Tag #Economic Crisis

Showing 61 to 72 of 502 results

kathimerini.gr

🌐 75% Global Worthiness

Aug 12, 16:19

Failed Merger Talks Cripple Greek Aquaculture

Former Selonda CEO, Yannis Stefanis, blames Nereus's President, Aristides Belles, for the failure of merger talks between Selonda and Nereus, citing disagreements over the share exchange ratio as the primary reason, ultimately contributing to the decline of the Greek aquaculture industry.

Failed Merger Talks Cripple Greek Aquaculture

Former Selonda CEO, Yannis Stefanis, blames Nereus's President, Aristides Belles, for the failure of merger talks between Selonda and Nereus, citing disagreements over the share exchange ratio as the primary reason, ultimately contributing to the decline of the Greek aquaculture industry.

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How did the proposed share exchange ratio contribute to the breakdown of negotiations, and what role did the differing sizes of the two companies play?

Disagreements over merger terms, particularly the share exchange ratio, prevented a merger between Selonda and Nereus. Selonda's proposed terms were deemed unacceptable by Nereus due to Nereus's substantially larger size. This ultimately contributed to the financial difficulties within the Greek aquaculture sector.

elmundo.es

🌐 85% Global Worthiness

Aug 10, 01:14

Spain's Governance Crisis: Unresolved Housing, Energy, and Migrant Issues

Spain's record-high rental prices, a nationwide power outage, and a persistent migrant crisis highlight the government's failure to address multiple systemic issues due to a lack of a stable governing majority.

Spain's Governance Crisis: Unresolved Housing, Energy, and Migrant Issues

Spain's record-high rental prices, a nationwide power outage, and a persistent migrant crisis highlight the government's failure to address multiple systemic issues due to a lack of a stable governing majority.

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How has the lack of a governing majority in Spain contributed to the worsening of the housing crisis, and what are the specific impacts on citizens?

The Spanish government's inability to secure a governing majority has led to a cascade of unresolved crises. Failed legislation on housing, coupled with the power outage and persistent migrant overcrowding, highlights a pattern of ineffective governance and chronic problems. The government's reliance on emergency decrees, six of which were invalidated this year, exacerbates this trend.

dw.com

🌐 85% Global Worthiness

Aug 9, 04:14

Venezuela's Minimum Wage Reaches One Dollar Amidst Economic Crisis

Venezuela's minimum wage reached one dollar per month on August 8th, 2025, complemented by government bonuses up to 160 dollars at the BCV's daily rate for public employees, while the minimum wage of 130 bolívares remains unchanged since March 2022, prompting criticism from opposition and labor unio...

Venezuela's Minimum Wage Reaches One Dollar Amidst Economic Crisis

Venezuela's minimum wage reached one dollar per month on August 8th, 2025, complemented by government bonuses up to 160 dollars at the BCV's daily rate for public employees, while the minimum wage of 130 bolívares remains unchanged since March 2022, prompting criticism from opposition and labor unio...

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How do the government's stated goals for these bonuses compare to the criticisms voiced by opposition figures and labor unions?

The Venezuelan government's strategy of supplementing the extremely low minimum wage with substantial bonuses reflects the country's ongoing economic crisis. While the bonuses help alleviate some of the impact of hyperinflation, they don't address the fundamental issue of a minimum wage that is insufficient to meet basic needs. The official exchange rate of 130 bolívares per dollar highlights the severity of the devaluation.

dw.com

🌐 85% Global Worthiness

Aug 7, 16:17

Transnistria's Economic Collapse: Russia's Destabilization Gambit

Transnistria's economy is collapsing due to plummeting exports to Russia and Chisinau's termination of electricity purchases, leading to a severe crisis; the separatist regime, rejecting EU aid, is now heavily reliant on a local oligarch for survival, while Russia and the regime attempt to use the c...

Transnistria's Economic Collapse: Russia's Destabilization Gambit

Transnistria's economy is collapsing due to plummeting exports to Russia and Chisinau's termination of electricity purchases, leading to a severe crisis; the separatist regime, rejecting EU aid, is now heavily reliant on a local oligarch for survival, while Russia and the regime attempt to use the c...

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What is the primary cause of Transnistria's current economic crisis, and what are its immediate consequences for the region?

