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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.
Sri Lanka, once a leader in free-market capitalism in South Asia, shifted its economic policies under J.R. Jayewardene after he gained power in 1977. His administration implemented significant reforms that dismantled the leftist policies of the previous two decades, marking the country's first steps towards economic liberalization, supported by Western governments wary of Soviet influence.
TAP Air Portugal reported a net profit of 117.8 million euros for Q3 2024, down 62.8 million euros from last year, yet showing a 2% revenue increase compared to 2019. Despite challenges like rising personnel costs and currency losses, the airline's capacity reached 97% of pre-crisis levels, with a load factor of 86.2%. The company maintains a strong liquidity position of 943.1 million euros and continues to invest in fleet modernization and expansion, particularly in the Brazilian market.
Kuwait Petroleum Corp. plans to invest approximately 10 billion dinars ($33 billion) over the next five years to enhance its oil production capacity. CEO Sheikh Nawaf Al-Sabah emphasized that these investments aim not only to maintain but also to grow production in response to anticipated strong demand for decades.
Khan Market in New Delhi has maintained its status as one of the world's most expensive high-street retail locations, with annual rents reaching $229 per square foot. This reflects India's strong economic growth, which has led to a 9% increase in retail rents, outpacing the global average of 4.4%. In comparison, the priciest retail area globally is Via Montenapoleone in Italy, where rents have surged to $2,047 per square foot.
Khan Market in New Delhi has maintained its status as one of the world's most expensive high-street retail locations, with rental costs reaching $229 per square foot annually as of September. This figure surpasses Toronto's Bloor Street by $7, reflecting a 9% increase in rents across 16 retail areas in India, compared to a global average growth of 4.4%.
India's real estate sector is poised for a significant boost, with equity investments expected to exceed $10 billion in 2024, up from $7.4 billion last year. This surge is driven by strong leasing activity, which rose 46% in the first nine months of the year, fueled by global corporations establishing offshore operations and sustained demand from domestic businesses, particularly in IT and manufacturing.
UK day-ahead power prices have increased for a second consecutive session, driven by a cold snap that has heightened demand for heating. With wind generation expected to decline significantly, over-the-counter prices for baseload power have risen by as much as 3.4%, according to broker data.
Bank of Japan Governor Kazuo Ueda indicated that the upcoming monetary policy meeting in December will feature a live discussion on the possibility of raising interest rates. He emphasized the unpredictability of the meeting's outcome, noting that significant data will emerge in the month leading up to it.
Norway's economy experienced its fastest growth in nearly two years, with mainland GDP rising 0.5% in the last quarter, surpassing analysts' expectations of 0.3%. This acceleration supports predictions that the central bank may start easing borrowing costs in the first quarter.
GDP Growth & Recession Forecasts
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
greece plans to issue 8 billion euros in new bonds for 2025
13:56 21.11.2024
ri lanka shifts from free-market pioneer to leftist policies
13:28 21.11.2024
tap air portugal reports strong recovery and financial stability in 2024
12:56 21.11.2024
Kuwait plans $33 billion investment to increase oil production capacity
12:24 21.11.2024
Khan Market ranks among world's most expensive retail destinations in 2022
11:34 21.11.2024
Khan Market ranks among the world's most expensive retail destinations
11:05 21.11.2024
India's real estate market sees record investment and leasing activity growth
10:39 21.11.2024
uk power prices rise amid cold snap and low wind generation
10:39 21.11.2024
boj governor hints at uncertain outcome for upcoming interest rate meeting
09:17 21.11.2024
rway's economy posts fastest growth in nearly two years
08:29 21.11.2024
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