Photo Agency/ShutterstockFollowing a sharp drop in Tesla’s share price, outlets reported that the world’s richest person, Elon Musk, had “lost” US$34 billion (£25 billion) in a single day.
Hurricane Helene caused extensive damage to homes in North Carolina in 2024. AP Photo/Kathy KmonicekImagine that a hurricane has destroyed your home.
The roof is gone. The floors are flooded. Your family’s belongings are ruined.
Plus, potential bidders circle TSB and the Batista brothers’ big IPO comeback
Greece’s industrial turnover accelerated its sharp decline in April, with a drop of 9.1 percent year-on-year (YoY), from a 5.1 percent decrease in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Greece’s current account recorded a deficit of 2.11 billion euros in April, from a deficit of 3 billion euros in March, Bank of Greece (BoG) data released on Friday showed.
The government had been hoping that Wednesday’s vote in Parliament on the preliminary inquiry into former transport minister Kostas Karamanlis over the Tempe affair would provide the ruling conservatives with some breathing space but they are now facing the possibility of two other ministers being probed in connection to a farming subsidy scandal.
This box summarises the findings of a recent ECB survey of leading non-financial companies on the outlook for business investment. The responding firms anticipate more subdued euro area investment growth over the next three years but increasing investment in other advanced economies and emerging markets. The responses suggest that, among major recent developments, technological change is the most important factor influencing investment strategies.
Euro area services inflation has been persistent owing to a combination of factors, including a delayed response of some services prices to past shocks. This, in part, reflects staggered price setting, as the price changes of a large share of the services basket take place in just one or two months of the year. This box identifies the services items with such pricing patterns and shows that the inflation rate of services items with an annual repricing pattern responded to the past inflationary shocks with some lag.
This box provides an overview of how US multinational enterprises (MNEs) shape euro area trade patterns. It focuses particularly on trade with the United States in the light of ongoing trade tensions and their potential impact. MNEs based in the United States contribute substantially to euro area economic activity. In particular, these companies shape euro area trade in goods with the United States via substantial exports of pharmaceutical products, intragroup trade and contract manufacturing.
Harmonising European post-trade activities is essential for bolstering capital markets and better serving European citizens and companies. Progress is required in both enhancing the current landscape and developing digital solutions. This article concentrates on the present post-trade environment, with a particular focus on non-harmonised elements, particularly in securities settlement, collateral management and asset servicing.
