Planned spending on capital projects in South Africa plunged 37% last year as the state scaled back expenditure, and the downswing is likely to continue in 2023, economists at Nedbank Group Ltd. said.
Shares in United Internet AG’s web hosting arm Ionos SE dropped following the company’s debut on the Frankfurt Stock Exchange, the first test of the German exchange this year.
This year’s surge in technology stocks has been especially pronounced in the riskiest corners of the market, suggesting to some skeptics the potential for a swift reversal.
Germany should not rush ahead with subsidies for decarbonizing its steel industry and instead wait for an EU-wide system of green steel certificates, according to experts advising the government.
Britain’s housing market may be showing tentative signs of improvement after a brutal 2022.
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