Business and Economy

Business and Economy Latest News

EU cuts eurozone 2023 growth forecast, sees German recession
EU cuts eurozone 2023 growth forecast, sees German recession
by  AFP

The European Commission cut its 2023 and 2024 eurozone economic growth forecasts on Monday, with the single currency area weighed down by Germany's poor performance. The single currency area made up of 20 countries will grow by 1.3 percent in 2024, the commission said, down from a previous forecast of 1.6 percent.

HMV owner's bid for UK retailer Wilko falls through
HMV owner's bid for UK retailer Wilko falls through
by  AFP

A last-ditch bid to save thousands of jobs at struggling UK household goods retailer Wilko has collapsed, the owner of the HMV music store chain said on Monday. Wilko, which operated some 400 stores across the UK and online, announced its collapse on August 10, putting 12,500 jobs at risk.

Savoy dynasty daily life on display with Geneva auction
Savoy dynasty daily life on display with Geneva auction
by  AFP

Porcelain figurines, a white faux-leather sofa and a foosball table: these are among the items in a House of Savoy auction, providing a rare glimpse into the everyday life of royals. There are also objects linked to the Savoy family heritage, including engraved silver coat of arms and porcelain figurines, but also bronze statuettes recalling the modernist interior style of the Geneva villa.

Energy

Money

Industry

Technology

Economy