Cars for exports at the port of Emden, Germany. Reuters
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.
The value of German exports jumped by 4.5 per cent in June to hit a record level, though economists cautioned that much of the increase was likely due to soaring prices. Exports rose for a third month in a row, beating forecasts for a 1 per cent increase and pushing Germany’s seasonally adjusted trade surplus to 6.4 billion
Painters, sculptors and photographers face losing their workspaces because of gentrification in the booming capital. All 30 artists in the building have received a notice to vacate the premises they have used since 2013.
BERLIN: Dutch central bank Governor Klaas Knot expects the eurozone economy to recover speed in the second half after a sluggish start to the year, but in an interview with Handelsblatt the noted hawk was distinctly dovish on long-term interest rates. Knot, one of the most prominent hawks on the European Central Bank’s rate-setting committee told the German paper
Etihad Rail has concluded, ahead of schedule, the knowledge transfer programme with Deutsche Bahn (DB), Europe’s largest railway operator and infrastructure owner.
The metaverse and blockchain ecosystems are set to transform Dubai as a hub of innovation and giving impetus to its great strides to become a pioneer and build on its smart city status.
Dubai-based Bedu, the UAE’s pioneer in Metaverse and Web3 technologies, announced the launch of its Metaverse Project 2117.