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Greece has controversially introduced a six-day working week for certain businesses in a bid to boost productivity and employment in the southern European country. The regulation, which came into force on 1 July, contrasts with a global trend of companies exploring shorter working weeks. Extended hours for specific sectorsUnder the new legislation, employees of private businesses that provide round-the-clock services will have the option of working an additional two hours per day or an extra eight-hour shift. This change means a traditional 40-hour workweek could extend to 48 hours for some bu...
Invezz
China’s BYD saw a 21% increase in second-quarter electric vehicle (EV) sales, narrowing the gap with Tesla. The Warren Buffett-backed company said late Monday that it sold 341,658 vehicles during June, compared with 331,817 a month earlier and 253,046 in June 2023. BYD vs TeslaBYD sold a total of 426,039 EVs from April to June, just 12,000 vehicles shy of Tesla’s estimated deliveries for the same period. Tesla is expected to report a 6% decline in vehicle deliveries for the April-June quarter on Tuesday. This marks the first time the U.S. firm could see two consecutive quarters of declining de...
Invezz
Headline inflation in the euro area eased to 2.5% in June, as reported by the European Union’s statistics agency on Tuesday. This figure matched the expectations set by economists in a Reuters poll. In contrast, May’s inflation had been slightly higher at 2.6%. Core inflation remains steadyWhile headline inflation showed a slight decline, core inflation, which excludes volatile items such as energy, food, alcohol, and tobacco, remained steady at 2.9%, just missing the forecast of 2.8%. The rate of price increases in the services sector also held firm at 4.1%. Implications for interest ratesThe...
Invezz
Circle, la société derrière USD Coin (USDC), a franchi une étape importante en devenant le premier émetteur mondial de pièces stables à se conformer au cadre réglementaire des marchés de crypto-actifs (MiCA) de l’Union européenne. On Monday, the company announced it has been granted an electronic money institution (EMI) license by France’s banking regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR). Cette licence permet à Circle d’émettre ses jetons USDC et Euro Coin (EURC) conformément aux obligations réglementaires strictes de MiCA en matière de stablecoin, faisant de Circ...
Invezz - FR
Circle, la compañía detrás de USD Coin (USDC), ha logrado un hito importante al convertirse en el primer emisor global de monedas estables en cumplir con el marco regulatorio de Mercados de Criptoactivos (MiCA) de la Unión Europea. El lunes, la compañía anunció que el regulador bancario de Francia, la Autoridad de Resolución y Control Prudencial (ACPR), le había concedido una licencia de institución de dinero electrónico (EMI). Esta licencia permite a Circle emitir sus tokens USDC y Euro Coin (EURC) de conformidad con las estrictas obligaciones regulatorias de monedas estables de MiCA, lo que ...
Invezz - ES
Circle, das Unternehmen hinter USD Coin (USDC), hat einen bedeutenden Meilenstein erreicht, indem es der erste globale Stablecoin-Emittent wurde, der den regulatorischen Rahmen der Europäischen Union für Märkte für Krypto-Assets (MiCA) einhält. Am Montag gab das Unternehmen bekannt, dass es von der französischen Bankenaufsichtsbehörde Prudential Control and Resolution Authority (ACPR) eine Lizenz für ein E-Geld-Institut (EMI) erhalten hat. Diese Lizenz ermöglicht es Circle, seine USDC- und Euro Coin (EURC)-Token in Übereinstimmung mit den strengen regulatorischen Verpflichtungen von MiCA für S...
Invezz - DE
La tasa de inflación anual de Alemania en junio de 2024 cayó al 2,2 % desde el 2,4 % registrado en mayo, que se ubicó por debajo de las expectativas del 2,3 %, según estimaciones preliminares. Durante este lapso, se registró una disminución significativa en la inflación de bienes (0,8% en comparación con 1%), mientras que los costos energéticos disminuyeron (-2,1% en comparación con -1,1%) y los precios de los alimentos aumentaron significativamente (1,1% en comparación con 0,6%). Sin embargo, la inflación en servicios permaneció estable en un 3,9 %. La tasa de inflación subyacente, excluyendo...
Invezz - ES
The Japanese yen continued to weaken against a basket of currencies on Monday, touching its nearly four-decade low against the American dollar after data showed that Japan’s gross domestic product (GDP) contracted by more than expected during the opening quarter. This development has seemingly dampened hopes of a potential rate hike by the Bank of Japan. Dollar, euro, and pound gain significant groundThe dollar gained 0.31% against the Japanese yen, selling at 161.3765 at 8:40 am ET, its strongest level since December 1986. At the same time, the euro climbed 0.58% compared to the Japanese curr...
Invezz
Manufacturing activity in Europe saw a notable decline in June, with demand falling at an accelerated rate despite price cuts by factories, according to a recent survey. The Hamburg Commercial Bank’s Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 45.8 in June from 47.3 in May. This dip from the preliminary estimate of 45.6 highlights a sector that has been contracting for two consecutive years, remaining below the critical 50 mark that separates growth from contraction. The PMI is a critical indicator of economic health in the manufacturing sector, with values above 50 indic...
Invezz
Hyatt Hotels Corporation (NYSE: H) está en el centro de atención esta mañana después de revelar que me compró a mí y a toda la marca de hoteles para expandir su presencia en Alemania. Las acciones del gigante hotelero subieron más del 1,0% el viernes. Hyatt firmó un acuerdo con Lindner HotelsHyatt anunció un acuerdo con Lindner Hotels para agregar siete hoteles boutique hoy. Arno Schwalie, el director general Lindner, afirmó hoy en un comunicado de prensa: Estamos encantados de profundizar nuestra exitosa colaboración y avanzar hacia un ritmo de alto crecimiento para mí y para todos los hotele...
Invezz - ES
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