The latest agri-food trade report published today by the European Commission showed that the EU agri-food trade surplus increased by 15% in September 2024, reaching €6 billion.
According to the ECB study, cash is the most frequently used payment method in stores, although use has continued to decline. The share of digital payment instruments continues to increase in value terms, with cards still dominant and share of mobile apps on the rise, but the majority of consumers value having option to pay with cash.
With this note, EIOPA provides an update of the current situation of FWU AG Group and its insurance subsidiaries FWU Life Insurance Lux S.A. and FWU Life Insurance Austria AG, including some considerations for policyholders. EIOPA gave an initial overview of FWU AG group’s situation in August 2024. This release builds on that communication and reflects recent developments.
The U.S. Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks.
The European Central Bank (ECB) and the EU insurance supervisor EIOPA propose a possible EU-level approach to reduce insurance protection gap for natural catastrophes, building on existing national and EU structures. Learn more about the two-pillar solution they are aiming at.
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today launched a consultation on draft Technical Standards (RTS) to establish an EU code of conduct (EU CoC) for issuer-sponsored research.
In a plenary vote on Wednesday, MEPs supported Italian candidate Bruna Szego’s appointment as Chair of the EU Anti-Money Laundering Authority (AMLA). To be finally appointed, Ms Szego still needs the support of a qualified majority in the EU Council.
Today, the EU Commission unveils the second part of the European Semester Autumn Package, after the first part had been presented on 26 November, introducing the new economic governance framework. Building on this framework, the second part includes the Commission’s proposal for a recommendation on the economic policy of the euro area for 2025, the 2025 Alert Mechanism Report, and the Commission’s proposal for the 2025 Joint Employment Report.
The Swedish economy is in a protracted recession, but recovery is expected to begin in early 2025. Inflation is expected to be around the inflation target going forward. These are the conclusions of the Ministry of Finance in a new economic forecast.
Alfred Kammer, Director of the European Department at the IMF, spoke at the Annual Economics Conference: Pillars of Resilience Amid Global Geopolitical Shifts in Vilnius, Lithuania.
The IMF Executive Board completed on December 17, 2024, the sixth review under the Extended Credit Facility/Extended Fund Facility (ECF/EFF), and the second review under Resilience and Sustainability Facility (RSF) with Moldova, allowing for a disbursement totaling SDR 122.2 million (about $162.6 million).
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