Author: Multibagger News

France’s Moscovici Urges Realistic Budget Goals to Avoid Massive Cuts France is facing challenges in meeting the EU’s deficit limit by 2027, according to Pierre Moscovici, head of the public audit office. He emphasized the need for realistic targets to avoid drastic spending cuts, estimating that sticking to the current deadline would require 100 billion euros in reductions. Moscovici, a former EU economics commissioner, suggested targeted budget savings instead of broad cuts, as France already has high tax rates. This call for prudence comes as the country’s public finances have veered off track this year, necessitating a reassessment of its…

Greece to Purchase Switchblade Drones from U.S. in Multi-Billion Dollar Plan – AeroVironment, Inc. to Provide In a bold move to enhance its military capabilities, Greece is set to acquire Switchblade drones from the United States as part of a comprehensive 10-year purchasing plan. The plan also includes the procurement of new F-35 fighter jets from the U.S. and frigates from France, signaling Greece’s commitment to strengthening its armed forces. The Switchblade drone, manufactured by AeroVironment, Inc. (NASDAQ:), is a cutting-edge weapon that flies to a target and detonates upon impact. Its effectiveness has been demonstrated by the Ukrainian military…

Title: Google Wins Legal Battle Against €1.49bn EU Fine – What Does This Mean for Investors? As the world’s best investment manager and financial market journalist, I am here to break down the latest news that Google has successfully challenged a €1.49bn fine from the EU for blocking rival online search advertisers. The European Commission accused Google of abusing its market dominance by restricting third-party rivals from displaying search ads between 2006 and 2016. While Europe’s second-top court upheld much of the European Commission’s findings, it ultimately decided to annul the fine. This decision comes on the heels of the…

Title: Google Wins €1.49bn EU Fine Challenge – What It Means for Investors As the world’s best investment manager, financial market journalist, and SEO mastermind, I bring you the latest news on Google’s victory in challenging a €1.49bn fine from the EU for blocking rival online search advertisers. The European Commission accused Google of abusing its market dominance by restricting third-party rivals from displaying search ads between 2006 and 2016. While Europe’s second-top court upheld much of the findings, it chose to annul the fine, marking a significant development in the tech giant’s legal battles with the EU. This news…

Goldman Sachs Upgrades InterContinental Hotels to "Buy" and Downgrades Whitbread to "Neutral" – What Investors Need to Know Goldman Sachs Elevates InterContinental Hotels Group to "Buy" Amid Strong Financial Prospects In a recent note dated Wednesday, Goldman Sachs has made significant adjustments to its ratings within the European hotel sector. The investment bank has upgraded InterContinental Hotels Group (IHG) to a "buy" from "neutral," while simultaneously downgrading Whitbread (LON:WTB) to "neutral" from "buy." Key Takeaways from Goldman’s Note on IHG: Price Target and Upside Potential: Goldman Sachs has set a new price target of 9,350p for IHG, indicating a potential…

European Shares Flat as Investors Await US Fed Interest Rate Decision European shares were stagnant on Wednesday, with investors adopting a wait-and-see approach ahead of a crucial interest rate decision by the U.S. Federal Reserve. This decision could potentially kickstart a cycle of monetary easing in the world’s largest economy, impacting global markets. The pan-European index was down 0.1% at 516.84 points, driven by weakness in healthcare shares due to reports that Novo Nordisk’s Ozempic may face a price cut. This led to a nearly 2% drop in the Danish drugmaker’s shares. Technology shares also contributed to the market’s decline…

By Charlotte Van Campenhout AMSTERDAM (Multibagger) – The Netherlands’ right-wing government is making waves with a bold move to request an opt-out on migration rules from the EU. This decision could have far-reaching implications for the country’s asylum policy. Migration minister Marjolein Faber took to social media to announce the government’s intention to take control of its asylum policy once again. This move comes as part of a larger strategy by Geert Wilders’ nationalist PVV party to address what they see as a national asylum crisis. Despite the government’s push for autonomy, Brussels is likely to resist, citing the EU’s…

Greece’s Strategic Defense Boost: Switchblade Drone Acquisition from the U.S. Amid Post-Debt Recovery ATHENS (Multibagger) – Greece Sets Sights on U.S. Switchblade Drones to Fortify Defense Capabilities Post Debt Crisis In a significant move to bolster its military prowess, Greece is poised to acquire Switchblade drones from the United States, according to two informed sources speaking on Wednesday. This procurement is part of Athens’ comprehensive multi-billion, 10-year defense purchasing plan, which also includes the acquisition of up to 40 state-of-the-art F-35 fighter jets from the U.S. and three advanced frigates from France. Why Switchblade Drones? Manufactured by AeroVironment Inc. (NASDAQ:…

France’s Debt Reduction Strategy: Spend Less, Tax the Wealthy In a recent interview with BFM TV, French central bank chief Francois Villeroy de Galhau emphasized the need for a balanced approach to reducing France’s debt. He suggested that 75% of the effort should come from spending cuts, with the remaining 25% coming from tax increases targeting wealthy individuals and large corporations. Villeroy stressed the urgency of the situation, pointing out that France currently has “too much deficit, too much debt.” The country’s current budget deficit target for this year is 5.1% of GDP, far above the European Union’s limit of…

British stock indexes retreated on Wednesday, following a broadly in line inflation report and as investors awaited a highly anticipated yet uncertain Federal Reserve policy decision later in the day. At 0707 GMT, both the blue-chip and an index of midcap stocks were down 0.2%. UK annual consumer price inflation stood at 2.2% in August, unchanged from July as forecast, data showed. The British pound touched a session high against the dollar following the inflation data, pressuring the FTSE 100’s export-focused companies. The data points to still-persistent inflationary pressures, with traders further trimming bets on the BoE cutting rates at…