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The Romanian Finance Minister, Alexandru Nazare, stated on October 25 that he does not want new taxes and duties for 2027, but emphasized the need for financial sustainability. The necessity of finding funding sources for new programs not yet budgeted could lead to decisions in this regard, with political responsibility falling on the Government and Parliament.
Read article →Zhang Yiming, founder of TikTok's parent company, ByteDance, is once again the richest person in China with a fortune of 89.4 billion euros. His rise, highlighted by the Hurun Report and reported by Euronews, is attributed primarily to the artificial intelligence boom. This phenomenon reveals a polarized Chinese economy, where the technology sector prospers while real estate and traditional industries struggle.
Read article →Mercedes-Benz has reduced its core profit forecast for 2026, now expecting a stable result of 5.8 billion euros instead of the initially estimated 15% growth. The decision, announced on Tuesday, is linked to difficult market conditions in China and increasing material costs, reflecting a structural crisis in the German automotive sector and causing a drop in the group's shares.
Read article →Ahead of Chancellor John Healey's first Budget, BBC News has gathered testimonies from British citizens expressing concerns about the rising cost of living. Requests range from tax relief for single-parent families and youth support, to cuts in fuel excise duty and university loan reforms.
Read article →The British Chancellor of the Exchequer, John Healey, has announced a series of measures aimed at providing “breathing room” for families facing the cost of living. Among the main initiatives, BBC News reports, are cuts in duties on around one hundred food products and a freeze on fuel excise duty. These decisions precede Wednesday's budget and also include aid for caregivers.
Read article →Recent protests in Albania have had a primarily psychological impact on the banking system, without causing service interruptions, according to expert Elvin Meka. Although the unrest caused material damage to 38 bank branches and 42 ATMs in Tirana, the repair costs are considered absorbable by the banks, which have kept operations running.
Read article →Morocco intends to reach an overall dam storage capacity exceeding 24 billion cubic meters by the end of 2027. This objective, detailed in the explanatory memorandum of the 2027 finance bill project, is part of efforts to strengthen water security. Since 2020, eight large dams have been completed and several others are in an advanced stage or under construction, along with programs for small dams and aquifer drilling.
Read article →Piero Cipollone of the ECB presented plans for the digital euro in an interview published on October 24, 2026. Essential for European sovereignty and to reduce external dependence, it aims to offer a digital alternative to cash, with a pilot in 2027 and a possible launch in 2029.
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