Tag #Economic Impact

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kathimerini.gr

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Mar 21, 01:13

Greek Tourism: 5% Rise in Air Arrivals, Revenue Growth Lags

Airlines project a 5.2% increase in available seats to Greece for the 2025 summer season, driven by an 18.4% surge in US flights, while revenue growth is expected to be lower due to shorter tourist stays.

Greek Tourism: 5% Rise in Air Arrivals, Revenue Growth Lags

Airlines project a 5.2% increase in available seats to Greece for the 2025 summer season, driven by an 18.4% surge in US flights, while revenue growth is expected to be lower due to shorter tourist stays.

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Decent Work and Economic Growth

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What is the projected growth in international air arrivals to Greece for 2025, and what are the key contributing factors to this growth?

Early data indicates a positive outlook for Greek tourism in 2025. Airlines have scheduled a 5.2% increase in available seats to and from Greece between April and October, with Athens and Thessaloniki seeing increases of 9-10%. This growth, however, is mostly outside of the peak July-August season, suggesting a continued trend of year-round tourism.

cbsnews.com

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Mar 20, 01:13

Trump's Trade Policies to Slash U.S. Tourism by $64 Billion in 2025

President Trump's trade policies are projected to decrease international travel to the U.S. by over 5% in 2025, with a 15% drop from Canada, resulting in an estimated $64 billion loss in overall travel spending due to slower economies, stronger dollar, and negative global sentiment.

Trump's Trade Policies to Slash U.S. Tourism by $64 Billion in 2025

President Trump's trade policies are projected to decrease international travel to the U.S. by over 5% in 2025, with a 15% drop from Canada, resulting in an estimated $64 billion loss in overall travel spending due to slower economies, stronger dollar, and negative global sentiment.

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How will President Trump's trade policies and international relations affect U.S. tourism spending in 2025?

President Trump's trade policies are expected to decrease international travel to the U.S. by over 5% in 2025, with a 15% drop projected from Canada alone. This decline, coupled with reduced domestic travel, could result in a $64 billion loss in overall U.S. travel spending.

theglobeandmail.com

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Mar 20, 04:12

Trump's Tariffs: Limited Impact Despite Market Fears

President Trump's new tariffs could total 0.75% of U.S. GDP, with Canada facing a potential $66 billion hit (2.2% of its 2024 GDP); however, previous experience suggests these may have a limited negative impact on global growth and inflation.

Trump's Tariffs: Limited Impact Despite Market Fears

President Trump's new tariffs could total 0.75% of U.S. GDP, with Canada facing a potential $66 billion hit (2.2% of its 2024 GDP); however, previous experience suggests these may have a limited negative impact on global growth and inflation.

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What is the immediate economic impact of Donald Trump's new tariffs on the global economy, considering historical precedent and current estimates?

Donald Trump's new tariffs, while potentially impactful, have shown limited economic effects in the past. During his first term, inflation remained low (2.4% in 2018 and 1.8% in 2019), and GDP growth continued (3% and 2.6% in 2018 and 2019 respectively). Global GDP growth also remained relatively stable.

africa.chinadaily.com.cn

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Mar 20, 07:13

Ne Zha 2" Fuels China's Digital Creative Job Boom

The success of the animated film "Ne Zha 2", grossing over 15 billion yuan globally, has driven a significant increase in job openings and applicants in China's digital cultural and creative industry, particularly in Chengdu.

Ne Zha 2" Fuels China's Digital Creative Job Boom

The success of the animated film "Ne Zha 2", grossing over 15 billion yuan globally, has driven a significant increase in job openings and applicants in China's digital cultural and creative industry, particularly in Chengdu.

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How has the film's popularity influenced the strategies and operations of companies within Chengdu's digital cultural and creative sector?

The film's popularity has created a ripple effect, attracting job seekers from across China to Chengdu's thriving digital creative sector. Companies are adjusting strategies to capitalize on this increased talent pool and expanding their operations, leading to significant growth in the industry. This is confirmed by the high number of applicants and the variety of positions offered at job fairs.

themarker.com

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Mar 20, 13:16

16% Hike in Israeli Intercity Taxi Fares on April 1st

Israel's Ministries of Finance and Transportation plan a 16% intercity taxi fare hike on April 1st, impacting airport travel, while urban fares remain frozen, addressing a driver shortage linked to previous fare cuts and causing price increases of 383-343 NIS from Ashdod to Ben Gurion Airport.

