Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

Destatis: turnover in the main construction industry in January 2018 up 22.2% YoY

WIESBADEN, 10-Apr-2018 — /EuropaWire/ — As reported by the Federal Statistical Office (Destatis), turnover in the main construction industry in January 2018 was up 22.2% compared with the corresponding month of the previous year. At the end of January 2018 the … Read the full press release

Coface: Growing Chinese investments could eventually pose a threat to Japanese corporate interests in the Asia Pacific region

Bois-Colombes, France, 16-Mar-2018 — /EuropaWire/ — According to Coface, China and Japan are becoming competitors for trade and investment in the Asia Pacific region. Coface’s report, entitled “Clash of the Titans: China’s rise fuels competition with Japan’s interests in Asia”, reveals … Read the full press release

Destatis: Germany export in January 2018 reached 107.1 billion euros; up 8.6% YoY

Exports, January 2018 107.1 billion euros –0.5% on the previous month (calendar and seasonally adjusted) +8.6% on the same month a year earlier Imports, January 2018 89.7 billion euros –0.5% on the previous month (calendar and seasonally adjusted) +6.7% on … Read the full press release

Destatis: labour costs per hour in Germany rose by 2.1% in 2017

Labour costs per hour worked, 4th quarter of 2017 • +0.4% on the previous quarter (seasonally and calendar adjusted) • +1.5% on the same quarter a year earlier (calendar adjusted) WIESBADEN, 09-Mar-2018 — /EuropaWire/ — In Germany, labour costs per hour worked … Read the full press release

Schuster Manfred Hubert agrees with future oil predictions

Oil and Energy BEIJING, China, 01-Mar-2018 — /EuropaWire/ — Crude oil prices will average $60/b in 2018 and $61/b in 2019. That’s an increase from last month’s Short-Term Energy Outlook by the U.S. Energy Information Administration. In January 2018, oil prices briefly hit $70/b. In … Read the full press release

UK Gov: Proposed changes to Clause 11 of the EU Withdrawal Bill on discussion at Joint Ministerial Committee meeting in London

Proposed changes to Clause 11 of the EU Withdrawal Bill have been shared with devolved administrations ahead of a Joint Ministerial Committee meeting. LONDON, 22-Feb-2018 — /EuropaWire/ — Proposed changes to Clause 11 of the EU Withdrawal Bill to ensure all devolved … Read the full press release

UK Gov: Chinese New Year reception at Downing Street to celebrate a ‘Golden Era’ for UK-China relations

Prime Minister Theresa May welcomed guests to Number 10 to celebrate the beginning of the Year of the Dog. LONDON, 22-Feb-2018 — /EuropaWire/ — Theresa May has hosted a Chinese New Year reception at Downing Street to celebrate the enormous contribution of … Read the full press release

WEF, Bain & Company report calls for the urgent integration of urban-energy-mobility patterns to accelerate the ability of cities to meet climate goals

A new approach to electric mobility is needed to stimulate economic growth and reduce carbon emissions, says new Forum report Electrified autonomous vehicles (AV) will revolutionize urban mobility by reducing travel costs by up to 40% and cut down CO2 … Read the full press release

German Association of the Automotive Industry (VDA): In 2018 the Indian passenger car market will overtake the German market in terms of volume for the first time

Statement delivered by Klaus Bräunig, Managing Director of the German Association of the Automotive Industry (VDA), at the press conference at the German pavilion in New Delhi, India, on Wednesday, Feb. 8, 2018, at 11.30 h local time New Delhi, … Read the full press release

Nordic and Baltic countries sign Memorandum of Understanding (MoU) on cooperation and coordination on cross-border financial stability

OSLO, 12-Feb-2018 — /EuropaWire/ — The heads of relevant ministries, central banks, financial supervisory authorities and resolution authorities in the Nordic and Baltic countries, have signed a Memorandum of Understanding (MoU) on cooperation and coordination on cross-border financial stability. The Nordic … Read the full press release

