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…
The European Union calls on third countries to tighten the monitoring of trade with sanctioned technologies — Bloomberg reports that the monitoring will be applied to countries where a sharp increase in the import of advanced technologies and other goods from the European Union, which Russia can use for military purposes in Ukraine, is observed….
Cargo transportation in Europe suffered a sharp drop in the fourth quarter of 2022, with a 36% decrease in cargo shipments compared to the previous quarter. The decline was observed across the continent, according to a study by TIMOCOM, a European logistics platform. The decline was particularly evident in Germany, where cargo transportation had already…
Consumer prices in Germany rose by 9.2% in January. Inflation slowed down to 9.6% in December. This data is given by the country’s Federal Statistical Management. The data was in line with the preliminary estimate and consensus of analysts polled by Bloomberg and Trade Economics. Consumer prices rose by 0.5% month-on-month, which was also in…
The European Union plans to include four Russian banks, including Alfa-Bank, in the new package of sanctions and ban the delivery of several goods to Russia. The new financial sanctions will affect four Russian banks, including the largest Alfa-Bank in Russia. In total, 130 individuals and legal entities are planned to be included in the…
The German government has announced a new set of tax reforms aimed at boosting economic growth and increasing investment in the country. The reforms are part of the government’s broader strategy to promote a favorable business environment and stimulate innovation. The main provisions of the tax reform include reducing the corporate tax rate from 15%…
In 2022, the EU got more energy from renewable energy sources than from gas. The data was published by analysts at Ember in a report on January 31. Ember researches the EU climate policy. Germany has generated the most wind and solar energy out of 27 EU countries, Deutsche Welle reports. Solar and wind energy…
Nowadays the total market capitalization on the international crypto exchange has increased to 1.05 trillion dollars, which is the highest figure of the year. In one week, the price of Bitcoin increased by 7% and became 23,000 dollars. The capitalization of the crypto-asset is in the range of 440 billion dollars. The price of the…
The most popular cryptocurrency, Bitcoin, has broken another psychological boundary, and the entire digital currency market is still profitable. Investors may be rubbing their hands, even despite Monday’s price slip. In recent days, cryptocurrencies are constantly increasing. Investors are sharpening their teeth for profits, and Bitcoin steadily records higher results. Recently, the cryptocurrency Bitcoin (BTC)…
In the third quarter of 2022, compared to the same period in 2021, prices for apartment rent and apartment purchase in the European Union increased by 2.1% and 7.4%, respectively – Eurostat reports. According to their information, the purchase prices and rents for apartments in the European Union increased similarly from 2010 to 2011. Although…
