Weak economy leaves more jobless in Germany in July2023-08-02
Germany's weak economic performance has "left its mark" on the country's labor market as the number of jobless people rose by 62,000 month-on-month to almost 2.62 million in July, the German Federal Employment Agency said Tuesday.

UAE bans rice exports, re-exports for 4 months2023-07-30
The United Arab Emirates (UAE) has imposed a four-month ban on rice exports and re-exports, the country's Ministry of Economy said Saturday.

Major EU economies report mixed Q2 performances amid high inflation2023-07-30
Major European Union (EU) economies have reported mixed second quarter (Q2) performances recently amid still high inflation levels across the bloc.

ECB raises rates by 25 bps2023-07-28
The European Central Bank (ECB) raised its key interest rates by 25 basis points (bps) on Thursday to curb inflation.

Crime a top hurdle to improving Mexico's investment outlook: report2023-07-25
Crime has become the main factor hindering Mexico's economic growth, said a report.

Eurozone inflation drops to 5.5 pct in June: Eurostat2023-07-01
Yearly inflation in the eurozone is expected to fall to 5.5 percent in June, compared to 6.1 percent in May, according to a flash estimate published on Friday by Eurostat, the statistical office of the European Union (EU).

U.S. Fed pauses hike of interest rates2023-06-15
The U.S. Federal Reserve on Wednesday kept the target range of the federal funds rate unchanged at 5 percent to 5.25 percent, following a slew of 10 consecutive hikes since March 2022.

German car dealer to offer Chinese e-cars on large scale2023-06-03
The Weller Group, one of the largest car dealers in Germany based in the northern city of Osnabrueck, is preparing to sell Chinese-made MG electric cars on a large scale, responding to the brand's increasing popularity in the country, German media reported on Friday.

Dedollarization is here, like it or not: expert2023-05-30
Dedollarization appears to be an unstoppable trend as countries around the world look to reduce their dependence on the U.S. currency, said Eli Clifton, a senior advisor at the Quincy Institute, in an article posted on the website of Signs of the Times (SOTT) last week.

Stocks fall on European markets as fears of U.S. debt default grow2023-05-25
Fears of a potential United States government loan default weighed heavily on European Union (EU) financial markets on Wednesday, with major stock exchanges down across the continent, and the euro flat against the U.S. dollar and other currencies.

Global transport sector set to miss Paris climate targets, experts say2023-05-25
The global transport sector is set to fall short of targets for reducing greenhouse gas emissions and mitigating climate change, the International Transport Forum (ITF) warned on Wednesday.

U.S. Fed approves 10th rate hike, hints at pause amid recession risk2023-05-05
The U.S. Federal Reserve on Wednesday implemented the 10th interest rate hike in about a year, hinting at a possible pause in its aggressive tightening cycle amid still elevated inflation, banking turmoil and growing recession risk.

European Central Bank slows pace of rate hikes amid lowering yet sticky inflation2023-05-05
The European Central Bank (ECB) decided on Thursday to lift main interest rates by another 25 basis points in a bid to bring down high inflation.

Germany's foreign trade weakens after strong start to 2023: Destatis2023-05-05
German exports in March were down 5.2 percent on the previous month, while imports even declined by 6.4 percent, according to provisional figures published by the Federal Statistical Office (Destatis) on Thursday.