Tag #Economic Crisis

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repubblica.it

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Apr 3, 16:15

Low Wages Persist in Fragmented Italian Restaurant Sector

The Italian restaurant industry, employing over 1.1 million, faces low wages despite a recent pay raise, due to fragmentation, uncontrolled liberalization, and uneven competition; reforms are needed to address productivity and ensure the sector's future.

Low Wages Persist in Fragmented Italian Restaurant Sector

The Italian restaurant industry, employing over 1.1 million, faces low wages despite a recent pay raise, due to fragmentation, uncontrolled liberalization, and uneven competition; reforms are needed to address productivity and ensure the sector's future.

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What are the most significant factors contributing to low wages in the Italian restaurant sector, and what are their immediate consequences?

Despite a recent 200 euro monthly wage increase in Italy's restaurant sector, issues of low pay persist. The sector employs over 1.1 million, with 60% on permanent contracts, but only 40% of these are full-time. 51% of workers are women, and 25% are foreign-born, often with lower education levels.

welt.de

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Apr 2, 10:18

Germany's Unemployment Rate Stable Despite Economic Headwinds

Despite a slight monthly decrease in unemployment, Germany's jobless rate remains at 6.4 percent, with a significant year-on-year increase; proposed Bürgergeld reforms aim for stricter sanctions, but challenges persist regarding practical implementation and support for those with health or social is...

Germany's Unemployment Rate Stable Despite Economic Headwinds

Despite a slight monthly decrease in unemployment, Germany's jobless rate remains at 6.4 percent, with a significant year-on-year increase; proposed Bürgergeld reforms aim for stricter sanctions, but challenges persist regarding practical implementation and support for those with health or social is...

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How do the recent proposed changes to the Bürgergeld system address concerns about insufficient cooperation and the effectiveness of sanctions?

The German government attributes the stable unemployment rate to the resilience of the labor market, while acknowledging the challenging economic situation. However, the lack of a spring upswing and year-on-year increase in unemployment suggest underlying concerns. The absence of an official assessment on the 5.4 million Bürgergeld recipients, 1.9 million of whom are unemployed, further obscures the situation.

t24.com.tr

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Mar 31, 13:15

Declining Competitiveness Threatens Turkey's Automotive Sector

Turkey's automotive production is projected to decline to 1.4 million units by 2026, threatening its global ranking and prompting foreign suppliers to consider closing factories due to declining competitiveness.

Declining Competitiveness Threatens Turkey's Automotive Sector

Turkey's automotive production is projected to decline to 1.4 million units by 2026, threatening its global ranking and prompting foreign suppliers to consider closing factories due to declining competitiveness.

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What long-term strategies should Turkey adopt to ensure the sustainability of its automotive sector and maintain its global competitiveness?

The potential factory closures by foreign automotive suppliers in Turkey signal a significant threat to the country's automotive sector. This situation highlights the need for Turkey to increase its annual production to at least 2 million units to maintain its global competitiveness and secure a sustained position within the top 10. Failure to do so risks a further decline in its global ranking and job losses.

elpais.com

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Mar 27, 22:11

Argentina Secures \$20 Billion IMF Loan Amidst Exchange Rate Uncertainty

Argentina's government secured a \$20 billion IMF loan to address financial instability, aiming to bolster central bank reserves and avoid devaluation despite potential IMF conditions. Negotiations are advanced but specifics, including exchange rate adjustments, remain unclear.

Argentina Secures \$20 Billion IMF Loan Amidst Exchange Rate Uncertainty

Argentina's government secured a \$20 billion IMF loan to address financial instability, aiming to bolster central bank reserves and avoid devaluation despite potential IMF conditions. Negotiations are advanced but specifics, including exchange rate adjustments, remain unclear.

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Reduced Inequality

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What are the immediate economic consequences of Argentina securing a \$20 billion IMF loan, and what are the potential global implications?

Argentina's government announced a "successful economic program" contingent on a new \$20 billion IMF loan to address recent financial instability. The IMF confirmed advanced negotiations but didn't specify the sum or conditions, leaving questions about the exchange rate regime.

abcnews.go.com

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Mar 26, 19:24

CBO Warns of Potential US Government Default in Late 2025

The Congressional Budget Office (CBO) warns the U.S. government may default on its debt as early as August or September 2025 if Congress fails to raise the $36.1 trillion debt ceiling, creating a potential economic crisis.

CBO Warns of Potential US Government Default in Late 2025

The Congressional Budget Office (CBO) warns the U.S. government may default on its debt as early as August or September 2025 if Congress fails to raise the $36.1 trillion debt ceiling, creating a potential economic crisis.

