News
Poland's budget deficit continues to rocket, now second-highest in EU
4+ hour, 21+ min ago (956+ words) Polish budget deficit rising despite fast rise in GDP. EPA/JACEK TURCZYK Poland has recorded the European Union's second-largest budget deficit when compared with the size of its economy, raising fresh concerns over the country's fiscal trajectory despite its strong…...
German growth forecast cut in half by Iran war woes
4+ day, 2+ hour ago (885+ words) The German economics ministry has significantly lowered its growth outlook for Europe's largest economy, halving its forecast for 2026 and also revising up inflation expectations, in a fresh sign that Berlin's long-promised recovery remains fragile. The pessimistic prognosis is a result…...
France withdraws entire gold reserve from US
2+ week, 3+ day ago (443+ words) France has quietly finished moving the last of its gold out of the US and turned the operation into a very profitable deal. Between July 2025 and January 2026, the Banque de France sold 129 tonnes of older gold bars that were stored…...
German firms hire 325, 000 staff since 2022 just to handle bureaucracy
6+ mon, 4+ day ago (372+ words) Most new jobs created by German companies in the past three years came in response to the ever-growing bureaucratic onus put on the private sector. According to a new study by the Institute for Labour Market Research (IAB), a unit…...
German industry orders plummet in January with oil prices adding to pain
1+ mon, 2+ week ago (416+ words) A factory in the German city of D'sseldorf (North Rhine Westphalia). (EPA/CHRISTOPHER NEUNDORF) Germany's industrial sector has started weakly into the New Year. As latest numbers by the Federal Statistical Office published today show, order intake dropped by 11 per…...
Central bank chiefs voice "full solidarity" with US Fed, Powell
3+ mon, 1+ week ago (505+ words) epa12583825 US Federal Reserve Chair Jerome Powell attends a press conference at the Federal Reserve, Washington, DC USA, 10 December 2025. The Federal Reserve has announced interest rates has been cut by 0. 25 points. EPA/WILL OLIVER The heads of major central banks have…...
Low salaries, nuclear energy prices keep French inflation lowest in Europe
3+ mon, 2+ week ago (686+ words) Inflation in France remains strikingly low compared with the rest of Europe, according to'official data released January 6. The gap is largely explained by France's subdued wage growth and cheaper energy. Thanks to its 57 nuclear reactors, providing three-quarters of the country's…...
OECD surprises with predicted return of Germany as Europe's growth motor
10+ mon, 3+ week ago (592+ words) In its new economic outlook, the Organisation for Economic Co-operation and Development (OECD), an international NGO comprising 38 primarily Western countries, has exhibited what the German press has called "surprising" optimism about Germany. They indicated in the report published on June…...
Corporate bankruptcies in Germany hit 12-year-high
6+ mon, 1+ week ago (291+ words) The number of companies sliding into insolvency in Germany rose by 10. 4 per cent in September compared to the year before, according to preliminary data. This was announced by the Federal Statistical Office (Destatis) on October 13. The final tally for July…...
Germany's next generation will be poorer without large-scale reforms, says economics minister
4+ mon, 4+ day ago (433+ words) Germany's Economic Affairs Minister Katherina Reiche says her country's next generation will be poorer than the present one unless Germans started to work more hours. Protection against workplace dismissals needs to be relaxed, she said. In an interview with news…...