Economy

Draghi Proposes €800bn Boost to Rescue Europe from Economic Decline
September 10, 2024
Line
2
 Min

Draghi Proposes €800bn Boost to Rescue Europe from Economic Decline

Mario Draghi, former ECB president, has called for a drastic increase in investments to prevent Europe’s economic collapse. In a new report, he urges the EU to invest an extra €800 billion annually to boost productivity and growth, surpassing post-WWII levels. His recommendations include easing regulations for mergers, enhancing AI and tech integration, and issuing new common debt for defense and industrial needs.

ECB Poised to Cut Rates Again as Inflation Eases Towards Target
September 10, 2024
Line
1
 Min

ECB Poised to Cut Rates Again as Inflation Eases Towards Target

The European Central Bank (ECB) is expected to cut interest rates again this week as eurozone inflation continues to fall toward the 2% target. After reducing rates in June, the ECB is likely to announce another quarter-point cut, lowering the deposit rate to 3.5%.

Baltic High-Speed Rail Project Set for 2030 Completion Despite Delays
September 8, 2024
Line
2
 Min

Baltic High-Speed Rail Project Set for 2030 Completion Despite Delays

The Baltic high-speed rail project, Rail Baltica, aims to connect Estonia, Latvia, and Lithuania to the European rail network by 2030, despite significant cost overruns and delays. Initially projected at €3.5 billion, the project's cost may rise to €19 billion. Originally planned to open by 2025, the project faces a five-year delay.

Türkiye's National High-Speed Train to Begin Track Tests in 2025
September 8, 2024
Line
1
 Min

Türkiye's National High-Speed Train to Begin Track Tests in 2025

Türkiye's first domestically produced high-speed train will begin track tests in late 2025 after completing factory static trials. Capable of reaching 225 kph and carrying 584 passengers.

Greek PM Pledges Pension and Wage Increases by 2027
September 8, 2024
Line
2
 Min

Greek PM Pledges Pension and Wage Increases by 2027

Greek Prime Minister Kyriakos Mitsotakis has pledged pension hikes, tax cuts, and a higher minimum wage by 2027. Speaking at the Thessaloniki trade fair, Mitsotakis promised pension increases of up to 2.5% in 2025, alongside a gradual rise in the minimum wage from €830 to €950.

Italy to Put Beach Licences Up For Grabs By June 2027
September 5, 2024
Line
1
 Min

Italy to Put Beach Licences Up For Grabs By June 2027

Italy plans to launch tenders for beach management contracts by June 2027, responding to long-standing EU demands to open the sector to competition. The draft bill, set to be discussed by Prime Minister Giorgia Meloni's cabinet, extends existing licenses until September 2027 and outlines compensation criteria for operators who lose their concessions.

Madrid Moves to Ban E-Scooters
September 5, 2024
Line
1
 Min

Madrid Moves to Ban E-Scooters

Madrid's city government has announced plans to ban e-scooters rented through mobile apps, citing failures by licensed operators to implement circulation limits and control parking. The licenses of Lime, Dott, and Tier Mobility will be cancelled from October, with no plans to grant new licenses.

Switzerland Submits India Free Trade Agreement to Parliament
September 5, 2024
Line
1
 Min

Switzerland Submits India Free Trade Agreement to Parliament

The Swiss government has submitted a proposed free trade agreement with India to parliament for approval. The agreement, signed in March between India and the European Free Trade Association (EFTA), includes Switzerland, Iceland, Norway, and Liechtenstein. It aims to lift import tariffs on industrial products from these countries in exchange for $100 billion in investment over 15 years.

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