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What is the timeline for potential U.S. government default if Congress doesn't act on the debt ceiling?

The Congressional Budget Office (CBO) projects the U.S. government could default on its debt as early as August or September 2025 if Congress fails to raise the debt limit. The Treasury Department has already reached the current debt limit of $36.1 trillion and is using extraordinary measures to continue borrowing. Failure to act could lead to a government shutdown and economic consequences.

zeit.de

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Mar 26, 19:23

Northvolt Insolvency: Minister Accuses Schleswig-Holstein of Withholding Risks

Former Minister Bernd Buchholz accuses Schleswig-Holstein's government of concealing risks related to Northvolt's battery factory funding, potentially costing the state €300 million due to the company's insolvency; the state parliament will discuss the issue on Thursday.

Northvolt Insolvency: Minister Accuses Schleswig-Holstein of Withholding Risks

Former Minister Bernd Buchholz accuses Schleswig-Holstein's government of concealing risks related to Northvolt's battery factory funding, potentially costing the state €300 million due to the company's insolvency; the state parliament will discuss the issue on Thursday.

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What systemic changes or reforms could improve transparency and risk assessment in future state-sponsored industrial projects to prevent similar situations?

The Northvolt insolvency and resulting potential €300 million loss for Schleswig-Holstein underscores the risks of large-scale industrial subsidies without thorough due diligence. The case exposes challenges in balancing economic development goals with transparency and parliamentary oversight. Future investment decisions will likely face stricter scrutiny in light of this controversy.

faz.net

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Apr 3, 10:12

Sri Lanka's New PM Prioritizes Political Reform for Economic Recovery

Sri Lanka's new Prime Minister, Harini Amarasuriya, aims to stabilize the country's economy through political reform following a landslide election victory in November 2024, reflecting public rejection of corruption and past crises.

Sri Lanka's New PM Prioritizes Political Reform for Economic Recovery

Sri Lanka's new Prime Minister, Harini Amarasuriya, aims to stabilize the country's economy through political reform following a landslide election victory in November 2024, reflecting public rejection of corruption and past crises.

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What immediate steps is Sri Lanka's new government taking to address the ongoing economic crisis and restore public trust?

Sri Lanka's new Prime Minister, Harini Amarasuriya, aims to establish economic stability through political reform, acknowledging past crises including war, tsunami, and terrorism. Her party's landslide victory reflects public desire for change and an end to corruption.

lexpress.fr

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Mar 31, 10:10

US Revokes Oil Licenses in Venezuela, Escalating Economic Pressure on Maduro Regime

The US revoked oil licenses for Chevron, Maurel & Prom, and potentially other companies operating in Venezuela, intensifying economic pressure on the Maduro regime and potentially triggering further economic crisis and mass migration; the US also threatens a 25% tariff increase on goods from countri...

US Revokes Oil Licenses in Venezuela, Escalating Economic Pressure on Maduro Regime

The US revoked oil licenses for Chevron, Maurel & Prom, and potentially other companies operating in Venezuela, intensifying economic pressure on the Maduro regime and potentially triggering further economic crisis and mass migration; the US also threatens a 25% tariff increase on goods from countri...

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What are the immediate economic consequences of the US revoking oil licenses in Venezuela, and how does this action affect the Maduro government?

President Trump's move to revoke licenses for US oil companies operating in Venezuela is not unexpected, escalating economic pressure on the Maduro regime. This action directly impacts Venezuelan oil production and revenue, potentially worsening the ongoing economic crisis. The US also threatens a 25% tariff increase on goods from any country purchasing Venezuelan oil.",A2="The revocation of licenses for companies like Chevron, Maurel & Prom, and potentially Repsol and others, significantly reduces Venezuela's oil exports and access to foreign currency. This intensifies the economic hardship already affecting millions of Venezuelans who have fled the country due to the crisis. The US action is a direct attempt to destabilize the Maduro government by targeting its key source of revenue.",A3="The long-term implications of this move include further economic deterioration in Venezuela, potentially triggering a new wave of hyperinflation and mass migration. The impact extends beyond Venezuela, affecting global oil markets and potentially destabilizing the region. The US strategy aims to weaken the Maduro regime economically, hoping to facilitate a regime change. ",Q1="What are the immediate economic consequences of the US revoking oil licenses in Venezuela, and how does this action affect the Maduro government?",Q2="How does this US action impact global oil markets and international relations, considering Venezuela's substantial oil reserves and the potential reaction of other countries?",Q3="What are the potential long-term consequences of this escalating economic pressure on Venezuela, including its social and political implications, and what alternative strategies could be considered?",ShortDescription="The US revoked oil licenses for Chevron, Maurel & Prom, and potentially other companies operating in Venezuela, intensifying economic pressure on the Maduro regime and potentially triggering further economic crisis and mass migration; the US also threatens a 25% tariff increase on goods from countries buying Venezuelan oil.",ShortTitle="US Revokes Oil Licenses in Venezuela, Escalating Economic Pressure on Maduro Regime"))

