German Economy Shows Resilience in Second Quarter

By admin July 28, 2026 No comment

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Germany’s economy likely recorded modest growth in the second quarter of 2026 despite challenges from the Middle East conflict, according to the Bundesbank. The central bank said strong industrial activity, steady exports, and resilient consumer spending helped offset the impact of higher energy and commodity prices. The Bundesbank noted that Germany’s

BMW Prepares Staff Talks After Profit Warning Amid China Slowdown and Rising Costs

By admin June 20, 2026 No comment

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German luxury carmaker BMW is preparing discussions with employee representatives after issuing its latest profit warning and announcing plans to accelerate efficiency measures. The company cited continued weakness in the Chinese market and rising costs linked to the conflict involving Iran as key reasons for the weaker outlook. Industry analysts believe BMW could consider

Iran War Slows European Economy as Prices Surge Across Region

By admin May 21, 2026 No comment

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Europe’s economy is facing mounting pressure as the ongoing Iran war drives up energy costs and weakens business activity across the region. Fresh data showed the euro zone economy contracted at its fastest pace since late 2023, with rising fuel and living costs reducing consumer demand and hurting the services sector. Economists warned the crisis […]

ECB Signals Caution on April Rate Hike

By admin April 17, 2026 No comment

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European Central Bank policymakers have downplayed the likelihood of an interest rate hike in April, emphasizing the need for more economic data before making any decision. European Central Bank officials noted that while inflation has risen above the 2% target due to higher energy costs, the timing of any policy move is less important than […]

ECB Warns Inflation Expectations Could Rise Quickly Amid Energy Shock

By admin April 7, 2026 No comment

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A European Central Bank policymaker has warned that inflation expectations in the euro zone could climb faster than previously seen, urging the ECB to remain ready to raise interest rates if price pressures persist. Dimitar Radev said rising energy costs linked to the Iran conflict have pushed inflation above the ECB’s 2% target, increasing risks […]

Bulgaria Enters Euro Zone, Bids Farewell to the Lev

By admin January 1, 2026 No comment

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Bulgaria officially joined the euro zone on Thursday, marking a historic shift as the euro replaced the lev as the country’s currency from midnight. Celebrations took place across the capital Sofia, with euro coin projections lighting up the central bank’s facade and fireworks welcoming the milestone. Bulgaria becomes the 21st member of the euro area, […]

German Business Confidence Slips Unexpectedly in December, Ifo Survey Shows

By admin December 17, 2025 No comment

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German business sentiment unexpectedly weakened in December, highlighting ongoing struggles in Europe’s largest economy, according to a survey released by the Ifo Institute. The Ifo business climate index fell to 87.6 from a slightly revised 88.0 in November, defying expectations of a rise to 88.2. Commenting on the data, Ifo survey head Klaus Wohlrabe said […]