Economy

In early March 2020, as Italy was being brought to its knees by Covid-19, protests broke out in many prisons. Some degenerated into actual riots. According to ongoing investigations, Italy's various mafias appear to have played a major role in fomenting the chaos. Months later, in October, fierce protests broke out on the streets of Naples too. Italy's COVID-19 … [Read more...] about Italy’s Affected Economy Due to COVID Forces Mafias to Go After EU’s Billions

The crisis caused by the coronavirus, which has been going on for more than a year now, is far from being over. But perhaps the worst thing is that a latent pessimism – unjustified but real – all too often obscures data and realities which lean towards a cautious and reasoned optimism. If this is added to the political turmoil, Spain may face extreme confusion that alters … [Read more...] about Spain Sees Recovering Economy Amid Worsening Politics

Britain’s construction sector has had its sharpest pick-up in activity since 2014. This is amid signs that the domestic economy is recovering more quickly than Brexit- and pandemic-affected trade flows, new figures have shown. UK Rapid Economy Recovery The latest snapshot of the construction sector. This accounts for around 6% of total UK output, pointed to an … [Read more...] about UK Construction on the Rise Amid Fast Economic Recovery

This is not the time to consider the full reopening of the German economy. Rather, the time to be strict and keep coronavirus infections low, Germany’s finance minister said while adding that richer households will soon be paying more in taxes. Germany Economy “There is not a time for opening. This is the time for being very tough, for keeping infection rates down,” German … [Read more...] about Germany Sees Surge in COVID-19 Cases, Economy Recovery Bleak

The European Union’s rollout of its recovery fund has lost so much urgency. French Finance Minister Bruno Le Maire raises the alarm at the risk delay poses to the region’s rebound from the pandemic. EU Rollout The 750 billion-euro ($890 billion) plan is “not on the right track,” he told Francine Lacqua in a Bloomberg Television interview. This marks Wednesday’s Group of 20 … [Read more...] about EU Recovery Logjam Slammed by Le Maire as G-20 Gathers