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Eurozone economic growth slows to 0.1% in second quarter
Eurozone economic growth slows to 0.1% in second quarter

Yahoo

time30-07-2025

  • Business
  • Yahoo

Eurozone economic growth slows to 0.1% in second quarter

The eurozone economy grew 0.1% in the second quarter of the year, coming in marginally better than the zero growth expected by economists. However, it was still a slowdown compared with the 0.6% growth seen in the first three months of 2025, as businesses had raced to get ahead of US tariffs by making more products and increasing exports to the country. Seasonally adjusted gross domestic product (GDP) also rose by 0.2% in the European Union in the second quarter of 2025, compared with the previous quarter. Year-on-year, growth eased a little, with the eurozone up 1.4% and the EU up 1.5%, both slightly below the pace previous pace. Riccardo Marcelli Fabiani, senior economist at Oxford Economics, said: "Although the slowdown is to a large extent a by-product of a misleadingly healthy Q1 number, broad-based weakness across national data indicates that the economy lacks momentum, with only a handful of countries blowing into its sails." The latest reading was better than expected due to Spain leading the way with a 0.7% expansion. This was a result of solid consumer spending, a rebound in business investment and rising exports. Read more: Gold prices steady as investors await Fed interest rate decision "Spain is in another league, showing stubbornly robust dynamism. The moderate Q2 decline in Irish GDP suggests that there is ample room for further correction," Fabiani added. There was also faster-than-expected growth in France, the second-largest economy in the EU. France significantly outperformed expectations, growing 0.3% during the period, according to the preliminary data. This was a surprise acceleration in growth from the 0.1% revised reading for first-quarter growth — and higher than the 0.1% expected by economists polled by Reuters. Portugal and Estonia also delivered solid results, expanding 0.6% and 0.5%, respectively. Meanwhile, the German economy contacted 0.1% in the second quarter of the year as companies adjusted to the impact of US president Donald Trump's tariffs. This marked the country's first contraction since mid-2024 due to weaker investment in machinery and construction. Read more: Trending tickers: Novo Nordisk, Starbucks, SoFi Technologies, BAE Systems and Taylor Wimpey Economists had expected the decline in output from the EU's largest economy and biggest exporter, with the country's federal statistics agency revising down growth in the first quarter to 0.3%, rather than the preliminary reading of 0.4%. Italy's GDP likewise shrunk 0.1% in the second quarter, reversing the 0.3% gain recorded in the first quarter and defying market expectations of a 0.2% increase. It was the country's first contraction since the second quarter of 2023. Nicholas Farr, emerging Europe economist at Capital Economics, added that the economies of Hungary and Czechia 'have held up reasonably well since the introduction of US tariffs in April', according to data published on Wednesday. Hungary's economy grew 0.4%, an improvement from a 0.1% contraction in the previous quarter. However, the Czech economy saw growth slow to 0.2% from 0.8% in the first quarter.

Fabiani brings the joys of fatherhood in 'The Greatest' campaign
Fabiani brings the joys of fatherhood in 'The Greatest' campaign

TimesLIVE

time15-06-2025

  • Entertainment
  • TimesLIVE

Fabiani brings the joys of fatherhood in 'The Greatest' campaign

This Father's Day Fabiani shines a spotlight on the men who lead with heart, presence and timeless style. This has culminated in the launch of their video series, The Greatest, which is a heartwarming tribute to the enduring influence of father figures for their quiet strength, bold presence and the legacy they leave behind. To continue a legacy that speaks to distinguished men, Fabiani tapped two of South Africa's brightest stars, actor Bonko Khoza and rapper Khulane 'Khuli Chana' Morule, for a Father's Day collaboration. This is also paired with three bold new fragrances (Refined, Sharp and Lusso Sportivo) with scents crafted for fathers like the two icons who show up every day with integrity, wisdom, and love. Khuli and Khoza have been celebrated for their groundbreaking achievements in film and music but for their partnership with Fabiani, they dropped their mics and scripts for candid conversations on fatherhood with their daughters. The videos and subsequent photo shoot show off the brand's 2025 autumn/winter collection as a canvas of the Italian-inspired men's wear and quality, which has been a favourite for lovers of premium men's wear. To help bring the conversations to life on The Greatest, Khuli and Khoza come alive by sharing their innermost raw moments that were captured through each of their conversations with their kids. All done in the latest functional and impeccable designs. This heartfelt nod to modern-day dads is not only showcased through Khuli and Khoza walking the talk, but in doing so alongside Fabiani's signature and timeless quiet luxury. The two icons also shine in the brand's latest luxe accessories that reflect the essence of a great man with sleek designs that prioritise durability and fashion-forward flair. This video captures the rawness and in the moments that we look to capture each of the fathers in with their kid/s.

Lazio: Rome ‘Derby always special, but Viktoria…'
Lazio: Rome ‘Derby always special, but Viktoria…'

Yahoo

time21-02-2025

  • Sport
  • Yahoo

Lazio: Rome ‘Derby always special, but Viktoria…'

Angelo Fabiani seems uninterested that Lazio avoided a Europa League derby with Roma: 'All teams are important. Viktoria Plzen are well organised.' The Biancocelesti were paired with Viktoria Plzen in the Europa League last-16, avoiding a possible derby della Capitale with Roma. The Rome-based clubs have also been placed on the opposite side of the bracket, so they can only meet in the Final. 'The derby always has a special charm, especially in Europe. At this stage, all teams we're talking about are important teams,' Fabiani told Sky Sport via TMW. 'It will be a really tough two-legged tie. I've watched Viktoria many times, and they are a well-organized team. 'We had the courage to make changes, which is necessary in football,' continued the Lazio director. 'We've turned the page with players who are no longer here, like Immobile and Cataldi. We're on a great path, the coach is doing well, and he has a squad that manages to compensate for various absences.'

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