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Top StoriesShanghai Locks Down as Covid Surges in China’s Financial Hub
Top StoriesDiesel Shortage in Europe Threatens to Slow Economic Growth
Top StoriesHungary Ramps up Rate Hikes as War Stokes Inflation Risks
Top StoriesHungary Will Need to Redraw Budget After April Election -Minister
German Fiscal Policy to Stave Off Stagflation – Lindner
Date: March 22, 2022
BERLIN (Reuters) – The German government will tailor its public spending plans to avoid stagflation in Europe’s biggest economy and keep at bay the risk of sliding into a cycle of rising prices and anemic growth, Finance Minister Christian Lindner said on Tuesday. “The goal of the federal government is to support growth in Germany...
Euro Zone in Trade Deficit for Third Month as Energy Costs Surge
Date: March 18, 2022
By Philip Blenkinsop BRUSSELS (Reuters) – The euro zone’s trade balance was in deficit for the third consecutive month in January as surging energy prices led to a sharp increase in the value of imports, even before the Russian invasion of Ukraine prompted further price spikes. Eurostat said the non-adjusted trade deficit of the 19...
China Jan-Feb Fiscal Spending Quickens in Fight to Support Slowing Economy
Date: March 18, 2022
BEIJING (Reuters) – China’s fiscal spending rose 7.0% in January-February from a year earlier, the finance ministry said on Friday, quickening from a 0.3% rise in 2021 as policymakers step up support for the slowing economy. Fiscal spending totalled 3.8 trillion yuan ($597 billion) in the first two months of 2022, including 180 billion yuan...
Ukraine and Russia: What You Need to Know Right Now
Date: March 17, 2022
(Reuters) – Russian forces in Ukraine were blasting cities and killing civilians but no longer making progress on the ground, according to Western intelligence, while talks on ending the fighting resumed as the war entered its fourth week. CIVILIAN TOLL * Local officials said rescuers in the besieged southern port of Mariupol were combing the...
Record Slump in German Investor Morale Raises Spectre of Recession
Date: March 15, 2022
By Miranda Murray and Paul Carrel BERLIN (Reuters) -German investor sentiment suffered a record slide in March due to the war in Ukraine and economic sanctions on Russia, a survey showed on Tuesday, with collapsing expectations making a recession in Europe’s largest economy “more and more likely”. The ZEW economic research institute said its economic...
European Stocks Vault 2% as Putin Hints at Progress With Ukraine Talks
Date: March 11, 2022
By Anisha Sircar (Reuters) – European shares jumped on Friday, recouping losses from the previous session after Russian President Vladimir Putin signalled a positive shift in talks with Ukraine. The pan-European STOXX 600 index firmed 2%, erasing its 1.7% plunge on Thursday, and was set to clock its first weekly gain in four, since Russia’s...