Transnistria's economic ties with Russia have dwindled significantly, with exports plummeting from €252.9 million in 2008 to a mere €21.1 million in 2024. The EU now absorbs over 78% of Transnistrian goods due to the 2014 Moldova-EU Association Agreement. This economic decline has led to a severe crisis, forcing the separatist leader to declare a "special economic crisis regime.

zeit.de

🌐 65% Global Worthiness

Aug 7, 16:17

Berlin's SchwuZ Nightclub Files for Insolvency

The Berlin nightclub SchwuZ, facing financial difficulties, filed for insolvency last week but plans to continue operations, aiming to attract former patrons and implement improvements to survive the current economic downturn and club crisis.

Berlin's SchwuZ Nightclub Files for Insolvency

The Berlin nightclub SchwuZ, facing financial difficulties, filed for insolvency last week but plans to continue operations, aiming to attract former patrons and implement improvements to survive the current economic downturn and club crisis.

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How does SchwuZ's financial struggle reflect broader trends in the Berlin club scene and the hospitality industry?

SchwuZ's insolvency highlights a broader crisis in the Berlin club scene and the hospitality industry, characterized by reduced per-capita spending amid a general economic downturn. Even during events like Christopher Street Day, revenue did not match previous years. This situation reflects a wider trend of decreased consumption.

dailymail.co.uk

🌐 85% Global Worthiness

Aug 6, 10:19

American Whiskey Industry Faces Crisis Amidst Bankruptcies and Trade Wars

Multiple American whiskey distilleries, including Luca Mariano and Garrard County, have filed for bankruptcy due to decreased consumer spending, rising production costs, and trade disputes, resulting in job losses and economic uncertainty.

American Whiskey Industry Faces Crisis Amidst Bankruptcies and Trade Wars

Multiple American whiskey distilleries, including Luca Mariano and Garrard County, have filed for bankruptcy due to decreased consumer spending, rising production costs, and trade disputes, resulting in job losses and economic uncertainty.

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What are the key factors contributing to the current crisis in the American whiskey industry, and what are the immediate consequences?

American whiskey distilleries are facing a crisis, with several filing for bankruptcy due to mounting debt and falling demand. The recent failures of Luca Mariano Distillery ($25 million debt) and Garrard County Distilling ($250 million debt) highlight the severity of the situation, impacting jobs and local economies. Further illustrating the crisis, Kentucky Owl also filed for bankruptcy citing slumping sales and a cyberattack.

sueddeutsche.de

🌐 75% Global Worthiness

Aug 11, 19:19

German Business Insolvencies Surge 19.2% in July 2024

German business insolvencies rose 19.2% year-on-year in July 2024, the highest increase since October 2024, due to the ongoing economic crisis, high energy costs, and the delayed impact of low interest rates and pandemic aid withdrawal; May saw 2036 insolvencies (up 5.3%), with creditors owed roughl...

German Business Insolvencies Surge 19.2% in July 2024

German business insolvencies rose 19.2% year-on-year in July 2024, the highest increase since October 2024, due to the ongoing economic crisis, high energy costs, and the delayed impact of low interest rates and pandemic aid withdrawal; May saw 2036 insolvencies (up 5.3%), with creditors owed roughl...

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What are the long-term implications of this insolvency trend for the German economy, and which sectors are most at risk of further decline?

The sharp rise in insolvencies highlights the vulnerability of German businesses following years of artificially low interest rates and pandemic support. The current economic climate, coupled with high energy costs, exposes the structural weaknesses of many companies, with sectors like transportation, construction, and hospitality being disproportionately affected. This trend suggests a prolonged period of economic instability and potential further job losses.

kathimerini.gr

🌐 75% Global Worthiness

Aug 10, 22:15

Greek Economist Calls for Constitutional Reform to Address Systemic Economic and Social Issues

A Greek economist argues for constitutional reform to address declining institutional effectiveness, insufficient economic provisions, and the lack of provisions for long-term challenges like climate change and an aging population, citing World Bank data showing a decline in Greece's institutional r...

Greek Economist Calls for Constitutional Reform to Address Systemic Economic and Social Issues

A Greek economist argues for constitutional reform to address declining institutional effectiveness, insufficient economic provisions, and the lack of provisions for long-term challenges like climate change and an aging population, citing World Bank data showing a decline in Greece's institutional r...

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How does the weakness of Greece's institutional framework, as evidenced by declining World Bank rankings, directly impact its economic and social well-being?

