British Real Estate Crashing
On Friday, UK mortgage lender Nationwide revealed that the British real estate market is sliding at an accelerating rate, with home prices in August falling at the sharpest yearly rate…
Serbian Leader Warns West, Hoping To Dissuade Sabotage Of Russian Gas Pipelines Serbia Needs
Noting the importance of the TurkStream pipeline’s supply of natural gas to his country, Serbian President Aleksandar Vucic said in a statement that it is his hope that the pipeline,…
Unemployment Jumps In Italy
In Italy, unemployment jumped unexpectedly in July, hitting 7.6% following six months in a row of declines, according to preliminary data released Thursday. Italy’s statistics agency Istat reported that over…
German Companies Increasingly Looking To Move Operations Abroad
According to a survey by the German Chamber of Commerce and Industry (DIHK), over 50 percent of German businesses believe the transition toward renewable energy and away from cheap Russian…
Lavrov – Russia Moving Away From “Unreliable” Dollar
On Friday, Russian Foreign Minister Sergey Lavrov said that Moscow will continue expanding its trade relationships with countries it deems “friendly” as it looks to boost the use of national…
