Tag: Economy
Le Maire calls on Berlin to adopt a common growth strategy for Europe
Bruno Le Maire France’s finance and economics minister is calling for a balance between budget consolidation and investment in growth. (Photo: IMAGO/MAXPPP) Paris France’s Finance and Economics Minister Bruno Le…
US inflation is rising – inflation rate at 3.7 percent
Headquarters of the US Federal Reserve Bank in Washington Will key interest rates in the USA remain stable for the time being? (Photo: Bloomberg) Denver Inflation in the USA is…
ABB increases production in Europe by 50 percent
ABB robots in use Many robots are already used in automobile production, such as here at the BMW main plant. In many industries it is different. (Photo: dpa) Munich The…
Le Maire calls on Berlin to adopt a common growth strategy for Europe
Bruno Le Maire France’s finance and economics minister is calling for a balance between budget consolidation and investment in growth. (Photo: IMAGO/MAXPPP) Paris France’s Finance and Economics Minister Bruno Le…
The British economy is shrinking surprisingly significantly – rain is putting a strain on companies
Bad weather puts a strain on the economy The British have been shopping less in recent months – partly because of the rain. (Photo: Reuters) London Unusually heavy rain and…
Number of company bankruptcies rises by a fifth in the first half of the year
business closure The number of declared bankruptcies increased significantly in the first half of 2023 compared to the previous year. (Photo: dpa) Berlin The economic downturn and rising loan interest…
Margaret Thatcher’s heirs intervene in the market
London When British Prime Minister Rishi Sunak was asked last year who the most important head of government in Great Britain was, he answered without hesitation: “Margaret Thatcher.” Before he…
Poverty rates in the USA are rising dramatically
Homeless person in Tulsa, Oklahoma Poverty in the United States is increasing. (Photo: AP) Washington In the USA, the poverty rate has risen again for the first time in two…
Cancellation record, bad business – five graphics on the crisis
Housing crisis According to Klaus Wohlrabe, head of surveys at the Ifo Institute, there is currently great uncertainty in the housing construction market. (Photo: dpa) Munich More cancellations than ever…
Cancellations in residential construction are rising to record levels
Housing crisis According to Klaus Wohlrabe, head of surveys at the Ifo Institute, there is currently great uncertainty in the housing construction market. (Photo: dpa) Munich More cancellations than ever…
Sparkasse president warns against migration of medium-sized companies
Helmut Schleweis The savings bank president warns of the consequences of high energy prices: Profits are likely to decline for many companies and some of the companies could relocate from…
Sparkasse president warns against migration of medium-sized companies
Helmut Schleweis The savings bank president warns of the consequences of high energy prices: Profits are likely to decline for many companies and some of the companies could relocate from…
Are the interest rate peaks imminent? The ECB has these three options
ECB President Christine Lagarde will explain the Governing Council’s decision on Thursday. (Photo: AP) Frank Wiebe Benjamin Dietrich gets to the heart of the uncertainty. “It’s a coin toss,” replied…
Cancellations in residential construction at record levels
A construction site for housing construction near Scharnhausen, Baden-Württemberg According to Klaus Wohlrabe, head of surveys at the Ifo Institute, there is currently great uncertainty in the housing construction market.…
The eerie arms boom – on-site visit at a Polish arms fair
Kielce There is limited space in the exhibition center in the southern Polish city of Kielce and there is a dense crowd. “We would have liked to have had more…
“I fear a social emergency”
Paolo Gentiloni In order to strengthen Europe’s competitiveness, “joint European investment projects” are necessary in addition to national aid, says the EU Commissioner. (Photo: Bloomberg) Brussels The EU Economic Commissioner…
Baerbock visits Kiev and assures German support
Annalena Baerbock visits a substation near Kiev Ukraine’s energy supply in particular suffered from Russia’s countless targeted attacks. (Photo: dpa) Berlin, Kyiv German Foreign Minister Annalena Baerbock (Greens) traveled to…
Xometry provides quick help with delivery problems
Munich The corona pandemic and the outbreak of war in Ukraine disrupted supply chains worldwide. Many companies are now trying to make their supplier networks more resilient. “Companies are rebalancing…
Germany is at the bottom of the list in terms of growth among the large EU nations
Port in Hamburg Subdued foreign demand is weighing on the German economy. (Photo: dpa) Brussels The economy in Europe continues to weaken and Germany is even threatened with a recession.…
The turnaround in interest rates has shifted the power structure in the ECB
Key figures on the Governing Council Philip Lane, Isabel Schnabel, Christine Lagarde and Joachim Nagel. (Photo: Bloomberg, Reuters, dpa, mauritius images) Frankfurt When it comes to showing determination, Christine Lagarde…