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Top StoriesGerman, French Companies Less Hopeful Over Economic Recovery
Top StoriesGerman Cabinet Agrees to Expand Tax Relief to Boost Economy
Top StoriesDigesting Biden Exit, Markets Focus on Earnings, Data
Top StoriesGerman Coalition Passes 2025 Budget After Months of Wrangling
German 2025 Budget Draft Has a 17 Billion Euros Hole – Sources
Date: July 15, 2024
By Maria Martinez, Holger Hansen and Christian Kraemer BERLIN (Reuters) -The German cabinet plans to approve its draft for the 2025 budget on Wednesday, but there is still a gap of 17 billion euros ($18.55 billion) which needs to be filled, finance ministry sources said on Monday. Germany’s coalition government this month clinched a 2025...
China’s Economy Falters, Raises Pressure for More Stimulus
Date: July 15, 2024
By Kevin Yao and Joe Cash BEIJING (Reuters) -China’s economy grew much slower than expected in the second quarter as a protracted property downturn and job insecurity knocked the wind out of a fragile recovery, keeping alive expectations Beijing will need to unleash even more stimulus. The world’s second-largest economy grew 4.7% in April-June, official...
France ‘dangerously Exposed’ in Case of Economic Shock, National Audit Office Says
Date: July 15, 2024
By Sudip Kar-Gupta PARIS (Reuters) -France’s ailing public finances and its 154 billion euros ($168 billion) deficit figure leave the euro zone’s second-biggest economy “dangerously exposed” in case of a new macroeconomic shock, the national public audit office said on Monday. The warning from the audit office, known as the Cour des Comptes, comes at...
China’s Economy Falters as Property, Consumer Pain Worsens
Date: July 15, 2024
China’s economy falters as property, consumer pain worsens By Kevin Yao and Joe Cash BEIJING (Reuters) – China’s economy grew much slower than expected in the second quarter, as a protracted property downturn and job insecurity squeezed domestic demand, keeping alive expectations Beijing will need to unleash even more stimulus. The world’s second-largest economy grew...
German Wholesale Prices Fall 0.6% in June
Date: July 12, 2024
German wholesale prices fall 0.6% in June (Reuters) – German wholesale prices fell by 0.6% in June compared with the same month last year, according to data released by the federal statistics office on Friday. The office offers more detailed economic data on its website. (Reporting by Marleen Kaesebier, editing by Kirsti Knolle)...
Faster UK Economy Growth Gives Gift to New Government
Date: July 11, 2024
By Andy Bruce (Reuters) – Britain’s economy grew more quickly than expected in May, providing some momentum for the new government of Prime Minister Keir Starmer but adding to doubts about whether the Bank of England will cut interest rates next month. Economic output increased by 0.4% in May, after zero growth in April, the...