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German economy expected to contract by 0.3% this year, DIHK says
By Maria Martinez BERLIN, May 27 (Reuters) - The German economy is expected to contract by 0.3% this year, shrinking for a third consecutive year, the German Chamber of Commerce and Industry (DIHK) said on Tuesday, forecasting the longest period of weakness in Germany's post-war history.The r...Reuters
Tue, May 27
Euro zone yields edge down as tariff-turbulence ebbs
LONDON, May 27 (Reuters) - Euro zone government bond yields dipped on Tuesday, ahead of a raft of regional inflation readings this week and as investors digested the latest reversal in U.S. tariff policy towards the European Union.The yield on 10-year German Bunds DE10YT=RR, which serve as a benchma...Reuters
Tue, May 27
World Bank cuts Kenya's 2025 growth forecast as private sector squeezed
By Duncan Miriri NAIROBI, May 27 (Reuters) - The World Bank has cut Kenya's growth forecast for this year by half a point from its initial prediction to 4.5%, it said on Tuesday, citing high levels of debt, high lending rates and a decline in private sector credit.Kenya, which is East Africa&...Reuters
Tue, May 27
Stimulus helps drive China's industrial profits as trade risks loom large
Jan-Apr industrial profits up 1.4% vs 0.8% in Jan-MarGovernment policy support looks to be sustaining industry, analystsMore action required to shore up profit growth, official saysBy Joe Cash and Shi Bu BEIJING, May 27 (Reuters) - China's industrial profits picked up pace in April, official ...Reuters
Tue, May 27
Car sales in Europe dip slightly in April, Tesla's 49% drop tempers EV gains
By Jesus Calero May 27 (Reuters) - Tesla's TSLA.O sales in Europe fell 49% in April from a year earlier, even as battery-electric sales rose by 27.8%, as the U.S. EV maker's upgrade of its Model Y shows little sign of improving the brand's tarnished image in the region. Overall car s...Reuters
Tue, May 27
PRESS DIGEST-British Business - May 27
May 27 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- British finance minister Rachel Reeves has asked unprotected departments — those outside the NHS and Ministry of D...Reuters
Tue, May 27
PRESS DIGEST-Financial Times - May 27
May 27 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. HeadlinesPolice arrest man after car hits pedestrians at Liverpool Football Club parade UK food inflation hits one-year high, industry data s...Reuters
Tue, May 27
China's industrial profits rise 1.4% in January-April
BEIJING, May 27 (Reuters) - Profits at China's industrial firms expanded 1.4% in the first four months of 2025 from the same period last year, official data showed on Tuesday, following a 0.8% gain in the first quarter.In April alone, total profits of industrial companies rose 3.0%, according to...Reuters
Tue, May 27
Japan's corporate service inflation hits 3.1% in April
TOKYO, May 27 (Reuters) - A leading indicator of Japan's service-sector inflation hit 3.1% in April, data showed on Tuesday, keeping alive expectations of further interest rate hikes by the central bank.Service-sector inflation is being closely watched by the Bank of Japan for clues on whether p...Reuters
Mon, May 26
Putin says services like Microsoft, Zoom should be 'throttled' in Russia
MOSCOW, May 26 (Reuters) - Russian President Vladimir Putin said on Monday that foreign service providers like Microsoft MSFT.O and Zoom ZM.O that act against Russian interests should be "throttled".Putin said it was important for Russia to develop domestic software solutions.Reuters
Mon, May 26
Russia's cooling economy facing 'hypothermia' risks, minister warns
Minister urges central bank to consider slowing inflationRussia's key interest rate held at 21% since OctoberBank of Russia to next set interest rates on June 6By Elena Fabrichnaya and Alexander Marrow MOSCOW, May 26 (Reuters) - Russia's economy is facing "hypothermia" risks, ...Reuters
Mon, May 26
Brazil's BNDES head calls for lower interest rates, higher taxes on online betting
BRASILIA, May 26 (Reuters) - The head of Brazil's state development bank BNDES, Aloizio Mercadante, called on Monday for a reduction in the country's benchmark interest rate Selic, while also proposing higher taxes on online betting.Speaking at an event hosted by news outlet Brasil 247 in Ri...Reuters
Mon, May 26