16% Hike in Israeli Intercity Taxi Fares on April 1st

Israel's Ministries of Finance and Transportation plan a 16% intercity taxi fare hike on April 1st, impacting airport travel, while urban fares remain frozen, addressing a driver shortage linked to previous fare cuts and causing price increases of 383-343 NIS from Ashdod to Ben Gurion Airport.

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Reduced Inequality

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What are the immediate consequences of the 16% increase in intercity taxi fares in Israel, and how does it impact travelers at Ben Gurion Airport?

On April 1st, intercity taxi fares in Israel will increase by 16%, impacting travelers, especially at Ben Gurion Airport. This follows a taxi driver shortage due to previously reduced fares. The increase contrasts with a freeze on urban taxi fares.",

theglobeandmail.com

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Mar 19, 01:12

Buy Canadian" Movement Delivers Economic Blow to U.S., Boost to Canada

Trade tensions between Canada and the U.S. have sparked a "Buy Canadian" movement, resulting in significant losses for U.S. tourism and spirits industries (declines of up to 85 percent in bookings and major deal losses), while boosting Canadian grocery sales by up to 10 percent; the shift could boos...

Buy Canadian" Movement Delivers Economic Blow to U.S., Boost to Canada

Trade tensions between Canada and the U.S. have sparked a "Buy Canadian" movement, resulting in significant losses for U.S. tourism and spirits industries (declines of up to 85 percent in bookings and major deal losses), while boosting Canadian grocery sales by up to 10 percent; the shift could boos...

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How are trade tensions and government policies contributing to the "Buy Canadian" movement's impact?

This "Buy Canadian" movement, combining consumer boycotts and government policy, is causing substantial economic repercussions in the U.S. The drop in Canadian tourism is projected to result in over \$2.1 billion in spending losses and 14,000 job losses in the U.S. Conversely, shifting consumer spending in Canada could boost Canada's GDP by 1 percent and create 74,000 jobs if travel spending also shifts domestically.

theglobeandmail.com

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Mar 21, 13:14

Few Canadian Companies Moving to U.S. Despite Concerns

Concerns about Canadian companies moving to the U.S. due to President Trump's policies are overblown, as high relocation costs, departure taxes, and only slightly lower U.S. tax rates outweigh the benefits for most companies; however, some publicly listed companies might still move to gain inclusion...

Few Canadian Companies Moving to U.S. Despite Concerns

Concerns about Canadian companies moving to the U.S. due to President Trump's policies are overblown, as high relocation costs, departure taxes, and only slightly lower U.S. tax rates outweigh the benefits for most companies; however, some publicly listed companies might still move to gain inclusion...

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What are the primary factors preventing a mass exodus of Canadian companies to the U.S., despite concerns about President Trump's policies?

Despite initial concerns, few Canadian companies are actually moving their headquarters to the U.S. due to high relocation costs, departure taxes (around 25 percent of net assets), and only marginally lower U.S. corporate tax rates. The perceived tax advantages are often offset by complexities and potential retaliatory tariffs from Canada.

repubblica.it

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Mar 20, 04:12

Stellantis's €157 Billion Revenue and Continued Commitment to Italy

Stellantis chairman John Elkann addressed the Italian Parliament, highlighting the company's €157 billion revenue, 5.5 million vehicle sales, and continued commitment to Italy, emphasizing its role in preventing the collapse of the Italian automotive sector.

Stellantis's €157 Billion Revenue and Continued Commitment to Italy

Stellantis chairman John Elkann addressed the Italian Parliament, highlighting the company's €157 billion revenue, 5.5 million vehicle sales, and continued commitment to Italy, emphasizing its role in preventing the collapse of the Italian automotive sector.

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What is the current economic impact of Stellantis on Italy, and how does this compare to the company's situation two decades ago?

Stellantis, the world's fourth-largest automaker, reported €157 billion in revenue and the sale of 5.5 million vehicles in 2023. This contrasts sharply with its near-collapse in 2004, highlighting a remarkable turnaround driven by strategic investments and leadership changes. The company's Italian operations are central to its global strategy.

repubblica.it

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Mar 20, 04:12

Stellantis's €1.686 Trillion Economic Impact in Italy Outweighs Subsidies Received

A 20-year analysis reveals Stellantis's €1.686 trillion contribution to the Italian economy significantly outweighs the €1.3 billion in subsidies received; this includes R&D and investment subsidies as well as unemployment benefits.

