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13876 articles published since 08 Mar 2022

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Venice to launch tourist tickets in 2024
Venice to launch tourist tickets in 2024
Economy

Venice announced on Thursday that it would introduce a fee for day tourists to enter the city's overcrowded historic centre on 29 days next year as it seeks to come to grips with overtourism. Day visitors will need to pay five euros ($5.45) to enter the city centre between 8:30 am to 4:00 pm during the peak tourist season from April 25 to May 5.

Crisis-mired Germany to blow through debt limit in 2023
Crisis-mired Germany to blow through debt limit in 2023
Economy

Germany will seek to suspend a constitutional debt limit for a fourth straight year, its finance minister said Thursday, after a shock court ruling upended government spending plans and sparked a budget crisis. The finance minister, who has intoned on the importance of clear debt limits, avoided direct mention of the brake in an earlier press conference.

Novo Nordisk spends big in France to expand obesity drug capacity
Novo Nordisk spends big in France to expand obesity drug capacity
Economy

Danish pharmaceutical giant Novo Nordisk will announce Thursday a major investment in a French production site to expand capacity for a blockbuster anti-obesity drug, the French presidency said. Novo Nordisk already said this month it was investing 42 billion Danish kroner ($6.1 billion) to expand its facilities in Denmark.

Turkey delivers another major interest rate hike
Turkey delivers another major interest rate hike
Economy

Turkey's central bank on Thursday surprised the market with a larger-than-expected interest hike as it ramped up its fight against inflation and efforts to support the slumping lira. And Erkan has been trying to calibrate rate hikes to levels that both fight inflation and avoid infuriating Erdogan.

The economy, stupid? UK PM Sunak's 'only' chance of re-election
The economy, stupid? UK PM Sunak's 'only' chance of re-election
Economy

UK leader Rishi Sunak's hopes of turning around his beleaguered Conservative party's fortunes before a likely general election next year hinge on a British economic recovery, observers say. However, it forecast that economic output would grow by just 0.7 percent next year, sharply down from a previous prediction of a solid 1.8-percent expansion.

Tesla's Musk says fallout from Sweden strike 'insane'
Tesla's Musk says fallout from Sweden strike 'insane'
Economy

Tesla chief executive Elon Musk broke his silence Thursday on a strike against his company in Sweden, saying it was "insane" that it may block new car deliveries. Replying to a user posting about the issue on X, formerly Twitter, Musk, who had not publicly reacted to the strike previously, said simply: "This is insane."

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