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Europe
Sustainability
IEA forecasts strong growth in electric car sales to 17 million in 2024
The IEA expects China to account for 10 million electric vehicle sales this year
Economy
ECB stays committed to multiple rate cuts despite Fed’s caution, global uncertainty
Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity
Economy
UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation
This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019
Economy
ECB signals potential June interest rate cut despite rising oil prices, weaker euro
ECB ready to adapt monetary policy stance if current trends persist
Europe
Saudi Arabia’s minister highlights $3 billion in Spanish real estate investments, announces upcoming development agreement
40 percent of Spain's investments in Saudi Arabia over the past 10 years has been in the real estate sector
Markets
Gold prices rise as geopolitical uncertainty boosts bullion’s global appeal
Gold maintains safe-haven appeal despite Federal Reserve's stance on rates
Economy
IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia
The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January
Europe
EU commits $3.71 billion to ocean protection and sustainability initiatives in 2024
Efforts target marine pollution, sustainable fisheries and blue economy investments
Banking & Finance
EIB approves $4.57 billion for business, climate action and energy across Europe
EIB signed €88 billion in new financing for over 900 projects in 2023
Economy
U.K. unemployment rate hits 6-month high of 4.2 percent, exceeding expectations
The unemployment rate in the country stood at 3.9 percent in the three months to January
Economy
Inflation in Germany eases to 2.2 percent in March, lowest since June 2021
The consumer prices increased by 2.7 percent year-on-year in February 2023
Economy
Inflation in France slows to lowest point since 2021, records 3.2 percent in March
Driven by lower growth in the prices of food, services, tobacco, energy, and manufactured products
Economy
Portugal’s government forecasts 1.5 percent economic growth for 2024
The country’s economic growth estimates align with the state budget, slightly lower than election promises
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