Economic News
- Reuters
BERLIN (Reuters) – Inflation in five German states was largely unchanged in the high single digits in February, pointing to no let-up in stubborn price pressures at the national level.
- Reuters
BERLIN (Reuters) – The Biden administration’s Inflation Reduction Act to promote climate-friendly technologies is attracting German companies to the United States, a survey of the German Chamber of Commerce and Industry DIHK released on Wednesday showed.
- Reuters
By Antonella Cinelli and Valentina Consiglio
- Reuters
By Alexander Marrow and Elena Fabrichnaya
- Reuters
OSLO (Reuters) – Norwegian police on Wednesday briefly detained environmental campaigner Greta Thunberg during a demonstration in Oslo, a Reuters eyewitness said.
- Reuters
MOSCOW (Reuters) – Russian Deputy Foreign Minister Sergei Ryabkov said on Wednesday that Moscow would not review its suspension of the New START nuclear arms treaty with the United States until the United States changed its policy on Ukraine, Interfax reported.
- Reuters
FRANKFURT (Reuters) – Germany’s Bundesbank recorded its first loss in over four decades last year as a string of European Central Bank rate hikes reduced the value of its bond holdings and also generated a loss on ultra cheap loans to commercial banks, it said on
- Reuters
By Marine Strauss Paris (Reuters) -Inflation in France is likely to reach its peak in the first half of the year and, barring a major world event, the risk of recession could be ruled out, French European Central Bank policymaker Francois Villeroy de Galhau said on Wednesday.
- Reuters
BERLIN (Reuters) – Germany’s unemployment rate remained stable in February despite a challenging economic situation, Labour Office figures showed on Wednesday.
- Reuters
By Uditha Jayasinghe COLOMBO (Reuters) – Public sector staff at Sri Lankan hospitals, banks and ports walked out on Wednesday, with some taking to the streets and other employees including teachers dressing in black, in a widespread protest against soaring living costs.
- Reuters
ATHENS (Reuters) – Greek authorities have arrested a 59-year-old man over the collision of a passenger and a freight train in central Greece that killed at least 36 people and injured dozens, government and police sources said on Wednesday.
- Reuters
By Milounee Purohit BENGALURU (Reuters) – The drop in home prices in Canada this year will be steeper than forecast three months ago but mild compared with an historic run-up during the COVID pandemic, leaving many first-time buyers still priced out of the market, a Reuters
- Reuters
By Ariba Shahid KARACHI, PAKISTAN (Reuters) – Pakistan’s consumer price index (CPI) rose 31.5% in the month of February year-on-year, the statistics bureau said on Wednesday.
- Reuters
(Reuters) – German sportswear maker Puma on Wednesday forecast 2023 operating profit around last year’s level, as it expects currency effects and higher freight and raw material costs to again weigh on profitability.
- Reuters
DUBAI (Reuters) – The head of the International Atomic Energy Agency Rafael Grossi will visit Iran on Friday for high-level meetings, the semi-official Fars news agency reported on Wednesday.
- Reuters
(Reuters) – Abercrombie & Fitch Co on Wednesday reported a 41.5% drop in quarterly profit, as higher labor costs and inflationary pressures squeezed margins.
- Reuters
SANTIAGO (Reuters) – Chile’s economic activity in January beat market forecasts and put an end to a negative string of four consecutive monthly drops, with improved mining results helping the world’s largest copper producer start the year in a positive tone.
- Reuters
BERLIN (Reuters) -Nivea maker Beiersdorf expects organic sales growth to slow this year to a mid-single-digit range after reporting double-digit growth for the first time in two decades in 2022 thanks to strong demand for its skin care products.
- Reuters
By Essi Lehto HELSINKI (Reuters) -Finland’s parliament on Wednesday overwhelmingly backed its bid to join NATO, the assembly’s speaker said.
- Reuters
LONDON (Reuters) – Britain’s competition regulator CMA said on Wednesday it had decided to provisionally clear U.S. company Viasat’s buyout of Inmarsat following an in-depth review.