When Kristin and Thomas Schmitt took out a mortgage and bought a house last summer, the German couple’s dream looked as if it was coming true. Two months later, they Continue Reading
The euro weakened on Tuesday, close to the three-year low it touched on Monday, after a German survey showed a slump in investor confidence, adding to pessimism about the outlook Continue Reading
Last year, Russia set a goal to quicken its economic expansion — to grow faster than the world as a whole — as a way to secure the country’s position Continue Reading
Airbus is slowly restarting its assembly line in China. General Motors began limited production on Saturday. Toyota followed on Monday morning. Fitfully and painfully — and with some worried prodding Continue Reading
U.S. consumer spending slowed further in January, with sales at clothing stores declining by the most since 2009, a trend that could raise concerns about the economy’s ability to continue Continue Reading
The economic casualties from China’s coronavirus epidemic are mounting as Asian and European auto plants run short of parts, free-spending Chinese tourists stay home and American companies brace for unpredictable Continue Reading
A sharp drop in energy prices slowed U.S. consumer inflation at the start of this year. The consumer-price index—which measures changes in how much Americans are paying for everyday items Continue Reading
The German economy stagnated in the fourth quarter due to weaker private consumption and state spending, data showed on Friday, renewing fears of a recession just as Chancellor Angela Merkel’s Continue Reading
European shares touched record highs on Friday as investors digested whether China’s coronavirus outbreak would cause long-lasting damage to global economy. Europe’s broad Euro STOXX 600 clawed up 0.1% to Continue Reading
Copper has spoken. Its voice is the loudest of the commodities, and it’s not optimistic for the global economy. The coronavirus–which had by the time of writing claimed 490 lives Continue Reading
