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European Commission Approves Higher Advance Payments for EU Farmers

Brussels, September 13 – The European Commission (EC) announced on Friday that it has authorized EU member states to provide higher advance payments from...

Austrian Central Bank Sharply Lowers Economic Forecast

Vienna, September 14 – The Austrian Central Bank has drastically revised its economic outlook in its latest forecast. The real gross domestic product (GDP)...

Inflation in France Drops to Lowest Level in Over Three Years, Driven by Declining Energy Prices

Paris, September 14 – Inflation in France slowed significantly in August, reaching its lowest point in over three years, according to the final data...

Second-Hand Market Booming in Austria: Consumers Spend Hundreds Annually

Vienna, September 14 – Austria's second-hand market is experiencing a significant boom, with more and more consumers turning to used goods. According to a...

Finances: Commerzbank Strives to Fend Off Takeover by UniCredit

Frankfurt, September 12 (FinanceFlashNews.com) – German bank Commerzbank is making efforts to prevent a potential takeover by its Italian rival UniCredit. According to reports...

EU Overcomes Energy Challenges, Accelerates Transition to Renewables

Brussels, September 11 (FinanceFlashNews.com) – The European Commission (EC) has released its 2024 State of the Energy Union report, highlighting the European Union's successful...

German Unions Reject UniCredit’s Potential Takeover of Commerzbank

Frankfurt, September 11 (FinanceFlashNews.com) – The German labor union Verdi has strongly opposed a potential takeover of Commerzbank by its Italian competitor UniCredit. Stefan...

BMW Group Lowers 2024 Outlook Amid Supply Chain Challenges

BMW has revised its profit margin forecast for 2024 to 6-7%, down from the previous estimate of 8-10%. Supply chain disruptions and issues with an...

EU May Extend Deadline for France to Submit Deficit Reduction Plan

France has requested an extension to submit its plan for reducing its public finance deficit. France’s 2023 budget deficit stands at 5.5% of GDP, exceeding...

Volkswagen Ends Job Guarantees, Paving the Way for Layoffs

Volkswagen has canceled job guarantees in six German plants, raising the likelihood of layoffs starting next year. The move aims to cut costs and boost...

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