-- Southern European economies that were long sneered at by their richer northern neighbors have turned the tables as they cement their role as growth driver s in the sputtering euro area.Zimbabwe Announces New Currency Called the ZiG, Backed by Gold
This year, Spain, Portugal and Greece are expected to be among the top performing economies in the 20-nation bloc, according to the European Commission. “It won’t be a new Eldorado, but it’s a country that will continue to attract investors,” Natixis economist Jesus Castillo told Bloomberg. The spread between Spanish and French 10-year bond yields has more than halved since a peak in mid-2022 to just above 30 basis points.
Weaning itself off gas has been a particular challenge for Germany, which had become used to powering its heavy industries with cheap imports from Russia in the decades before the invasion of Ukraine and the ensuing energy crisis. TOKYO — Japanese Prime Minister Fumio Kishida visited a new semiconductor plant for which his government has pledged more than 1 trillion yen of support to secure a steady supply of chips on Saturday. “I believe this project will have positive ripple effects throughout Japan. It is key for not only the semiconductor industry but also a wide range of businesses such as electric vehicles and electronics,” he said while touring the facility.
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