Economic activity in the euro area weakened in September compared to August. The British market researcher Markit announced this on the basis of preliminary figures. Activity in the services sector was declining, but activity in the euro area industry was increasing.
The European countries have not agreed on sanctions against Belarus because one member state is obstructing. Minister Blok of Foreign Affairs was ‘very disappointed’at the end of the talks.
The American shop giant Walmart wants to have its operations to go completely carbon-neutral by 2040. The group also wants to do more to help the environment. Walmart, for example, has launched initiatives to restore large areas of land and sea by 2030.
American president Donald Trump announced at a press conference at the White House on Saturday that he was behind the plan for a deal between Oracle and TikTok-owner ByteDance. Earlier this week, Trump said he expected the deal to go away. Because of the agreement, the introduction of an American ban on the app, which would enter into force on Sunday, has been postponed by a week.
The French plan to introduce new environmental taxes will not make the aviation sector emission-free. In addition, its introduction will result in the loss of another 150 000 jobs in a sector that is already under considerable pressure. That is what the International Aviation Organisation IATA says in a response.
The Irish budget airline Ryanair expects to operate even fewer flights in October than the reduced number previously mentioned. The low-coster cut his capacity by 20 percent. That’s what company did in mid-August.
Within the European Central Bank (ECB), voices are being raised to allow banks to pay dividends again. Some central bank policymakers believe that extending a call to banks not to reward shareholders does more harm than good, say sources of Bloomberg press office. However, there is still a group of policy makers who do not think a resumption of dividend payments is a good idea.
Consumer prices in the euro area did indeed fall slightly in August. The European Statistical Office confirmed with definitive figures a provisional measurement. Inflation in the euro area stood at minus 0.2%, equivalent to the previous measurement, which was the first negative value since 2016.