Olritz Financial Group

1 year ago

The Bahamas is still struggling to recover from Hurrican Dorian – What you need to know

The Bahamas: Navigating Financial Struggles Amid Climate Change and Global Inaction The Bahamas is grappling with a financial crisis largely driven by climate change, bureaucratic delays, and dependence on fossil fuel industries.

World News

1 year ago

Africa’s 12th Aerospace and Defence show – Everything you need to know

Africa’s Largest Aerospace and Defense Show: A Hub for Innovation and Opportunity The 12th edition of Africa’s premier aerospace and defense exhibition, which concluded on September 22 in South Africa, once again

World News

1 year ago

Israel has now shut down Al Jazeera office due to the rising tensions

Israel Shuts Down Al Jazeera Office Amid Rising Tensions In a dramatic escalation, Israeli troops raided the Al Jazeera satellite news network’s office in the Israeli-occupied West Bank early Sunday, enforcing a

New: Credit Suisse files lawsuit against the Swiss government

A significant legal battle has begun as a group of Credit Suisse bondholders have filed a lawsuit against the Swiss government. The bondholders are seeking full compensation for the contentious decision to

1 year ago

Europe

ECB Now Set To Cut Interest Rates On June 6th

Expected Rate Cuts and Economic Impacts The European Central Bank (ECB) is set to cut interest rates at its June 6 meeting, expected to lower the main refinancing rate to 4.25%, the

1 year ago

Europe

VivaTech – The French AI scene soar to the world stage

France is positioning itself as a new powerhouse in artificial intelligence (AI), as evidenced by the buzz at the recent Viva Technology conference in Paris. The event showcased France’s significant strides in

1 year ago

Digital

New: Germany’s inflation is getting out of hand, 2024

Germany’s annual inflation rate increased to 2.4% in May 2024, meeting economists’ expectations and marking the first rise of the year. Preliminary data from the Federal Statistical Office (Destatis) shows a modest

1 year ago

Markets

New: Galeria, Germany’s department store chain, is saved in an unexpected plan

Galeria Karstadt Kaufhof, Germany’s prominent department store chain, has narrowly avoided dissolution after creditors approved a crucial restructuring plan. This marks the chain’s third bankruptcy scare in four years, underscoring its persistent

1 year ago

Europe

New: Germany faces unexpected housing crisis in 2024

The Stagnation of German Apartment Construction Germany’s housing sector is facing a significant crisis. The number of new apartments completed annually has remained almost static since 2021, failing to meet government targets.

1 year ago

Markets

Shein and Temu to be hit with new EU tax reforms

Introduction: The Looming Tax Changes The European Union is considering significant changes to import tax regulations that could impact major Chinese retailers like Shein and Temu. These tax breaks have allowed these

1 year ago

Markets

New: Italy’s public debt surge to reach 145% of its GDP in 2024

The International Monetary Fund (IMF) has issued a critical warning to Italy, emphasizing the urgent need for comprehensive fiscal reforms to tackle its growing public debt, which is projected to reach 145%

1 year ago

Europe

New: Generali reports massive financial victory for Q1 2024

Generali, a leading Italian insurance company, has reported impressive financial results for the first quarter of 2024. A standout performance in the property-casualty insurance sector significantly contributed to the company’s 5.5% increase

1 year ago

Markets

New: Chevron energy giant to leave the UK

Chevron’s Strategic Withdrawal Chevron, the U.S. energy giant, has announced its exit from North Sea operations after 55 years. This decision follows UK Chancellor Jeremy Hunt’s rejection of industry appeals to pause

1 year ago

Markets