Browsing: Business

The European Union allocated €381.4 billion to research and development (R&D) in 2023, reflecting a 6.7% increase from the previous year’s expenditure of €357.4 billion and a significant 57.9% rise compared to 2013, when €241.5 billion was spent. This marks

MENA Newswire News Desk: Political instability in France and Germany is creating significant economic challenges for the European Union, disrupting modernization efforts and undermining global competitiveness. The collapse of the governments in these two key EU member states comes at

MENA Newswire News Desk: Olivier Andriès, CEO of French aerospace giant Safran, has expressed significant concerns regarding the potential impact of ongoing political instability in France on the nation’s defense budget and investor confidence. Speaking at a recent industry forum, Andriès highlighted the

MENA Newswire News Desk: Rising employment costs in the United Kingdom have slowed growth in the country’s services sector, according to the S&P Global UK Services Purchasing Managers Index (PMI) for November. The PMI reading dipped to 50.8, down from October’s

MENA Newswire News Desk: Christian Sewing, CEO of Deutsche Bank, has called for immediate structural reforms in Germany to enhance the nation’s economic competitiveness in the face of global challenges. Speaking at the Financial Times Global Banking Summit in London, Sewing urged policymakers to

MENA Newswire News Desk: The European Commission (EC) has unveiled a €4.6 billion investment initiative to support decarbonization technologies and clean hydrogen projects. Announced on December 3, 2024, the funding will be sourced from revenues generated by the EU Emissions

MENA Newswire News Desk: Wage inequality has declined in approximately two-thirds of countries since the turn of the century, according to a newly released report by the International Labour Organisation (ILO). The Global Wage Report 2024-25: Is Wage Inequality Decreasing

MENA Newswire News Desk: German consumer sentiment is projected to decline sharply in December, with the index falling to -23.3 points from -18.4 in November, according to a survey by GfK and the Nuremberg Institute for Market Decisions. This marks

MENA Newswire News Desk: The City of London Corporation has announced the permanent closure of two of London’s historic wholesale markets, Smithfield Market and Billingsgate Market, by 2028. This decision follows the abandonment of plans to relocate the markets to

MENA Newswire News Desk: In the wake of Labour’s recent tax-raising budget, both consumer and business confidence in the UK have shown signs of decline. The British Retail Consortium (BRC) reported that while households have maintained spending levels, improvements in