The euro zone confounded previous forecasts and contracted for two consecutive quartersdata showed Thursday, as energy shocks, the war in Ukraine, inflation and monetary policy tightening cut into growth momentum over the winter, Politico reported. The data showed the 20-nation currency zone had failed to avoid recession – albeit a very shallow one for now, … Read more
BERLIN – The rail network is partly ailing, the result is unpunctual trains – Minister of Transport Volker Wissing WIESBADEN – German industry slightly expanded its production at the beginning of the second quarter. Total production rose by 0.3 percent in April compared to the previous month, as reported by the Federal Statistical Office in … Read more
Door onze economieredactie 27 mei 2023 om 12:58Update: een uur geleden Climate change could push up global inflation over the next ten years, for example because food prices will rise faster. This is stated by the European Central Bank (ECB) on the basis of new research. According to the study, it could be an annual … Read more
Frankfurt/Main (dpa) – On the occasion of the 25th anniversary of the central bank, ECB President Christine Lagarde emphasized the determination of the euro currency guardians in the fight against the currently high inflation. “After years of low inflation, it is now too high and is likely to remain too high for too long,” Lagarde … Read more
new buildings People who want to realize their dream of owning their own home can currently find comparatively cheap loans. (Photo: IMAGO/Rupert Oberhäuser) München “It sounds macabre, but anyone who currently wants to finance a property should hope that the crisis in the American regional banks will continue,” says Max Herbst from FMH Finanzberatung in … Read more
new buildings People who want to realize their dream of owning their own home can currently find comparatively cheap loans. Bild: IMAGO/Rupert Oberhäuser München “It sounds macabre, but anyone who currently wants to finance a property should hope that the crisis in the American regional banks will continue,” says Max Herbst from FMH Finanzberatung in Frankfurt. … Read more
Eurozone grocery prices rise 17.7% in FebruaryIn the US, food prices rise twice as much as energyCompanies focus on increasing their profits… Criticism of the ECB’s “opportunistic behavior” japchae Amid slowing inflation in major countries, food inflation is raising its head again, especially in Europe. Food prices are stable, but analysts say that companies are … Read more
Inflation The price increase for food was 21.8 percent in 2022. (Photo: dpa) Frankfurt Despite sharply rising energy prices, disrupted supply chains and capacity bottlenecks, the past few years have not been years of crisis for many companies. Not only large energy companies recently reported record profits, but also companies such as BMW, Bosch, Hapag … Read more
The banking system in free fall Regulators and politicians around the world are trying to allay fears of a new banking crisis. But the bankruptcy of Silicon Valley Bank and the emergency merger of UBS and Credit Suisse were not the end. Even after the experiences of 2008, it was not possible to regulate the … Read more
18 mrt 2023 om 05:01 One of the most important interest rates was raised again on Thursday by the European Central Bank (ECB). The higher interest rate is intended to curb inflation, but it affects the economy and your wallet in many more ways. How will higher interest rates affect your home, savings, investments and … Read more