European Commission opens applications for 2018 Lorenzo Natali Media Prize for outstanding journalism on development topic

BRUSSELS, 06-Feb-2018 — /EuropaWire/ — Applications for the European Commission’s 2018 Lorenzo Natali Media Prize, which recognises journalists doing outstanding reporting on development topics, are open from 5 February to 9 March for online, print and audio-visual works. Commissioner for International … Read the full press release

Professor Catia Montagna appointed Jaffrey Chair of Political Economy at the University of Aberdeen Business School

ABERDEEN, 05-Feb-2018 — /EuropaWire/ — A leading economist has been appointed Jaffrey Chair of Political Economy at the University of Aberdeen Business School, becoming only the sixth person to hold the prestigious role since it was established nearly a century ago. … Read the full press release

Rio Tinto and the Government of Mongolia strengthen relationship by setting up a joint working group to create long-term sustainable solutions

LONDON, 25-Jan-2018 — /EuropaWire/ — The Prime Minister of Mongolia U. Khurelsukh and other government representatives and Rio Tinto chief executive J-S Jacques met in Ulaanbaatar today to progress their partnership. The two sides discussed ways to strengthen the relationship by … Read the full press release

Government of Denmark and World Economic Forum partner to improve the state of the world through public-private cooperation

Denmark becomes the first European country to enter into a partnership with the World Economic Forum Agreement is a framework covering a number of areas, including green growth, technology and innovation, trade and investment, and education, gender and work The … Read the full press release

Changes to the global system of meat and protein production underway as new initiative launched at the World Economic Forum

Demand for meat and protein set to double by 2050 with 9 billion people and a growing middle class Widespread provision of safe, affordable and sustainable protein is critical to human nutrition and economic development New white paper Meat: The Future outlines … Read the full press release

The World Economic Forum’s 48th Annual Meeting: Creating a Shared Future in a Fractured World

The 48th World Economic Forum Annual Meeting will take place on 23-26 January in Davos-Klosters, Switzerland, under the theme, Creating a Shared Future in a Fractured World Unprecedented participation expected from global leaders including 70 heads of state or government and 38 heads … Read the full press release

Destatis: Urlaub in Europa: günstig im Süden und Osten, teuer im Norden und Westen

WIESBADEN, 12-Jan-2018 — /EuropaWire/ — Nach der Weihnachtszeit und dem Start ins neue Jahr 2018 steht für viele Reiselustige bereits die Urlaubsplanung an. Kostengünstiger als in Deutschland ist Urlaub in Süd- und Osteuropa. Teurer sind hingegen Urlaubsreisen in den Westen und … Read the full press release

Destatis: German economy in 2017: GDP 2.2% higher in 2017 than in the previous year

WIESBADEN 12-Jan-2018 — /EuropaWire/ — The economic situation in Germany was characterised by strong economic growth in 2017. According to first calculations of the Federal Statistical Office (Destatis), the price-adjusted gross domestic product (GDP) was 2.2% higher in 2017 than in … Read the full press release

Destatis: Im Jahr 2017 wurden in Deutschland 1,1 % mehr Zigaretten versteuert als im Jahr 2016

WIESBADEN, 12-Jan-2018 — /EuropaWire/ — Im Jahr 2017 wurden in Deutschland 1,1 % mehr Zigaretten versteuert als im Jahr 2016. Wie das Statistische Bundesamt (Destatis) weiter mitteilt, stieg die Menge des versteuerten Pfeifentabaks deutlich an (+ 28,7 %). Dazu gehören neben traditionellem Pfeifentabak auch … Read the full press release

BNP Paribas Wealth Management 2018: Solid economic growth, timid inflation, less monetary support

Solid economic growth, timid inflation, less monetary support and the growing influence of new societal issues underpin the investment themes selected for 2018 by BNP Paribas Wealth Management’s strategists in the United States, Europe and Asia. These themes aim to guide … Read the full press release

48th World Economic Forum in Davos-Klosters, 23-26 January 2018: Creating a Shared Future in a Fractured World

