Euro zone’s economy grew 0.3% in second quarter, above expectations despite German contraction
The euro zone’s economy grew by more than expected in the second quarter of 2024, flash figures from the European…
With odds of a Trump win rising, here’s what it could mean for Europe’s economy
With markets in recent weeks cranking up their bets that Donald Trump will win the presidential election, Goldman Sachs economists…
Fed officials seem like they have ‘no idea’ what is going on with U.S. inflation, strategist says
Federal Reserve officials appear to have “no idea” what is happening when it comes to the inflation picture in the…
The U.S. is now Germany’s biggest trading partner — taking over from China
After years of China being Germany’s main trading partner, the U.S. looks like it’s quietly taking that top spot as…
Biden blames China, Japan and India’s economic woes on ‘xenophobia’
President Joe Biden said on Wednesday that “xenophobia” from China to Japan and India is hobbling their growth, as he argued that migration has been good for the U.S.…
Time is running out for interest rate cuts, market forecaster Jim Bianco warns before Fed meeting
The window for interest rate cuts may be closing. On the eve of the Federal Reserve’s two-day policy meeting, Wall…
India and South Africa block major investment deal at WTO talks
India and South Africa have filed a formal objection against an investment agreement at a World Trade Organization meeting in Abu Dhabi, blocking its adoption in a…
Germany’s housebuilding sector is in a ‘confidence crisis’ as the economy struggles
Germany’s housebuilding sector has gone from bad to worse in recent months. Economic data is painting a concerning picture, and…
Germany’s economy is on shaky ground and glimmers of hope are few and far between
Good news has been sparse for the German economy. And the latest economic data has not done much to change…
Top Goldman Sachs analyst says the world is moving into a new super cycle
The global economy is moving into a new “super cycle,” with artificial intelligence and decarbonization being driving factors, according to…
