Fuels and food drive 0.7 pct YoY fall in Sept retail sales
Greece’s retail sales dropped by 0.7 percent year-on-year (YoY) in September, after a strong rise of 5.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Three reasons why China wants global green leadership after Cop30 – and two reasons it doesn’t
Ahead of the UN’s Cop30 summit, China appeared keen to take on the mantle of new global leader on climate change, stepping into the gap left by the US’s withdrawal from the top spot under Donald Trump.
In trying to understand what China wants from this role, it’s worth examining three areas motivating Beijing to take over leadership, and two others which it is trying to avoid.
Time running out for government action out as water crisis deepens
The Greek government is confronting a mounting water crisis that has pushed Attica to the brink of emergency status and forced ministers to admit that “difficult decisions” can no longer be delayed.
The two-child limit failed – all it did was increase poverty
UK chancellor Rachel Reeves has taken decisive action in getting rid of the two-child limit – a policy that has held a totemic place in the UK for more than a decade. Since 2017, this policy has limited the means-tested support that families can receive from the state to the first two children in a household, with some specific exceptions.
How the financial markets reacted to the UK budget (and why they matter)
Who is Danny/ShutterstockRachel Reeves’s second budget landed in an unusual fashion. Before she delivered it, most of the key details had already been revealed accidentally by the Office for Budget Responsibility.
Deposits drop of 2.13 bln in Oct driven by businesses
The Greek banking system’s private sector deposits fell significantly in October, with a net drop of 2.13 billion euros, after a rise of 2.65 billion euros in August, according to the latest Bank of Greece (BoG) figures released on Thursday.
How ‘digital twins’ could help prevent cyber-attacks on the food industry
Earlier this year, a cyberattack on British retailer Marks & Spencer caused widespread disruption across its operations. Stock shortages, delayed deliveries, and logistical chaos rippled through the retailer’s network.
Credit growth slows to 7.8 pct YoY in Oct
The credit expansion in the Greek private sector remained strong though it moderated in October, rising by 7.8 percent year-on-year (YoY), from 10.7 percent the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Construction continues recovery in Aug, down 8.4 pct YoY over 8 months
Building activity remained in growth in August, with a rise of 7.8 percent year-on-year, after an increase of 12.2 percent YoY seen in July, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Labour agreement hailed by government as restoration of pre-crisis rights
PM Kyriakos Mitsotakis claimed to have lifted the final restrictions imposed on the labour markets by the bailout programmes, after the social partners shook hands on a deal to extend collective agreements.
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