Stellantis's €1.686 Trillion Economic Impact in Italy Outweighs Subsidies Received

A 20-year analysis reveals Stellantis's €1.686 trillion contribution to the Italian economy significantly outweighs the €1.3 billion in subsidies received; this includes R&D and investment subsidies as well as unemployment benefits.

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How does the Italian government's support for Stellantis, including R&D and investment subsidies, compare to similar support for other large corporations?

Stellantis's total economic output in Italy over 20 years reached €1.686 trillion, significantly exceeding the subsidies received. This includes direct production (€668 billion), indirect effects (€694 billion), and induced effects (€324 billion). Even considering €528 million more withdrawn than paid into the unemployment fund, the net effect is substantially positive for the Italian state.",

theguardian.com

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Mar 20, 10:09

UK High Street Closures to Rise in 2025 Amidst Rising Costs

UK high street store closures fell to 12,800 in 2024, down from 13,000 in 2023, but rising business costs are predicted to increase closures in 2025, driven by tax increases and minimum wage hikes, impacting consumer spending and new store openings.

UK High Street Closures to Rise in 2025 Amidst Rising Costs

UK high street store closures fell to 12,800 in 2024, down from 13,000 in 2023, but rising business costs are predicted to increase closures in 2025, driven by tax increases and minimum wage hikes, impacting consumer spending and new store openings.

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What is the impact of increased business costs on UK high streets in 2025?

In 2024, UK high street store closures decreased to 12,800 from 13,000 in 2023, while openings dropped slightly to 9,002. However, increased business costs from tax increases and minimum wage hikes are expected to accelerate closures in 2025.

dw.com

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Mar 19, 01:12

Trump Reverses Climate Policies, Sparking Economic and Legal Uncertainty

President Trump's first day back in office saw him sign executive orders declaring a "national energy emergency," pausing offshore wind permits, and rolling back clean energy initiatives, despite recent trends showing lower electricity prices and significant job growth in the renewable energy sector...

Trump Reverses Climate Policies, Sparking Economic and Legal Uncertainty

President Trump's first day back in office saw him sign executive orders declaring a "national energy emergency," pausing offshore wind permits, and rolling back clean energy initiatives, despite recent trends showing lower electricity prices and significant job growth in the renewable energy sector...

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Climate Action

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How do Trump's actions contradict recent trends in energy prices and renewable energy job growth?

Trump's executive orders contradict recent trends of lower electricity costs and increased renewable energy sector jobs, driven by factors like low natural gas prices, cheaper renewable technologies, and new battery storage capacity. These actions also threaten the economic benefits and job growth seen in Republican-leaning states, which have been major beneficiaries of the Inflation Reduction Act's clean energy investments.

nbcnews.com

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Mar 19, 16:10

Trump's Tariffs Disrupt U.S.-Canada Trade, Hitting Vermont Hard

President Trump's tariffs on Canadian steel and aluminum are severely impacting U.S.-Canada trade, particularly in Vermont, where over one-third of exports and two-thirds of imports involve Canada, leading to increased costs for businesses and a strained diplomatic relationship.

Trump's Tariffs Disrupt U.S.-Canada Trade, Hitting Vermont Hard

President Trump's tariffs on Canadian steel and aluminum are severely impacting U.S.-Canada trade, particularly in Vermont, where over one-third of exports and two-thirds of imports involve Canada, leading to increased costs for businesses and a strained diplomatic relationship.

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Peace, Justice, and Strong Institutions

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What are the immediate economic consequences of President Trump's tariffs on Canadian steel and aluminum for businesses in Vermont and the broader U.S.?

President Trump's tariffs on Canadian steel and aluminum have disrupted businesses on both sides of the U.S.-Canada border, with Vermont businesses particularly impacted, as trade with Canada accounts for over one-third of the state's exports and two-thirds of its imports. The tariffs have increased costs for Vermont businesses reliant on Canadian goods and equipment, such as maple syrup producers and breweries.

Showing 709 to 720 of 1,244 results