Tag #Economic Transition

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kathimerini.gr

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Aug 29, 01:19

Greece's Rapid Shift to Cashless Transactions

The rise of mobile and internet banking in Greece has dramatically reduced cash transactions; in Q1 2025, over 76 million mobile banking transactions totaling €18 billion occurred, exceeding internet banking transactions by volume.

Greece's Rapid Shift to Cashless Transactions

The rise of mobile and internet banking in Greece has dramatically reduced cash transactions; in Q1 2025, over 76 million mobile banking transactions totaling €18 billion occurred, exceeding internet banking transactions by volume.

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Reduced Inequality

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How has the rise of digital payments impacted small businesses and tourism in a specific location like Santorini?

This shift reflects a global trend; worldwide mobile payment transactions surpassed $7.3 trillion in 2023. The convenience and speed of digital transactions—enabled by mobile banking, digital wallets, and instant transfers—are driving this transformation across various sectors, from hospitality to fuel sales.

welt.de

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Jul 10, 07:13

Thuringia's Automotive Suppliers Seek New Markets Amidst Economic Downturn

The head of Thuringia's employment agency states that the state's automotive suppliers need to diversify into sectors such as defense and construction to recover from the economic downturn caused by the shift to electric vehicles. The German government's planned investment in the defense and constru...

Thuringia's Automotive Suppliers Seek New Markets Amidst Economic Downturn

The head of Thuringia's employment agency states that the state's automotive suppliers need to diversify into sectors such as defense and construction to recover from the economic downturn caused by the shift to electric vehicles. The German government's planned investment in the defense and constru...

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What immediate economic impact will the German government's defense investment have on Thuringia's automotive supply sector?

Thuringian automotive suppliers face an uncertain future unless they diversify into new sectors. The state employment agency suggests exploring the defense industry, leveraging existing expertise to secure contracts from the substantial planned federal investment. This shift is crucial because a return to the old automotive industry model is highly improbable.

welt.de

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Jun 14, 07:12

RAG CEO Retires After Overseeing End of German Coal Mining

Peter Schrimpf, CEO of RAG (former Ruhrkohle AG), retired on June 30th, 2024, after overseeing the end of German hard coal mining, a process that involved significant workforce reductions from 170,000 in 1984 to approximately 600 today and ongoing groundwater management.

RAG CEO Retires After Overseeing End of German Coal Mining

Peter Schrimpf, CEO of RAG (former Ruhrkohle AG), retired on June 30th, 2024, after overseeing the end of German hard coal mining, a process that involved significant workforce reductions from 170,000 in 1984 to approximately 600 today and ongoing groundwater management.

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What were the most significant challenges and outcomes during Peter Schrimpf's tenure as CEO of RAG, considering the closure of German coal mines?

Peter Schrimpf, CEO of RAG, retired on June 30th, 2024, after overseeing the end of German hard coal mining. His tenure included the symbolic closure of Prosper Haniel mine in 2018, marking the end of an era. This transition involved significant workforce reduction, impacting thousands of employees.

dw.com

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May 13, 19:13

Czech Republic: Arms Boom Compensates for Automotive Industry Decline

The Czech Republic, formerly the world's leading per capita car producer, saw a 7.1% drop in automotive production in Q1 2025 due to Western demand issues, but its arms industry is booming, driven by the Ukraine war, potentially employing laid-off automotive workers.

Czech Republic: Arms Boom Compensates for Automotive Industry Decline

The Czech Republic, formerly the world's leading per capita car producer, saw a 7.1% drop in automotive production in Q1 2025 due to Western demand issues, but its arms industry is booming, driven by the Ukraine war, potentially employing laid-off automotive workers.

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How does the current situation in the Czech Republic's defense industry compare to its historical role in arms production?

