In Italy, banks will be taxed at 40% already this year, in case of high profits. Deputy Prime Minister and Infrastructure Minister Matteo Salvini said he would use the funds to help mortgagees and reduce taxes. This regulation, which according to “Bloomberg” surprised the markets and financial circles, was approved by the Italian government late…
Larry Fink, CEO of the BlackRock investment company, said that Bitcoin could become one of the leading assets in the global financial sector in the future – Fink announced on CNBC. According to the CEO of BlackRock, BTC can even surpass the US dollar in terms of market capitalization. Larry Fink agreed with experts who…
Inflation in Sweden rose to 9.7% in May, marking the first time in six months that the indicator fell below the double-digit threshold. However, it still surpassed the expectations of experts, causing concerns within the economic landscape. Danske Bank economists have identified an unexpected factor influencing inflation: American singer Beyoncé’s concerts. In May, Beyoncé kicked…
The European Union (EU) and the United States are reportedly strengthening their partnership to mitigate the potential risks associated with investing in sensitive technologies in countries like China. This collaborative effort comes in response to growing concerns over China’s economic practices and the need to adapt to an evolving geopolitical landscape. As the EU prepares…
According to the latest Regional Economic Prospects of the European Bank for Reconstruction and Development (EBRD), early estimates of quarterly gross domestic product (GDP) growth in 2022 are preliminary and may be revised. “Inflation may be on the decline, but it remains in double digits in more than three-quarters of the countries where we operate….
The International Monetary Fund (IMF) has released its latest forecast for the global economy, indicating a slightly lower economic growth outlook for the Eurozone in 2023. According to the IMF’s April estimate, the projected economic growth rate for the Eurozone stands at 0.8%, while the expected level of inflation is 5.3%. The IMF’s global economic…
The European Central Bank (ECB) has announced a further tightening of monetary policy in response to rising inflation. In a statement released today, the ECB cited the need to overcome increased inflation as the primary reason for the decision. As part of the policy shift, the ECB’s committee has increased the refinancing rate by an…
Car sales in the European Union increased by 28.8% to 1.088 million units in March compared to the same month last year. The information has been published by the European Automobile Manufacturers Association (ACEA). Last month, all the largest markets of the European Union showed double-digit sales growth: Spain – 66.1%, Italy – 40.7%, France…
Belgium has received a windfall of 625 million euros from the taxation of income from frozen Russian assets, according to a report by Le Soir. This comes after a recent audit of the state budget, which revealed a significant amount of funds. The frozen assets, worth 250.6 billion euros, were placed through the international depository…
UBS’s acquisition of Credit Suisse, Switzerland’s second-largest bank, could result in job losses of tens of thousands, according to an anonymous source cited in the Financial Times. The cuts are expected to impact a third of the 120,000 people employed across both banks, with Credit Suisse’s internal business and investment operations bearing the brunt. The…
