French PM expects wider budget gap next year

Note: This section contains information in English only.
Source: Dukascopy Bank SA
France is set to break a promise to keep the EU budget deficit ceiling in 2019, after the President unveiled $11.33B tax cuts and increase of spending to suppress public anger at higher living costs and weak purchasing power, the PM Edouard Philippe stated.
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Mon, 17 Dec 2018 16:51:22 GMT

Italy's government agrees cuts of budget to avoid sanctions by EU

Italy's ruling coalition government agreed on a revised draft budget that it is set to submit to the EC, aiming to avoid the excessive deficit procedure, the Deputy PM Matteo Salvini stated.

Mon, 17 Dec 2018 16:30:11 GMT

Mercedes-Benz cuts prices in China after suspension of tariff on US-made cars

Germany's luxury car producer Mercedes-Benz stated that it is set to offer discounts over cars imported into China from the US until March 31 after Beijing suspended extra tariffs on the US-made cars.

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