Cars wait to be shipped at the harbour in Bremerhaven, nothern Germany. Agence France-Presse
German business morale improved further in July after posting a record increase in June, a survey showed on Monday, suggesting that firms expect Europe’s largest economy to recover from the coronavirus shock if a second wave of infections is avoided.
By category, production of machine tools were up 27.6 per cent on the month, intermediate goods stagnated at 0.1 per cent and consumer goods were up slightly at 1.4 per cent, the Destatis official statistics agency said.
German exports to China fell by 6.5 per cent on the year in January and the Federal Statistics Office said the drop could not yet be linked to the coronavirus, as the looming impact of the epidemic threatens to tip Europe’s largest economy into recession.
From 6 am, buyers and investors of various nationalities competed at the Nakheel Properties sales center, located at the entrance to Palm Jumeirah, to win opportunities to own a luxury villa or a plot of empty land within the newest waterfront urban development areas in Dubai.
The GCC food market is expected to cross $1 billion by the end of 2023 with a growth rate of 6 per cent. The total value of global food market is set to reach $7 trillion by the end of the current year, this was revealed during the first day of Future Food Forum 2023 in Dubai on Wednesday.
Dubai International Financial Centre (DIFC), in collaboration with Refinitiv, a London Stock Exchange Group business and one of the world’s largest providers of financial markets data and infrastructure, on Wednesday published a report titled “Drivers of Innovation in Financial Services”, revealing a five-year
Global debt hit a record $307 trillion in the second quarter of the year despite rising interest rates curbing bank credit, with markets such as the United States and Japan driving the rise, the Institute of International Finance (IIF) said on Tuesday. The financial services trade group said in a report that global debt in