The Special Type Of Rice Costs 1 Million…

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Fuel Prices Rise Again In Tunisia

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Tunisia raised fuel prices for the second time in a month, as part of its efforts to curb the budget deficit, as part of a series of reforms wanted by international lenders..

The Ministry of Energy said in a statement that the price of a liter of gasoline will rise on Thursday from 1,955 dinars to 1,995 dinars..

Last month, the International Monetary Fund urged Tunisia to reduce its wage bill and reduce energy subsidies in order to reduce the fiscal deficit, while putting more pressure on the government in light of a severe financial and political crisis..

The Fund warned that the fiscal deficit would reach nine percent of GDP in 2021 if Tunisia did not implement reforms..

The fiscal deficit reached 11.5 percent last year as the country was affected by the Corona pandemic.

Source: Reuters“

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Stocks Hold Steady As S&P 500 Eyes 5,000…

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News

Inside the Monumental Move: An Exclusive Interview with Caps and Wizards Owner Ted Leonsis

February 8, 2024

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Double Trouble: Iceland’s Volcano Erupts Again, Threatening Power Plant with Lava

February 8, 2024

Insightful Testimony: Treasury Secretary Janet Yellen Faces Senate Committee | CBS News

February 8,

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A Bad Vintage For Promotions That Are Becoming…

2024-02-06 17:02:14

Having lost momentum for several years in a context where promotional offers are commonplace, sales are no longer attractive and professionals are calling for an overhaul of the system. Because under the avalanche of figures for the 2024 edition, the same observation: the winter sales, launched on January 10 in the majority of French departments and which end on Tuesday, were much less successful than in 2023.

A “bad” season for the 2024 winter sales

The Retail Int panel. for the Commerce Alliance, which includes around sixty major brands (Jules, Monoprix, Levi’s, Promod, etc.), reports a drop in turnover of 6% compared to the previous year, on the first three weeks of the sales.

Independent brands members of the National Clothing Federation (FNH) report a 6% drop in turnover over the first two weeks. And the Union of Independents and Small Businesses (SDI) reports a reduction of between 15 and 30% in turnover during its mid-term balance sheet of the sales.

A sector under high tension

Camaïeu, Kookaï, Naf Naf, Gap France, Burton of London, San Marina, Minelli, Don’t Call me Jennyfer, Pimkie… These brands well known to the French are downsizing,

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ENERGY TRANSITION GreenYellow Sells Its Shares To The…

Madagascar is at the center of financial interests, which is a good sign for supporting the investments necessary for economic development. In this whirlwind of business, in the noble and proper sense of the expression, GreenYellow has just signed an agreement with the Axian Group to sell its shares in solar energy in Madagascar. It has made the decision to offload, it is true, three of its solar sites in Madagascar, including that of Ambatolampy, with an installed capacity of 40 MW.

The general director of GreenYellow Austral, Pierre Marouby, speaks of “a handing over of the baton” and says he is convinced of Axian’s ability to continue the exploitation of these projects with ambition and success. For this French company, the sale of its assets in Africa, including Madagascar, is a continuation of its strategy which aims “to rebalance its geographical exposure and accelerate its development in Europe”, according to the Axian press release.

For Axian Energy, acquiring GreenYellow’s solar assets realizes its growth ambition and underlines its desire “to have a positive impact and contribute to socio-economic development through accessible and sustainable energy solutions”, as Benjamin Memmi indicates. , CEO of Axian Energy. The two parties will therefore actively collaborate with a view to concluding the transaction for this sale of assets.

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Public Debt Securities Appreciated In Value By 7.9…

#Public #debt #securities #appreciated #billion

The central bank also reveals the total stock of debt securities issued by public administrations. In December, the total nominal value of debt securities issued by public administrations was 170.5 billion euros, 4.4% less than at the end of the previous year.

In 2023, public debt securities rose in value by 7.9 billion euros, an evolution that contrasts with the devaluation of 35.4 billion euros that occurred in 2022.

The data comes from Banco de Portugal (BdP), which also states that at the end of 2023, the total value of securities issued by resident entities was 473.5 billion euros, 18.7 billion euros more than in the previous year. end of the previous year. In 2022, the stock of securities issued by resident entities had decreased by 36.2 billion euros.

Justifying these variations is, on the one hand, the appreciation of public debt securities, of 7.9 billion euros; the appreciation of listed shares, of 2.2 billion euros (which compares with 2.4 billion euros in 2022); share issues exceeded amortizations,

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Europe Stock Market Update: Piazza Affari Slightly Rising…

Piazza Affari slightly rising after mid-day

Piazza Affari passes the mid-day mark in slightly positive territory and in line with the other European stock exchanges: the best list is that of Amsterdam, which rises by 1.3% also thanks to the digital payments stock Adyen (+21%) which recorded better-than-expected accounts, also pushing Nexi higher (+2.2%) in Milan. For all the other stock markets, while awaiting the early afternoon macroeconomic data from the United States, including unemployment benefits, much smaller increases were recorded, with Paris rising by 0.5%, Piazza Affari and Madrid by 0 .4%, Frankfurt by 0.3%. Flat London. In the French capital, Kering is still strong, growing by 4% after the accounts. In Milan the best stock in the large capitalization basket is STM, up 2.7%, followed by Stellantis up 2.3% and Mediolanum up 2.1% after the 2023 data. Mps, which also looks at press reconstructions on a possible sale of a further stake by the Mef, reduces the morning’s losses and fluctuates around parity. Weak after the Banca Generali accounts (-1.4%) and Bper, which lost 2.8% to 3.44 euros. The spread between BTPs and German Bunds is calm at 157 basis points, with the yield on the Treasury product at 3.9%.

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Ex Ilva: AdI Costs ArcelorMittal 1.4 Billion. Urso:…

by Verità&Affari editorial team

The discussion between ArcelorMittal and Invitalia on the future of Acciaierie d’Italia is still ongoing, warns the Minister of Business Adolfo Urso. For this reason, the extraordinary administration can wait. Meanwhile, ArcelorMittal records a capital loss of 1.4 billion on the accounts of the fourth quarter of 2023 due to the impact of Acciaierie d’Italia. Accounts closed with a profit of 900 million euros, lower than analysts’ expectations.

Urso: discussion underway between members

The ongoing discussion between the partners “could possibly lead to a solution that must in any case guarantee the production relaunch, employment and environmental reconversion – explained Urso during a hearing in Industry Committee in the Senate -. But the road to extraordinary administration has been opened. If there were no other solutions in the meantime, equally significant for the guarantees of industrial and employment relaunch, after having safeguarded the credits of companies we will proceed in the direction of the commissioner”.

The controversy over the hearings

“What surprised me – the minister continued – is learning that the CEO of such an important and significant company is not even came to the hearing to give the information that Parliament deemed necessary to request“.

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