The U.S. has no authority to demand a snap-back in sanctions against Iran after quitting the 2015 nuclear deal two years ago, the French Foreign Ministry said in a joint
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Rebound In German Industrial Production Weakens In July
The rebound in Germany’s industrial production lost momentum in July though the output continued to expand, data from Destatis revealed Monday. Industrial production grew 1.2 percent on month, much slower
Continue reading »German economy shrank by record 9.7% in second quarter
Consumer spending shrank by 10.9% on the quarter, capital investments by 19.6% and exports by 20.3%, the seasonally adjusted GDP data showed. Construction activity, normally a consistent growth driver for
Continue reading »Eurozone Employment Falls Most On Record
Employment in the euro area declined at a record pace in the second quarter as the imposition of the coronavirus containment measures dragged the currency bloc into a historic recession,
Continue reading »EU Leaders Agree On Landmark Coronavirus Recovery Package
EU leaders agreed on a EUR 1.8 trillion package of measures to tackle the exceptional nature of the economic and social situation posed by the coronavirus pandemic. After four days
Continue reading »German ZEW Economic Confidence Falls In July
German economic sentiment weakened for the first time in four months in July as investors expect a slow recovery from the downturn caused by the coronavirus pandemic, survey data from
Continue reading »Germany’s Factory Orders Recover In May
Germany’s factory orders recovered on robust demand from both domestic and foreign markets in May as containment measures taken to curb the spread of coronavirus were relaxed, data released by
Continue reading »German Industrial Output Rises For First Time In 3 Months
After lockdown restrictions were eased, Germany’s industrial production grew for the first time in three months in May, suggesting that the economy started to recover from the unprecedented downturn caused
Continue reading »Wirecard’s Cash Crunch Reaches Staff as Salaries Fail to Arrive
Wirecard AG employees in Germany haven’t yet received their June paychecks as the company’s collapse hits staff, people familiar with the matter said. Salaries were due on Friday, the people
Continue reading »Wirecard Assessing Ability to Keep Providing Singapore Services
Wirecard AG entities are assessing their ability to continue providing services in Singapore after the parent company filed for insolvency in Germany, according to the Southeast Asian nation’s financial regulator.
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