dailymail.co.uk

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Mar 30, 19:19

US Treasury's Critical Funds Depletion Risks National Debt Default

The US Treasury's \$280 billion remaining balance, following a record \$286 billion drawdown in March, necessitates immediate action to avert a potential national debt default, given the looming debt ceiling and insufficient funds for crucial programs.

US Treasury's Critical Funds Depletion Risks National Debt Default

The US Treasury's \$280 billion remaining balance, following a record \$286 billion drawdown in March, necessitates immediate action to avert a potential national debt default, given the looming debt ceiling and insufficient funds for crucial programs.

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How did the 2023 debt ceiling deal contribute to the current financial crisis, and what are the short-term solutions being considered?

The current crisis stems from the January 2025 reinstatement of a \$36.1 trillion debt ceiling, exceeding the current \$36.6 trillion national debt. Temporary measures can only delay a default until August or September, according to the Congressional Budget Office. This situation mirrors the 2023 debt ceiling crisis, prompting similar calls for a debt ceiling increase.

fr.allafrica.com

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Mar 27, 16:16

Goma's Economy Crumbles Under M23 Rebellion

The M23 rebellion's occupation of Goma since January has crippled the city's economy, causing a 40-50% revenue drop in hotels, 75-80% in some restaurants, mass layoffs, and widespread economic hardship due to the airport and bank closures.

Goma's Economy Crumbles Under M23 Rebellion

The M23 rebellion's occupation of Goma since January has crippled the city's economy, causing a 40-50% revenue drop in hotels, 75-80% in some restaurants, mass layoffs, and widespread economic hardship due to the airport and bank closures.

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How has the conflict affected various sectors in Goma, and what are the broader consequences of these impacts?

The crisis in Goma demonstrates the ripple effect of conflict on local economies. Reduced tourism, business closures, and decreased consumer spending have created a cascading effect of job losses and economic hardship across various sectors. The closure of the airport and banks further exacerbates the situation.

mk.ru

🌐 85% Global Worthiness

Mar 26, 16:12

Low Oil Prices Threaten Russia's Budget and Global Stability

A British agency report warns that prolonged low oil prices, similar to the 1970s, risk increasing US shale oil production and triggering an OPEC+ collapse, sharply reducing Russia's budget revenues which were \$189 billion in 2024 and \$15.77 billion in January 2025.

Low Oil Prices Threaten Russia's Budget and Global Stability

A British agency report warns that prolonged low oil prices, similar to the 1970s, risk increasing US shale oil production and triggering an OPEC+ collapse, sharply reducing Russia's budget revenues which were \$189 billion in 2024 and \$15.77 billion in January 2025.

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What is the primary global risk highlighted by the report regarding sustained low oil prices?

A report by a British agency draws parallels between current oil market conditions and the 1974-1985 period of high oil prices followed by an 18-year price slump. This earlier period contributed to the Soviet Union's economic crisis, Cold War defeat, and eventual collapse. Today, a sustained oil price drop might boost shale oil production in non-OPEC countries, increasing global supply.

forbes.com

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Mar 25, 22:11

Trump Administration's Actions Threaten Social Security Payments

The Trump administration's undermining of Social Security, including staff cuts and negative rhetoric, threatens timely benefit payments to 73 million Americans, exposing a deep disconnect between elites and those reliant on the system for survival.

Trump Administration's Actions Threaten Social Security Payments

The Trump administration's undermining of Social Security, including staff cuts and negative rhetoric, threatens timely benefit payments to 73 million Americans, exposing a deep disconnect between elites and those reliant on the system for survival.

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What is the immediate impact of the Trump administration's actions on Social Security's ability to provide timely payments to its beneficiaries?

The Trump administration's actions, including public denigration of Social Security and staff cuts, jeopardize the timely delivery of benefits to 73 million Americans, potentially causing financial hardship for millions who rely on these payments for essential needs. Secretary Lutnick's comment highlights the disconnect between elites and the average American's dependence on Social Security.

Showing 217 to 228 of 503 results