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News
German August inflation confirmed at 2.9%
4+ day, 3+ hour ago (60+ words) KELO-AM German August inflation confirmed at 2.9% BERLIN, Sept 10 (Reuters) – German inflation accelerated to 2.9% in August, the federal statistics office said on Thursday, confirming preliminary data. Germany’s consumer prices, harmonised to compare with other European Union countries, stood at 2.8% year on…...
China’s forex reserves rise more than expected in August
1+ week, 5+ hour ago (106+ words) KELO-AM China’s forex reserves rise more than expected in August BEIJING, Sept 7 (Reuters) – China’s foreign exchange reserves rose more than expected in August, central bank data showed on Monday, as the dollar extended its weakness. The country’s foreign exchange reserves…...
DIW raises German economic growth forecasts as exports beat expectations
1+ week, 4+ day ago (458+ words) By Maria Martinez and Klaus Lauer BERLIN, Sept 2 (Reuters) – The German Institute for Economic Research, DIW Berlin, sharply raised its growth forecasts for Europe’s largest economy on Wednesday, citing stronger-than-expected exports and a milder energy price shock from the Iran…...
Putin envoy warns of Russian economy going ‘berserk’ on war footing
1+ week, 5+ day ago (507+ words) MOSCOW, Sept 1 (Reuters) – The Russian economy runs a risk of going “berserk” if it is run to focus entirely on the needs of the military-industrial complex, President Vladimir Putin’s international development envoy was quoted as saying on Tuesday. The comments…...
Euro zone inflation rises above 3%, cementing ECB rate hike bets
1+ week, 6+ day ago (509+ words) FRANKFURT, Sept 1 (Reuters) – Euro zone inflation rose back above 3% in August on higher energy costs, cementing an already solid case for another European Central Bank interest rate hike this month as the Iran war keeps putting upward pressure on prices....
Global AI boom fuels Asia factory expansion in August
1+ week, 6+ day ago (409+ words) Sept 1 (Reuters) – Surging global demand for AI hardware kept Asia’s factories humming in August, private surveys showed on Tuesday, brightening prospects for the export-reliant region even as the prolonged Middle East war fuels uncertainty and rising costs. China, Japan and…...
German inflation accelerates in August on higher energy prices
2+ week, 1+ hour ago (222+ words) BERLIN, Aug 31 (Reuters) – German inflation rose in August on higher energy prices due to the Iran conflict, but the increase was less than expected and core inflation stabilised. Inflation rose to 2.9% year on year from 2.8% the month before, preliminary data…...
Chinese e-commerce giant JD.com offers EU remedies in Ceconomy takeover probe
3+ week, 4+ day ago (127+ words) Aug 20 (Reuters) – Chinese e-commerce giant JD.com has offered remedies in the European Union’s probe of its $2.5 billion bid for German electronics retailer Ceconomy, according to an EU regulatory filing. • The filing did not specify the remedies offered. • The European…...