Author: Reputation Poll

Europe’s bid to expand its green tech industry faces a host of challenges, including high energy costs and supply chain issues, solar industry representatives gathered in Madrid warned on Thursday. The comments come as the European Commission and European governments weigh tougher action on imports while aiming to boost clean tech manufacturing in Europe and reduce the reliance on China for products needed for the green transition. “You cannot manufacture in Europe,” Gonzalo de la Vina, president for the Europe, Middle East and Africa region of Chinese solar energy firm Trina Solar (688599.SS), said at an event hosted by Spanish…

An Egyptian policeman has opened fire on tourists in the Mediterranean city of Alexandria, killing at least two Israeli nationals and one Egyptian, according to local media reports. Extra News television channel, which has close ties to Egyptian security agencies, quoted an unidentified security official as saying that another person was wounded in the attack at an Israeli tour group in Pompey’s Pillar site in Alexandria. The suspected assailant was detained and the site of the attack was cordoned off, according to the Extra News. A video circulating on social media showed at least three ambulances apparently taking the victims…

Keynote speech by Luis de Guindos, Vice-President of the EC, at the First Annual Conference organised by the Central Bank of Cyprus Introduction I will start by giving you an overview of the economic outlook for the euro area before going on to look at how the ECB has adjusted its monetary policy to this outlook. I will then discuss in more detail the transmission of our monetary policy in the current environment and the sources of uncertainty that appear particularly relevant at this stage. The outlook for inflation and growth in the euro area Economic…

The bank forecasts the Turkish economy to expand by 3.1 percent next year and 3.9 percent in 2025, a downward revision from its previous estimates of 4.3 percent and 4.1 percent, respectively, in June. “Growth is projected to increase to 4.2 percent in 2023 because of resilient household consumption and reduced policy uncertainty,” the bank said in its Europe and Central Asia Economic Update report. “Gradual fiscal consolidation is expected to continue supporting fiscal balances, and the macro-financial stabilization alongside lira depreciation and policy support to exporters is expected to further narrow the current account deficit,” the bank said. The international lender…

The International Monetary Fund (IMF) has strongly supported a call by the African Development Bank Group urging countries in Africa to stop borrowing loans backed by their natural resources. The IMF Managing Director Kristalina Georgieva met Thursday with the African Development Bank Group President, Akinwumi Adesina, in Abidjan, Cote D’Ivoire. It is the first time an IMF head has visited the bank’s headquarters since its establishment in 1964. Welcoming Ms Georgieva, Mr Adesina said, “The natural resource-backed loans are non-transparent, expensive and make debt resolution difficult.” He warned that if the trend continues, “it will be a disaster for Africa.”…

The IMF managing director said international cooperation is weakening at a time the world needs it most, adding that the bridges that connect countries are corroding as trade and investment barriers rise. Georgieva gave advisory on Thursday, in Côte d’Ivoire, during a curtain raiser speech in preparation for the 2023 World Bank and IMF annual meetings scheduled for October 9 to 15, in Morocco. Georgieva, speaking on trade barriers, said operating a free trade market will push up the per capita income of an African country by more than 10 percent. Per capita income measures the amount of money earned…

A 21-year-old New York college student says she was detained in Dubai after an airport search. Airport officials accused Elizabeth Polanco De Los Santos of assault after she nudged one of them, she said. Several Americans have been prohibited from leaving Dubai by drummed-up legal charges and scams. A 21-year-old New York college student has been detained in Dubai after airport staffers accused her of “assaulting and insulting” them. Elizabeth Polanco De Los Santos was traveling from Istanbul with a friend when the incident unfolded in mid-July, Detained in Dubai, an organization that provides advice and legal assistance to foreigners…

Although the pace of increase has come down ever so slightly, the price of rental accommodation in Canada continues to go up, with the average new tenant now being asked to pay $2,117 a month. That’s according to a new report from Rentals.ca and real estate consulting and data firm Urbanation, which tabulates the data every month from their database of the largest single group of rental listings across the country. The $2,117 figure is an increase of 9.6 per cent from the average rent in August of last year. That’s down from an all-time high of 12 per cent…