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Novo Nordisk woes prompt Denmark to slash country's 2025 growth forecast
Aug 29 (Reuters) - Denmark has cut its 2025 economic growth forecast to 1.4% from 3%, citing weaker prospects for pharmaceutical giant Novo Nordisk NOVOb.CO and tariffs on Danish goods exported to the U.S., the country's economy ministry said on Friday. "The pharmaceutical industry is increa...Reuters
29 minutes ago
Number of unemployed people in Germany passes 3 million mark
By Maria Martinez BERLIN, Aug 29 (Reuters) - The number of unemployed people in Germany passed 3 million for the first time in a decade, labour office figures showed on Friday, as the labour market of Europe's biggest economy is squeezed by two years of economic contraction.The mark was reach...Reuters
41 minutes ago
Germany's VDMA calls EU's exemption plans for US goods a 'slap in the face'
BERLIN, Aug 29 (Reuters) - Germany's VDMA machinery and equipment manufacturers lobby on Friday called the EU's planned tariff exemption for certain products from the United States "a direct slap in the face" and said the EU Commission needed to "urgently renegotiate".The Eur...Reuters
an hour ago
German unemployment falls unexpectedly in August
BERLIN, Aug 29 (Reuters) - The number of people out of work in Germany fell unexpectedly in August, labour office figures showed on Friday, as Europe's largest economy struggles to emerge from a prolonged downturn.The office said the number of unemployed decreased by 9,000 in seasonally adjusted...Reuters
an hour ago
EUR/GBP maintains position near 0.8650 ahead of German CPI inflation
EUR/GBP holds ground after registering gains in the previous session, trading around 0.8640 during the early European hours on Friday. The currency cross moves little following the release of German Retail Sales data. German preliminary inflation readings are next in focus.
Fxstreet
2 hours ago
