Customers use an ATM of a bank in Dublin, Ireland. Reuters
Ireland’s gross domestic product (GDP) rose by 0.7% quarter-on-quarter in the first three months of the year to stand 5.8% higher than a year ago and put the European Union’s best-performing economy in a strong position ahead of a potential Brexit shock.
Japan’s government is considering downgrading its assessment of the economy next week as the intensifying Sino-US trade war takes a toll on exports and factory output, a government source with direct knowledge of the matter told Reuters. A downgrade in the crucial monthly report could fuel speculation
An indicator measuring expectations for the next three months was the strongest since October last year at +9%.
India met its fiscal deficit target for 2018-19, which came in at 3.39 per cent of gross domestic product (GDP), slightly lower than 3.4 per cent estimated in the revised estimates of the budget, on the back of an increase in non-tax revenue and lower
The US economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long.
Canadian plane and train maker Bombardier said on Friday it would cut 2,500 jobs, or about 11% of the workforce at its aviation unit, as the coronavirus pandemic’s crushing impact on the air industry adds to its long list of problems.
The COVID-19 pandemic has introduced unique market pressures and challenges across industrial sectors. In the context of the real estate industry in the UAE, the crisis interrupted a process of steadily building renewed growth.
Germany has become the second major European Union (EU) economy to use a multi-billion-euro recovery plan to spur clean driving, with incentives for electric cars that should boost Volkswagen (VW) and Tesla, while polluting sport utility vehicles (SUVs) face higher taxes.