2023-07-13 06:24:00
Cold shower in London and Riyadh following Berlin’s refusal to export the Eurofighter
Germany will not allow the export of Eurofighter fighter jets to Saudi Arabia in the near future, German Chancellor Olaf Scholz has announced. A German newspaper revealed a government document linking such a decision to the end of the war in Yemen.
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Casino significantly revises its financial forecasts downwards due to the fall in sales
Casino has revised down its financial forecast for 2023 following sales fell sharply in its supermarkets in the second quarter. Ebitda (earnings before interest, taxes, depreciation and amortization) should be 30% lower than expected.
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China: Exports continue to fall due to sluggish global demand
China’s exports contracted 12.4% year on year in June, for the second month in a row, due to weak global demand. For their part, imports remained struggling (-6.8%), a sign of weak domestic demand. These trade figures are the latest in a series of indicators reflecting a loss of steam in the post-Covid recovery in the country, pending the announcement of Chinese growth figures for the second quarter at the beginning of next week.
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Royal Air Maroc plans to quadruple its aircraft fleet to 200 aircraft (like Air France)
Royal Air Maroc (RAM) wants to quadruple its air fleet over the next fifteen years in order to support the development of the tourism sector, under the terms of a program contract signed with the government.
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Euro zone: will inflation really return to its pre-crisis level?
The sudden slowdown in inflation in Spain to 2% raised hopes of a lasting fall in prices in the euro zone. But the relocation of certain production and reindustrialization might push prices up to a level well above the ECB’s inflation target of 2%.
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