Lost decades for Greek incomes tell different story to recovery narrative
The final 2026 budget submitted to Parliament in November reaffirmed Greece’s strong fiscal performance and the sustained trajectory of declining debt.
National/regional news and analysis
Why Rachel Reeves chose a ‘smorgasbord’ of tax tweaks – and the risks involved in that approach
Andrzej Rostek/ShutterstockChancellor Rachel Reeves has delivered her second budget, in which she raised taxes by £26 billion. This will take the UK tax burden to an all-time high of 38% of GDP by 2030-31. But it will also more than double Reeves’ “fiscal headroom” to £22 billion.
New York’s wealthy warn of a tax exodus after Mamdani’s win – but the data says otherwise
Wealthy New Yorkers have threatened to leave the city if Mayor-elect Zohran Mamdani follows through on his promise to raise taxes on the rich. Charly Triballeau/AFP via Getty ImagesNew York’s mayor-elect, Zohran Mamdani, campaigned on a promise to raise the city’s income tax on its richest residents from 3.9% to 5.9%.
PMI drops marginally in Nov amid declining export orders and rising input costs
Greece’s manufacturing PMI recorded a drop in November to 52.7 points, from 53.5 points in the previous month, S&P Global data showed on Monday.
Farmers dig in as clashes and political tension escalate
Greece’s farmers have turned simmering frustration into a full‑blown confrontation with the government, blocking highways, clashing with police and demanding immediate payment of subsidies and compensation.
Athens takes stance on peace in Ukraine, faces stalemate in relations with Turkey
EU and NATO leaders, along with members of the so‑called “coalition of the willing,” are currently assessing the situation in Ukraine. Recent peace talks have gained momentum, but European leaders remain focused on securing a just and lasting peace for the country.
Zillow Removes Climate Risk Scores From Home Listings
The scores aimed to predict a property’s risk from fires, floods and storms, but some in the real estate industry as well as homeowners have called them inaccurate.
U.S. Black Friday Sales Defy Tariffs and Economic Woes
Data on spending this week shows that consumers are shopping big for the holidays despite inflation and economic worries.
What the budget means for the NHS
The NHS didn’t receive a great deal of specific attention in Rachel Reeves’ budget. She mentioned it, but in fairly general terms around plans to invest and cut waiting lists.
What five years of evidence on hybrid working tells us about the future of employment
insta_photos/ShutterstockThe COVID pandemic accelerated remote and hybrid working practices across the world. It also provided evidence that these approaches could work for a wide variety of jobs.
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