The shift from automotive to arms manufacturing in the Czech Republic reflects broader geopolitical and economic trends. The war in Ukraine has fueled a surge in arms demand, while the automotive sector faces challenges in adapting to technological changes and global trade dynamics. This transition is creating new job opportunities in the defense sector, potentially mitigating job losses in the automotive industry.

nos.nl

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Apr 24, 01:16

Plan Unveiled to Replace Tata Steel Plant with 40,000-Home City

A consortium plans to build a new city, Wijkerduin, on the site of Tata Steel's outdated and polluting IJmuiden plant, creating 40,000 homes and attracting new industries, offering an alternative to the plant's potential closure and requiring a €12 billion cleanup.

Plan Unveiled to Replace Tata Steel Plant with 40,000-Home City

A consortium plans to build a new city, Wijkerduin, on the site of Tata Steel's outdated and polluting IJmuiden plant, creating 40,000 homes and attracting new industries, offering an alternative to the plant's potential closure and requiring a €12 billion cleanup.

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How does the Wijkerduin plan address the social and historical impact of Tata Steel's presence in IJmuiden?

This plan offers an alternative to Tata Steel's uncertain future, particularly given its recent announcement of 1600 job cuts and daily losses of €1.5 million. The initiative provides a potential solution to the environmental concerns and economic challenges associated with the plant, while also offering a plan B for the Dutch government in negotiations with Tata Steel.

welt.de

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Mar 12, 19:13

Contitech's Bad Blankenburg Plant Closure Threatens 185 Jobs

Contitech plans to close its Bad Blankenburg plant in Thuringia, Germany, by the end of 2025, affecting 185 jobs due to declining demand in the plastics sector; 100 employees protested, and negotiations for relocation and severance are underway.

Contitech's Bad Blankenburg Plant Closure Threatens 185 Jobs

Contitech plans to close its Bad Blankenburg plant in Thuringia, Germany, by the end of 2025, affecting 185 jobs due to declining demand in the plastics sector; 100 employees protested, and negotiations for relocation and severance are underway.

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How do the plant's production activities and the decline of the German lignite industry contribute to the closure decision?

The plant's production of conveyor belts for the phasing-out German lignite industry contributes to its current struggles. Continental offered potential relocation to their Waltershausen facility, and negotiations for severance packages and social plans are ongoing.

taz.de

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Jul 31, 22:13

German Automakers Face Steep Profit Decline Amidst Industry Transformation

German automakers, including Porsche, Mercedes-Benz, Volkswagen, and BMW, reported significant profit declines (ranging from 29% to 71%) in the first half of 2024, attributed to a slow transition to electric vehicles and autonomous driving technologies, leading to calls for government subsidies and ...

German Automakers Face Steep Profit Decline Amidst Industry Transformation

German automakers, including Porsche, Mercedes-Benz, Volkswagen, and BMW, reported significant profit declines (ranging from 29% to 71%) in the first half of 2024, attributed to a slow transition to electric vehicles and autonomous driving technologies, leading to calls for government subsidies and ...

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What are the key factors contributing to the significant profit decline among major German automakers in the first half of 2024?

German automakers are reporting significant profit declines in the first half of 2024. Porsche's profit dropped 71 percent, Mercedes-Benz's by 69 percent, and Volkswagen's by 40 percent. BMW saw a more moderate decrease of 29 percent. These declines are attributed to the industry's slow transition to electric vehicles and autonomous driving technologies.

cincodias.elpais.com

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Jun 19, 19:15

Spain's Auto Industry Faces Political Headwinds Amidst Production Slump

Spain's automotive industry faces significant challenges due to political instability, decreased production (down 11.7% in May and over 20% below pre-pandemic levels), and insufficient government support, despite recent announcements of €9.39 million in green technology investments, with only €1 mil...

Spain's Auto Industry Faces Political Headwinds Amidst Production Slump

Spain's automotive industry faces significant challenges due to political instability, decreased production (down 11.7% in May and over 20% below pre-pandemic levels), and insufficient government support, despite recent announcements of €9.39 million in green technology investments, with only €1 mil...

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Industry, Innovation, and Infrastructure

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What is the immediate impact of Spain's unstable political climate on its automotive sector?

