Economy

Cyprus Turns to Desalination to Combat Severe Water Shortages
December 11, 2024
Line
2
 Min

Cyprus Turns to Desalination to Combat Severe Water Shortages

Cyprus plans to expand its reliance on desalination plants to address water scarcity caused by a series of increasingly arid winters. With dams holding only 25% of their capacity, the government has announced short- and long-term strategies to secure water supplies for the population and agriculture.

Istanbul and Abu Dhabi Financial Centers Forge Strategic Partnership
December 11, 2024
Line
1
 Min

Istanbul and Abu Dhabi Financial Centers Forge Strategic Partnership

Istanbul Financial Center (IFC) and Abu Dhabi Global Market (ADGM) have signed a cooperation agreement to enhance Türkiye's financial competitiveness and foster stronger ties between the two countries' financial ecosystems. The partnership focuses on knowledge exchange, technological development, and promoting sustainable finance.

European Car Industry Faces €15bn in Fines Over Emission Rules
December 11, 2024
Line
2
 Min

European Car Industry Faces €15bn in Fines Over Emission Rules

The European car industry is urging the EU to postpone fines for exceeding emission limits for combustion vehicles, set to take effect in 2025. The European Automobile Manufacturers Association (ACEA) estimates that compliance could require €15 billion in provisions, diverting resources from investment in green technologies. ACEA President Luca de Meo, also Renault’s CEO, emphasizes the need for regulatory flexibility, citing a lack of infrastructure, demand, and readiness to meet strict emissions targets.

EU Unveils €8.4bn Agriculture Support Plan to Modernize Farming
December 11, 2024
Line
 Min

EU Unveils €8.4bn Agriculture Support Plan to Modernize Farming

The European Investment Bank (EIB) has announced its largest-ever support package for agriculture, mobilizing €8.4 billion over three years. The initiative aims to modernize farming practices, promote sustainability, and support small and medium-sized farmers, with a focus on young farmers, women-led businesses, and environmentally friendly projects.

ECB Poised for Third Rate Cut
December 11, 2024
Line
1
 Min

ECB Poised for Third Rate Cut

The European Central Bank (ECB) is expected to implement its third consecutive interest rate cut, aiming to stimulate growth in the eurozone as it grapples with tepid economic expansion and political turmoil in Germany and France. While inflation remains slightly above target, the ECB is likely to opt for a modest quarter-point reduction, lowering the key deposit rate to 3%.

Serbia Launches First-Ever Green Budget, Allocates €1bn for Eco-Friendly Projects
December 9, 2024
Line
1
 Min

Serbia Launches First-Ever Green Budget, Allocates €1bn for Eco-Friendly Projects

Serbia's 2025 budget includes the country’s first Green Budget annex, earmarking €1 billion for 64 environmental projects across multiple ministries. Over half of the funds are designated for railway development, aiming to boost energy efficiency and reduce greenhouse gas emissions. Other initiatives include waste management, sewerage infrastructure, and flood protection.

UK House Prices Hit Record High in November Amid Strong Demand
December 9, 2024
Line
1
 Min

UK House Prices Hit Record High in November Amid Strong Demand

UK house prices hit a record high in November, with average prices reaching £298,083 (€359,477.67), driven by easing mortgage rates, rising wages, and strong demand. Northern Ireland led annual growth at 6.8%, while London remained the most expensive region.

Chinese Automakers Turn to Hybrids to Navigate EU Tariffs
December 9, 2024
Line
 Min

Chinese Automakers Turn to Hybrids to Navigate EU Tariffs

Faced with increased EU tariffs on electric vehicles (EVs), Chinese automakers like BYD, Geely, and SAIC are ramping up hybrid exports to Europe. These hybrids, exempt from the tariffs, are challenging Japanese and European manufacturers by offering affordability, advanced features, and quality.

Categories

Mergers & Acquisitions
Economy
Companies
Markets
Tech & Space
Energy

Get smarter in just 5 minutes

Your daily 5-minute digest on business and tech news from across the UK & EU delivered straight to your inbox every morning!
Your data is never sold, transferred or used for any purpose other than to deliver our newsletter.
Thank you for subscribing to Dawn Digest!
Something went wrong while subscribing. Please contact us at support@dawndigest.com.

Copyright © 2024 DawnDigest. All Rights Reserved.

Close Icon