Economy
Senegal is facing increasing financial pressure as concerns grow over the sustainability of its public debt. While discussions between the government and the International Monetary Fund (IMF) continue, many investors are becoming more pessimistic about the country's ability to meet its financial......
Germany has reached a significant milestone in its payment landscape, as cashless transactions have surpassed cash payments for the first time. The shift marks a major change in consumer habits in a country that has traditionally been known for its strong preference for cash. According to data released......
France’s unemployment insurance agency has called on the government to refrain from making any additional withdrawals from the country’s unemployment insurance fund, warning that such measures could undermine efforts to reduce debt and maintain financial stability. The appeal comes as updated......
The Organisation for Economic Co-operation and Development (OECD) has recommended that Norway reduce its wealth tax, suggesting that the country reform its broader tax system to shift the burden away from capital and labor while increasing taxation on property and inheritance. In its latest economic......
The European Central Bank (ECB) has reported that wage growth across the eurozone is gradually slowing, suggesting that recent inflationary pressures have not triggered a sustained surge in pay demands among workers. According to the ECB’s latest wage tracker data, negotiated wage growth is expected......
House prices in the United Kingdom increased by 3.8% in the year to April, marking a notable rebound in the property market after a period of stagnation, according to new data released by the Office for National Statistics (ONS). The figures show a clear recovery compared with the previous month, when......
Uzbekistan has reaffirmed its commitment to economic modernization and international investment, with President Shavkat Mirziyoyev announcing a new phase of reforms aimed at strengthening the country's business environment and accelerating long-term growth. Speaking at the Tashkent International......
The Moroccan Capital Market Authority (AMMC) has approved a prospectus related to a capital increase by Sanlam Maroc as part of its planned merger through the absorption of Allianz Maroc, according to an official statement released on Monday. The operation involves the issuance of 1,225,000 new shares,......
Spain’s competition authority has launched an investigation into the country’s major listed banks over suspected anti-competitive practices in the mortgage market. The inquiry focuses on whether public statements made by banking executives may have influenced competition among lenders. According......
Canadian housing activity showed signs of recovery in May, as home sales increased by 5.5% compared with April, according to data released by the Canadian Real Estate Association (CREA). The rebound comes after a relatively slow start to the spring season, which is traditionally one of the busiest periods......
The French government has announced that payments for its “heavy drivers” fuel assistance scheme will begin on Wednesday, following delays caused by a high volume of applications. The measure aims to support households heavily dependent on car travel amid rising fuel prices linked to global......
Germany’s economic recovery is expected to remain modest in the coming years, as rising energy costs linked to geopolitical tensions continue to weigh on inflation and household spending, according to a new forecast from the RWI economic institute. The institute projects that Germany’s gross......
The African Development Bank (AfDB) and the World Bank have agreed to deepen their cooperation in addressing Africa’s most pressing economic challenges, following a high-level meeting held in Abidjan. The strengthened partnership aims to improve research coordination and support more effective......
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