Companies in Germany have significantly reduced their investment plans, according to the ifo Institute’s Business Survey. The ifo investment expectations for the current year fell to 2.2 points in November, down from 14.7 points in March. “The investment climate has deteriorated noticeably. This is the result of higher financing costs, weak demand, and uncertainty regarding economic policy,” says Lara Zarges, economic expert at the ifo Institute. Companies are also cautious about the coming year; with a balance of 1.2 points, the ifo investment expectations are actually slightly lower than this year.
EU politics
Reuters: Unions accuse Chevron of ‘massive’ tax avoidance via the Netherlands
International and Dutch unions filed a complaint with a global trade body on Tuesday accusing Chevron Corp. (CVX.N) of funneling billions of euros through letter box companies in the Netherlands to avoid taxation. This will […]
Media
Other News: As states charge towards superintelligence, only a “Baruch Plan for AI” can save us
Ilya Sutskever, founder of Safe Superintelligence (SSI), has grown more skeptical that suitable global coordination mechanisms can be put in place to prevent anyone from leading to catastrophic misuse or loss of control. Read HERE […]
Economics
Larry Elliot: To trust each other again, we need to become more equal
The gap between rich and poor has been widening for decades, driving a climate of mistrust that harms us all Read here
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