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Now playing Next Green News Global charity calls for end to EU incentives for crop-based biofuels Oxfam argues that despite caps introduced in recent years the EU continues to drive demand for food crops and land to be diverted into fuel production, but the biofuel industry continues to insist it is part of the solution to climate change. 13/09/2024
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Now playing Next Markets Weekly recap: European Central Bank rate cut sparks market rally Global stock markets were mostly positive this week, buoyed by optimism over central banks' rate cuts. The ECB’s second rate reduction of the year fuelled a market rally across Europe. 13/09/2024
Now playing Next Economy ECB's Lagarde reaffirms data-driven approach to future rate decisions ECB President Christine Lagarde reaffirms a data-driven approach to rate decisions while urging structural reforms, citing Mario Draghi's competitiveness report. The ECB lowered its deposit rate by 25 basis points, with inflation and growth forecasts largely unchanged. 12/09/2024
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Now playing Next Economy European Central Bank cuts interest rates again as inflation slows The European Central Bank (ECB) has cut its key interest rates as the markets expected, marking its second reduction this year following a move in June. 12/09/2024
Now playing Next Markets Commerzbank shares surge after UniCredit's latest stake acquisition The Italian banking group announces it has successfully acquired a 9% stake in Germany's second-largest bank, Commerzbank. The deal marks the first step of the German government towards reducing its holdings in the bank. 12/09/2024
Now playing Next Economy Spotlight shifts to ECB as US CPI weakens case for Fed jumbo rate cut European markets may be bracing for a hawkish rate cut from the European Central Bank, following higher-than-expected US inflation data, which dampened hopes for a significant rate reduction by the Federal Reserve. 12/09/2024
Now playing Next Design Carlo Mollino furniture sale blocked by Italian government Expected to sell for millions, the Italian government says it made a "mistake" by allowing a London auction house to sell the classic furniture as it's part of the country's 'cultural heritage.' 12/09/2024
Now playing Next Markets Why are these 6 top European carmaker stocks trading at record lows? European car manufacturers, including BMW, Mercedes, and Volkswagen, face sharp stock declines due to weak demand in China, rising competition, and high electric vehicle costs, pushing investor pessimism to record levels. 12/09/2024