Spain's automotive supplier association, Sernauto, expressed concern over the unstable political climate, hindering government support for the sector's crucial transformation. Production is down 11.7% in May and over 20% below pre-pandemic levels, creating uncertainty due to decreased European demand, potential tariffs, and electric vehicle production challenges. The government's recent €9.39 million investment in five projects, only one of which directly benefits the auto sector, is insufficient.

dw.com

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May 13, 19:13

Czech Republic: Arms Boom Offsets Automotive Decline

The Czech Republic, once the world's highest per capita car producer, saw a 7.1% drop in automotive production in Q1 2025 due to Western demand issues, while its arms industry booms, potentially creating 1,000 new jobs at STV Group alone, offsetting automotive job losses.

Czech Republic: Arms Boom Offsets Automotive Decline

The Czech Republic, once the world's highest per capita car producer, saw a 7.1% drop in automotive production in Q1 2025 due to Western demand issues, while its arms industry booms, potentially creating 1,000 new jobs at STV Group alone, offsetting automotive job losses.

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How does the Czech Republic's historical experience in arms manufacturing influence its current resurgence?

The shift from automotive to arms manufacturing in the Czech Republic reflects broader global economic trends. Decreased demand for traditional combustion engine vehicles coupled with increased global military spending, particularly due to the war in Ukraine, has driven this transition. Czech arms exports account for up to 90% of production, indicating a strong international market.

welt.de

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May 5, 16:13

East German Politician Appointed German Climate Minister

Carsten Schneider, a Social Democrat from East Germany, was appointed the new German Federal Minister for Climate Protection; his experience navigating societal resistance to change in the East could influence policy implementation and foster cross-party collaboration in addressing climate challenge...

East German Politician Appointed German Climate Minister

Carsten Schneider, a Social Democrat from East Germany, was appointed the new German Federal Minister for Climate Protection; his experience navigating societal resistance to change in the East could influence policy implementation and foster cross-party collaboration in addressing climate challenge...

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How does Schneider's background in East Germany and his understanding of the challenges of societal and economic transformation influence his approach to climate policy?

Schneider's appointment is significant because it places an East German politician, deeply familiar with the region's economic and social transformations, at the forefront of Germany's climate policy. His understanding of societal resistance to change could influence policy implementation, potentially mitigating potential conflict.

smh.com.au

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Mar 28, 07:13

Inconsistent Policies Hamper Australia's EV Transition

Slowing EV sales in Australia are attributed to a lack of reliable charging stations and inconsistent government policies across states, hindering the transition to sustainable transport despite a $500 million federal investment in highway chargers.

Inconsistent Policies Hamper Australia's EV Transition

Slowing EV sales in Australia are attributed to a lack of reliable charging stations and inconsistent government policies across states, hindering the transition to sustainable transport despite a $500 million federal investment in highway chargers.

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Climate Action

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What are the primary obstacles preventing wider EV adoption in Australia, and what are their immediate consequences?

EV sales in Australia, while reaching 10 percent of vehicle purchases last year, are slowing due to insufficient charging infrastructure and inconsistent government policies. The Australian Energy Market Operator (AEMO) recently reduced its EV adoption forecast for the next decade by one-third. This reflects buyer hesitancy stemming from a lack of standardized charging and varied incentives across states.

europe.chinadaily.com.cn

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Feb 12, 04:12

China's Transition to Innovation-Driven Economy

China's economic growth model is shifting from low-cost manufacturing to innovation-driven development, facing challenges from an aging population and global trade tensions, but also possessing strengths in technological advancement and a vast talent pool.

China's Transition to Innovation-Driven Economy

China's economic growth model is shifting from low-cost manufacturing to innovation-driven development, facing challenges from an aging population and global trade tensions, but also possessing strengths in technological advancement and a vast talent pool.

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What are the key challenges and opportunities presented by China's aging population and the changing global economic landscape?

China's transition from a low-cost manufacturing hub to an innovation-driven economy is crucial due to rising domestic costs and an aging population. This shift requires systemic innovation, strategic government intervention in nascent industries, and a supportive environment for private enterprises.

Showing 1 to 12 of 18 results