Germany needs structural changes for a productive economy, says IMF Europe head

Germany needs structural changes for a productive economy, says IMF Europe head

Germany’s ongoing perpetual crisis has had a significant impact on its entire economy and, due to its large size, on the entire European region. The current state of Germany is a result of various problems, from bureaucratic red tape hindering businesses to a lack of demand recovery affecting the growth of its key industries. However, … Read more

Slovak Prime Minister Fico plans trip to China in pursuit of new partnerships outside of western allies, reports Reuters.

Slovak Prime Minister Fico plans trip to China in pursuit of new partnerships outside of western allies, reports Reuters.

“ (Reuters) – Slovak Prime Minister Robert Fico will visit China from Oct. 30 to Nov. 5 to meet its leaders and foster closer bilateral and economic ties, his government said on Tuesday, as Slovakia aims to build alliances outside its European Union and NATO partners. Fico will meet Chinese President Xi Jinping, Prime Minister … Read more

“Saudi Arabia’s sovereign wealth fund scales back on global investments”

“Saudi Arabia’s sovereign wealth fund scales back on global investments”

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is planning to reduce the share of its international investments by about a third, signaling a shift towards focusing more on the domestic economy. With approximately $930 billion in assets, the PIF aims to decrease the proportion of funds invested overseas to between 18 and … Read more

BP announces weakest quarterly earnings since pandemic due to low oil prices

BP announces weakest quarterly earnings since pandemic due to low oil prices

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BP reported its lowest quarterly profit since the onset of the Covid-19 pandemic, with reduced oil prices and weak refining margins impacting its performance. The FTSE 100 energy giant generated underlying profits of $2.27bn in … Read more

France shows determination to address its €15 billion absenteeism crisis by postponing sick payments and reducing public sector benefits.

France shows determination to address its €15 billion absenteeism crisis by postponing sick payments and reducing public sector benefits.

France is facing a growing deficit, leading to significant tax increases and aggressive cost-cutting measures announced recently. Among the various steps taken by the French government is a crackdown on absenteeism in civil services, a problem that is costing the economy €15 billion. Addressing absenteeism could result in savings of around €1.2 billion as part … Read more

Thai government aims for increased inflation range prior to BOT meeting, reports Reuters

Thai government aims for increased inflation range prior to BOT meeting, reports Reuters

“ BANGKOK (Reuters) – Thailand’s Finance Minister Pichai Chunhavajira stated on Tuesday that the country’s inflation target should be set higher than 1%, as he prepared to meet with the central bank governor to negotiate a new target range. Pichai and Bank of Thailand (BOT) Governor Sethaput Suthiwartnarueput, along with other officials, are scheduled to … Read more

“Conservative ‘Project 2025’ think-tank placing bets on Donald Trump”

“Conservative ‘Project 2025’ think-tank placing bets on Donald Trump”

“While some of the proposals in Project 2025 may be controversial, Heritage is known for rigorous policy analysis and thoughtful recommendations,” Lehrer said. “It’s unfortunate that the document has become a political football in this election, but I believe Heritage will continue to play a vital role in shaping conservative policy in the years to … Read more