Business

Half of the 10 most affordable tax-free countries for expats are located in the Gulf region. Even with an average salary, you can still have a leftover income after covering rent, living expenses, and bills in some countries. ADVERTISEMENT Tax-free countries are often depicted as “havens,” offering a life without income tax. But how much do expats actually need to …

The Swiss economy is expanding slowly, buoyed by trade but hit by weak manufacturing figures. ADVERTISEMENT In the period from July to September, Switzerland’s GDP grew 0.4% quarter-to-quarter, down from the 0.6% total recorded in the period from April to June. Adjusted for sporting events, this total came in at 0.2% in the third quarter, down from 0.4% in the …

The number of unemployed people rose far less than expected this month, reflecting a resilience in the German labour market, despite a surge in job cuts recently by major companies such as Volkswagen and Schaeffler. ADVERTISEMENT Germany released its unemployment report for November on Friday. The number of unemployed people in November 2024 touched 2.86 million, according to the Federal …

Annual inflation in the eurozone edged higher in November, matching expectations, while Germany reported its worst retail sales drop in two years, signalling broader economic challenges for the region. ADVERTISEMENT Eurozone inflation rose to 2.3% year-on-year in November, up from 2% in October, according to preliminary data released by Eurostat on Friday. The figure aligns with market expectations and reflects …

Volkswagen workers are set to strike in Germany in early December and union IG Metall said in a circulated pamphlet that it is “necessary”. ADVERTISEMENT The employee strikes across German production plants come after negotiations with management over proposed drastic cost-cutting measures collapsed. “Accordingly, strikes are possible and also necessary from the beginning of December,” the union said. “Volkswagen will …

Brussels recently scored a win when judges ruled Apple should reimburse €13bn in underpaid taxes – but a high-profile tax havens blacklist is undermined by weak sanctions, and warnings of cross-border schemes often go unheeded, auditors said. ADVERTISEMENT The EU’s fight against €100 billion in corporate tax avoidance is plagued by poor enforcement and weak sanctions, a report by the …

Germany’s headline inflation rose to 2.2% in November, below forecasts, with a sharp 0.2% monthly drop signalling disinflation. Core inflation hit 3.0%, the highest since May. Bund yields fell to 2.14%, DAX rose 0.5%, and the euro slightly weakened. ADVERTISEMENT Germany’s annual inflation rate edged higher in November but came in below economists’ expectations, while its monthly inflation posted the …

The UK supermarket says the “cost of living still counts”, but its shoppers are showing “a return to indulgence”. Premium olive oil is one product attracting attention. ADVERTISEMENT Customers at Waitrose are increasingly opting for luxury when it comes to staple food items, said the UK supermarket in its annual food and drink report, published on Thursday. “A pantry stocked …

The country’s business secretary announced the move after Stellantis, which owns Vauxhall, announced plans to close a UK van factory. ADVERTISEMENT Britain’s new Labour government will launch a consultation on auto manufacturers’ sales targets during the transition to electric vehicles, following the decision by Stellantis, the owner of Vauxhall, to close its van factory in southern England at the potential …

Euronews Business looks at the reasons behind the rising number of Black Friday scams and explores how shoppers can better protect themselves. ADVERTISEMENT Black Friday scams have become increasingly more common in the last few years, as the number of retailers and websites offering steep discounts have multiplied significantly.  With the rising cost of living, higher interest rates and widespread …