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greece plans to issue 8 billion euros in new bonds for 2025
Greece plans to issue up to €8 billion in new bonds in 2025, covering approximately three-fourths of its annual financing needs. This borrowing will help meet the state's total financing requirement of €11 billion, with the remainder sourced from European funds and other avenues. In 2024, Greece successfully sold €9.5 billion in bonds.
ecb should cut rates at every meeting until reaching neutral level
Yannis Stournaras, a member of the European Central Bank's Governing Council, advocates for reducing borrowing costs at every meeting until reaching a neutral rate, estimated to be around 2%. He emphasizes that this approach aligns with current inflation and economic conditions.
ecb official predicts 2 percent inflation target achievable by early 2025
Yannis Stournaras, a member of the European Central Bank Governing Council, indicated that the euro zone is nearing a sustainable 2% inflation target, expected to be achieved by early 2025. He emphasized the need for policymakers to shift focus from controlling prices to addressing potential risks to economic growth.
ECB set to cut interest rates by quarter point in December
The European Central Bank is poised to implement a quarter-point interest rate cut in December, as indicated by Governing Council member Yannis Stournaras. He expressed confidence that a reduction of 25 basis points is the optimal move, suggesting that the decision is nearly finalized.
Greek Prime Minister calls for EU trade deal with Trump administration
Greek Prime Minister Kyriakos Mitsotakis has cautioned that a trade war with the United States could severely impact the European Union. He expressed optimism that a trade agreement could be reached with the incoming administration of Donald Trump.
Greece to accelerate repayment of 5 billion euros in bailout loans
Greece plans to accelerate the repayment of at least €5 billion ($5.3 billion) in bailout loans by 2025, marking a significant shift in the country's economic trajectory since its near exit from the euro area over a decade ago. Prime Minister Kyriakos Mitsotakis announced that these obligations are set to mature between 2033 and 2042.
olive oil prices expected to halve as harvests improve in 2024
Spain’s Deoleo, the largest olive oil producer, anticipates prices will nearly halve from record highs due to improved harvests in 2024-2025, following a crisis driven by extreme weather and drought. While prices for extra virgin olive oil have already dropped significantly, market tensions remain, particularly for higher quality oils. The industry is also investing in new agricultural technologies to adapt to climate change challenges.
silicon valley's obsession with immortality and extreme health optimization
Silicon Valley's elite are increasingly obsessed with achieving immortality, employing radical biohacking methods to extend their lives. This trend is exemplified by figures like Bryan Johnson, who promotes extreme health practices and community-focused initiatives like "Don't Die" dinners. The conversation explores the implications of these pursuits for society at large.
european industrial production diverges as germany struggles and poland thrives
Germany has seen a significant decline in manufacturing output since 2019, losing over 9%, while countries like Poland and Greece experience industrial growth, with Poland's output rising by 23%. High energy costs and competition from China are major factors in this disparity, alongside limited fiscal stimulus in Western Europe. The Industrial Stress Index indicates a worsening outlook for European industry, exacerbated by high interest rates and investment rationing.
Boeing's Market Breakdown Highlights Strong Performance in Aviation and Defense
Boeing Company, the leading aircraft manufacturer globally, generates 43.5% of its sales from commercial aviation, 32% from defense, space, and security, and 24.5% from various services. Geographically, 58.4% of sales come from the United States, followed by Europe (13.5%) and Asia (12.9%).
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