China state-owned firms’ profits up 0.4% y/y in 2024
BEIJING (Reuters) – Profits at China’s state-owned enterprises rose 0.4% in 2024 from the previous year, the Ministry of Finance said in a statement on its website on Sunday. That compares with a 7.4% rise in state firm profits in
Can Europe’s space industry survive?
Investing.com — Europe’s space sector is grappling with a turbulent period marked by project delays, cost overruns, and mounting competition from global players. Airbus, a leading player in the industry, has absorbed €1.5 billion in charges in its satellite division over the
Who is at risk of 25% USA tariffs in Europe?
Investing.com — President Donald Trump’s comments on potential 25% tariffs targeting imports from Canada and Mexico have sparked concerns among European companies that have supply chains in these two countries, but a larger revenue than asset exposure to the US. In
Swiss president forecasts deficits of 3 billion francs in coming years
GENEVA – Switzerland’s President and Finance Minister Karin Keller-Sutter forecast higher annual budget deficits of around 3 billion Swiss Francs ($3.31 billion) in the next few years due to higher military spending and pension costs, she told SonntagsZeitung in an