GENEVA, 20-Dec-2017 — /EuropaWire/ — The 48th World Economic Forum Annual Meeting in Davos-Klosters, Switzerland will take place on 23-26 January 2018 under the theme “Creating a Shared Future in a Fractured World”. For more information about the programme, read the meeting … Read the full press release

Destatis: Gastgewerbeumsatz im Oktober 2017: stieg der Umsatz nominal um 1,6 %

WIESBADEN, 18-Dec-2017 — /EuropaWire/ — Das Gastgewerbe in Deutschland setzte im Oktober 2017 preisbereinigt (real) 0,5 % weniger um als im entsprechenden Vorjahresmonat. Wie das Statistische Bundesamt (Destatis) weiter mitteilt, stieg der Umsatz nominal (nicht preisbereinigt) um 1,6 %. Die Beherbergungsunternehmen erzielten im Oktober … Read the full press release

UN Environment and BNP Paribas establish Sustainable Finance Facilities to drive sustainable economic growth in developing countries

UN Environment and BNP Paribas have today signed a milestone agreement at the One Planet Summit to establish Sustainable Finance Facilities, collaborative partnerships aimed at raising development capital to drive sustainable economic growth in emerging countries. UN Environment and BNP Paribas will … Read the full press release

New study demonstrates the importance of protecting different seabed landscapes to maintain fish conservation

GLASGOW, 13-Dec-2017 — /EuropaWire/ — Conservation and fisheries management strategies should take into account seabed landscape in order to maintain fish conservation.  A new study led by the University of Glasgow in collaboration with the University of Strathclyde and Marine … Read the full press release

CBI on UK Government’s new Industrial Strategy: Today’s announcement must be the beginning of a strategic race, not a tactical sprint

The CBI has given its initial response to the Government’s new modern Industrial Strategy. Carolyn Fairbairn, CBI Director-General, said: LONDON, 30-Nov-2017 — /EuropaWire/ — “Nine in ten firms see a modern Industrial Strategy as vital to improving living standards in the … Read the full press release

Welsh Secretary Alun Cairns marked the launch of UK Government’s Modern Industrial Strategy at the Airbus Campus in Newport

LONDON, 28-Nov-2017 — /EuropaWire/ — Welsh Secretary launches Industrial Strategy at Airbus’ Newport Campus UK Government publishes its vision for a modern Industrial Strategy. Welsh Secretary marks launch during visit to Airbus’ Newport Campus Industrial Strategy to drive growth across the whole … Read the full press release

UK to confirm new £70 million package of recovery and reconstruction support for hurricanes hit British islands

Prime Minister Theresa May will confirm a new £70 million package of recovery and reconstruction support for British islands hit by recent hurricanes. LONDON, 28-Nov-2017 — /EuropaWire/ — Leaders from 11 British Overseas Territories will meet in Downing Street on Tuesday 28 … Read the full press release

ABP: New study reveals the future growth prospects of the Port of Barrow’s annual contribution to the UK economy

LONDON, 24-Nov-2017 — /EuropaWire/ — A group of some of Cumbria’s most influential business and political leaders gathered in the House of Commons to celebrate the launch of a new study into the economic impact of the Port of Barrow to … Read the full press release

Alliance News riceve un investimento strategico da parte di PA Group e dpa per sostenere l’espansione nell’area EMEA

LONDRA, 21-Nov-2017 — /EuropaWire/ — Alliance News – agenzia stampa leader nella fornitura di notizie in tempo reale sul mondo azionario per investitori e professionisti della finanza – ha ricevuto un investimento da due delle più importanti aziende media europee … Read the full press release

WMG Professor Janet Godsell: More and more companies are realising that overseas production is not as cost effective as it used to be

COVENTRY, 27-Sep-2017 — /EuropaWire/ — A new report launched today by researchers at WMG at the University of Warwick, and Reshoring UK, finds that UK companies that consider both direct and indirect reshoring of manufacturing gain best performance boosts and urges … Read the full press release