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Goldman Sachs has downgraded its 12-month forecast for Europe’s STOXX 600, anticipating price returns of -6% in three months, -2% in six months, and 5% in a year, due to rising tariff concerns and weaker economic growth in the US and Europe. Earnings growth expectations for European companies have also been reduced, with projections of 2% growth in 2025 and 4% in 2026, below consensus estimates. The firm highlights that while European equities are trading at a discount compared to US stocks, the outlook remains sensitive to US trade policies and potential economic downturns.
An Indian appeals court has ruled that Google's app store billing policy is anti-competitive, affirming findings from the Competition Commission of India. While the initial fine of 9.4 billion rupees was reduced to 2.2 billion rupees, the court upheld that Google abused its market dominance. This ruling adds to Google's ongoing global antitrust issues, including a significant fine from the European Union.
Goldman Sachs Asset Management has launched a pioneering biodiversity bond fund aimed at conserving nature through fixed-income investments. This fund, which allocates at least 90% to sustainable projects, supports various United Nations' Sustainable Development Goals and excludes companies heavily involved in coal and oil. With a rapid increase in biodiversity funds globally, this initiative reflects a growing investor focus on sustainable and impactful investments.
Swiss MPs have rejected a proposal for a 50% inheritance tax on assets over 50 million francs, citing concerns that it would drive wealthy individuals out of the country and reduce tax revenue for cantons. Meanwhile, rents in Switzerland continue to rise, with significant increases reported in central cantons, while a survey indicates growing ambivalence among residents regarding bilateral agreements with the EU, with a notable increase in those seeing disadvantages.
Global trade reached a record $33 trillion in 2024, driven by a 9% surge in the services sector, which contributed $700 billion to the total growth. In contrast, goods trade grew by only 2%, and momentum slowed in the latter half of the year, with trade imbalances widening, particularly for the U.S. with China and the EU. Looking ahead, potential disruptions in 2025 are anticipated due to rising geoeconomic tensions and protectionist policies.
Anonymous Bitcoin ATMs in Spain are set to be shut down as the European Union enforces stricter crypto regulations under the Markets in Crypto-Assets (MiCA) law, requiring full Know Your Customer (KYC) compliance for all transactions. This change, aimed at combating money laundering and terrorist financing, will eliminate the ability to conduct unregulated transactions, marking a significant shift in the crypto landscape and raising concerns about the future of privacy for cryptocurrency users across Europe.
The Czech Republic has enacted significant reforms to boost its cryptocurrency sector, including a zero capital gains tax on crypto held for over three years starting in 2025 and guaranteed banking access for crypto firms. These changes align with the EU's Markets in Crypto Assets (MiCA) regulation, enhancing the country's appeal to investors and fostering a stable digital asset market. The reforms aim to integrate cryptocurrencies into the traditional economy while easing compliance for businesses and individuals.
The Czech Republic is set to enhance crypto adoption with new reforms that exempt capital gains tax on crypto held for over three years and simplify banking access for crypto companies. These measures align with EU standards and aim to position the nation as a leader in digital finance. Prime Minister Petr Fiala commended the efforts, highlighting the importance of fostering a favorable environment for long-term crypto investments.
The Czech Republic has enacted significant financial reforms to establish itself as a leading cryptocurrency hub, allowing crypto firms to open bank accounts without restrictions and introducing a three-year tax exemption for crypto investments. These measures aim to attract both domestic and international investors, enhancing the country's appeal in the digital finance sector. Deputy Speaker Jan Skopeček emphasized the need for a supportive legal framework to retain high-value businesses and maintain competitiveness in the evolving digital economy.
South America's agricultural sector celebrated a significant milestone as the Mercosur bloc and the European Union finalized a free trade agreement. However, farmers expressed a desire to review the details of the deal to understand its implications fully.
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goldman sachs lowers europe stock forecast amid tariff and growth concerns
08:16 01.04.2025
Indian court rules against Google's app store billing policy as anti-competitive
08:00 29.03.2025
Goldman Sachs launches innovative biodiversity bond fund to boost sustainable investing
10:15 24.03.2025
swiss lawmakers reject higher inheritance tax as rents continue to rise
08:11 19.03.2025
global trade reaches record 33 trillion driven by services sector growth
06:24 17.03.2025
Spain ends anonymous bitcoin ATMs as EU enforces stricter crypto regulations
10:24 24.12.2024
Czech Republic introduces zero capital gains tax and banking access for crypto firms
07:00 10.12.2024
Czech Republic introduces reforms to boost cryptocurrency investment and banking access
10:18 09.12.2024
czech republic implements financial reforms to attract cryptocurrency investment
22:03 08.12.2024
Mercosur and European Union Reach Free Trade Agreement Celebrated by Farmers
22:57 06.12.2024
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