Greece's institutional framework, as measured by World Bank data, shows a significant decline since 2005, lagging behind other countries in key areas such as the rule of law and governance effectiveness. This weakness undermines the country's economic and social stability.

theguardian.com

🌐 75% Global Worthiness

Aug 9, 10:14

High Prices at Italian Beaches Lead to Drop in Attendance

Italian beach resorts are experiencing a 15-25% drop in attendance this summer due to high prices, particularly for sunloungers (€30-€90/day), impacting weekday visits and overall spending; this coincides with a growing public rebellion against the dominance of private beaches and limited free acces...

High Prices at Italian Beaches Lead to Drop in Attendance

Italian beach resorts are experiencing a 15-25% drop in attendance this summer due to high prices, particularly for sunloungers (€30-€90/day), impacting weekday visits and overall spending; this coincides with a growing public rebellion against the dominance of private beaches and limited free acces...

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What is the primary cause of the significant decline in beach attendance at Italian private resorts this summer, and what are the immediate consequences for the industry?

Italian beach resorts are experiencing a significant drop in attendance this summer, with a 15-25% decrease in June and July compared to the same period in 2024. This decline is primarily impacting weekday visits, while weekend crowds remain largely unchanged. Reduced spending on food and beverages at resorts further indicates financial strain on beachgoers.

kathimerini.gr

🌐 75% Global Worthiness

Aug 7, 01:15

Greek Pension Disparity Highlights Public-Private Sector Divide

Greece's June 2025 pension data reveals an average gross pension of €843.63, with 60% of pensioners receiving under €1,000; new private sector retirees average €760.16 compared to €1,327.67 for public sector retirees, reflecting the impact of the 10-year economic crisis and pension reforms.

Greek Pension Disparity Highlights Public-Private Sector Divide

Greece's June 2025 pension data reveals an average gross pension of €843.63, with 60% of pensioners receiving under €1,000; new private sector retirees average €760.16 compared to €1,327.67 for public sector retirees, reflecting the impact of the 10-year economic crisis and pension reforms.

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How did the 10-year economic crisis and the Katrougalos law contribute to the current pension disparities?

This pension gap is a direct consequence of decreased private sector wages and job losses during the economic crisis, coupled with the implementation of the Katrougalos law. 60% of pensioners receive less than €1,000 monthly.

welt.de

🌐 65% Global Worthiness

Aug 7, 16:17

Berlin's SchwuZ Club Files for Insolvency Amidst Economic Downturn

Berlin's SchwuZ club, founded in 1977, filed for insolvency last week due to decreased revenue despite a loyal following, highlighting broader economic challenges faced by Berlin's nightlife and the need for adaptation.

Berlin's SchwuZ Club Files for Insolvency Amidst Economic Downturn

Berlin's SchwuZ club, founded in 1977, filed for insolvency last week due to decreased revenue despite a loyal following, highlighting broader economic challenges faced by Berlin's nightlife and the need for adaptation.

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How do economic factors and broader industry trends contribute to SchwuZ's financial difficulties?

SchwuZ's insolvency highlights a broader crisis in the Berlin club scene and the hospitality industry as a whole, characterized by decreased per-capita consumption amid an economic downturn. Even the Christopher Street Day weekend failed to generate the usual revenue, indicating a systemic issue beyond the club's internal management. The club's challenges underscore the financial vulnerability of cultural institutions.

nos.nl

🌐 85% Global Worthiness

Aug 5, 01:13

39% US Tariff Slams Swiss Economy; Market Plunges

The U.S. imposed a 39% import tariff on Swiss goods, causing a 1.8% drop in the Swiss SMI stock market index and prompting a government crisis response, particularly impacting luxury goods exporters, with negotiations ongoing before the tariffs take effect on Thursday.

39% US Tariff Slams Swiss Economy; Market Plunges

The U.S. imposed a 39% import tariff on Swiss goods, causing a 1.8% drop in the Swiss SMI stock market index and prompting a government crisis response, particularly impacting luxury goods exporters, with negotiations ongoing before the tariffs take effect on Thursday.

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What are the immediate economic consequences of the 39% U.S. import tariff on Swiss goods?

The U.S. imposed a 39% import tariff on Swiss goods, causing the Swiss SMI stock market index to open 1.8% lower. This unexpected tariff has prompted a crisis response from the Swiss government, with fears of an economic crisis although the market has since partially recovered. The high tariff particularly affects Swiss luxury goods exporters like Swatch and Richemont.

Showing 61 to 72 of 502 results