Economy Declining foreign investments
France is the most popular with investors – Germany falls in the ranking
As of: 4:05 a.m. | Reading time: 2 minutes
Tesla in Grünheide is considered by many to be a showcase project for foreign investment in Germany
Source: dpa/Jörg Carstensen
According to a study by the consulting firm EY, foreign investments in Europe have declined: eleven percent less than before the corona pandemic. Germany is losing out in the ranking, with donors investing in almost 5,700 projects in this country.
Europe and its largest economy, Germany, are attracting less foreign investment, according to a study. The number of new settlements and expansions fell by four percent to 5,694 projects on the continent last year, as the consulting firm EY announced on Thursday in its analysis. The level achieved in 2019 – before the start of the corona pandemic – will be undercut by eleven percent.
France remained the most attractive location, despite a decline of five percent to 1,194 new settlements and expansions. In Germany the decline was much larger at twelve percent to 733 projects.
“Industrial investors were deterred by the recessionary environment, high energy prices and concerns about the security of energy supplies,” wrote EY, referring to the Federal Republic. “Complex bureaucracy and high labor costs continue to limit Germany’s ability to attract more foreign companies.”
Second place was therefore lost to the United Kingdom, which bucked the trend and recorded an increase of six percent to 985 projects. According to the information, London moved to the top as Europe’s number one investment region, followed by Paris. Foreign software and IT providers in particular were drawn to the British capital.
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“Europe urgently needs foreign investment and this study should be a wake-up call for the entire continent,” said EY expert Julie Linn Teigland. These would strengthen the European economy by creating jobs, promoting innovation and boosting exports.
“Urgent action must now be taken to ensure that Europe remains competitive in the face of increasingly fierce competition from the US and China,” said Teigland.
The war between Russia and Ukraine also hit foreign direct investment in neighboring countries hard: Romania recorded a decline of 13 percent, Finland by 32 points, Latvia by 31 percent and Lithuania by 40 percent.
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Foreign investments: France is the most popular among investors – Germany falls in the ranking
Stock market: The time of change – The favorites for… a rise in blue chips
– 2024-05-02 02:11:14
With the Athens Stock Exchange to say goodbye in April from the 13-year highsall market attention is now on which companies will enter the high-cap index and which ones will be downgraded to the mid-cap index.
This is the most important restructuring of the last several years, which is attributed to recent change in the regulation at the A.A.
It is reminded that for any changes the average of the market capitalization of the listed companies in April and not the capitalization of the listed companies at the last meeting of the month, as was the case until now.
Briefly, every meeting in April “counts”..
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Who have the lead for the FTSE 25?
The final answers about which companies will change… category will be given to in the middle of Maywith the amendments taking effect within June.
Based on today’s capitalization, however, that Athens International Airport “E-mail Venizelos”with a market capitalization of almost 2.5 billion euros, is among the companies likely to be included in the large-cap index.
Beyond that, a serious candidacy for inclusion in the FTSE 25 is also being made by Intrakat, which is valued at 866 million euros. Of the rest of the shares, there are few chances for a “rise” in the high capitalization Optima Bank with a value of 784 million euros and Intralot with a value of 693 million euros. THE PPAfor its part, has a capitalization of 620 million euros.
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The favorites for… relegation
In terms of today’s blue chips, the most likely to be relegated to the FTSE MID is EYDAP with a market value of 609 million euros. THE Participation Quest follows with 621 million euros and Autohellas with 626 million euros.
They can feel much more secure ELVALHALCOR and Sarantiswith a capitalization of 724 and 795 million euros.
It is repeated that for the final changes will be taken into account April average and not the last meeting of the month. Also, other factors are included in the criteria, such as liquidity of the security etc.
The capitalization of the companies involved
- AIA 2.4 billion
- Intrakat EUR 866 million
- Sarantis 795
- Optima 784 million euros
- ELVALHALCOR 724 million euros
- Intralot 693 million euros
- Autohellas 626 million euros
- Quest 621 million euros
- PPA 620 million euros
- EYDAP 609 million euros
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(The above is a product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)
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Stock market: The time of change – The favorites for… a rise in blue chips – 2024-05-02 02:11:14
US Senate approves law that forces TikTok parent company to sell
The Senate on Tuesday passed a law that would force TikTok’s China-based parent company to sell the social media platform under threat of a ban. The controversial measure by US lawmakers is expected to face legal challenges and harm content creators who depend on the application for income.
The TikTok law was included in a broader $95 billion package providing aid to Ukraine and Israel, which passed by a vote of 79 to 18. It now goes to President Joe Biden, who said in a statement that he will sign the package on Wednesday.
House Republicans decided last week to include the TikTok bill in the foreign aid package to speed its passage in Congress, following negotiations with the Senate, where an earlier version of the bill had stalled.
The deadline to complete the sale of the social network is extended
That version gave ByteDance, TikTok’s parent company, six months to divest its stake in the platform. But it raised skepticism from some key lawmakers, concerned about the short timeline for a complex operation that could be worth tens of billions of dollars.
The revised legislation extends the deadline, giving ByteDance nine months to sell TikTok, and a possible three-month extension if the sale is underway. The bill would also prohibit the company from controlling TikTok’s secret sauce: the algorithm that feeds users videos based on their interests and that has turned the platform into a trend-setting phenomenon.
TikTok has not yet responded to a request for comment made Tuesday night.
The passage of the legislation is the culmination of long-held bipartisan fears in Washington about Chinese threats and ownership of TikTok, which is used by 170 million Americans.
For years, lawmakers and government officials have expressed concern that Chinese authorities could force ByteDance to hand over American users’ data, or influence them by removing or promoting certain content on TikTok.
“Congress is not acting to punish ByteDance, TikTok or any other company specifically,” said Senate Commerce Committee Chair Maria Cantwell. “Congress is acting to prevent foreign adversaries from conducting espionage, surveillance, malicious operations, harming vulnerable Americans, our soldiers, and our U.S. government personnel.”
Opponents of the bill say the Chinese government could easily obtain information about Americans in other ways, including through commercial data brokers that traffic in personal information.
The foreign aid package includes a provision prohibiting data brokers from selling or renting “sensitive personally identifiable data” to North Korea, China, Russia, Iran or entities in those countries.
However, it has received some criticism, including from the American Civil Liberties Union, which says the language is too broad and could cover journalists and others who publish personal information.
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– 2024-05-02 00:41:01
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US Senate approves law that forces TikTok parent company to sell