Employees at an electric car factory in Zwickau, Germany. Agence France-Presse
German business morale fell to its lowest level since November 2014 in June, a survey showed on Monday, adding weight to expectations that Europe’s largest economy contracted in the second quarter.
German industrial activity is sluggish and recent data point to slower growth in the service sector, the German Economy Ministry said, adding this suggested Europe’s largest economy would experience a weak general economic trend.
Germany’s spluttering economy returned to growth in the first quarter as consumers spent more freely and construction activity picked up, but the government said the outlook remained clouded by trade disputes. Gross domestic product (GDP) rose 0.4% quarter-on-quarter,
Masdar, one of the world’s leading clean energy developers and a subsidiary of Mubadala Investment Company, on Thursday announced its second strategic investment in the United States in a deal with EDF Renewables North America that will see it acquire a 50 per cent stake in a 1.6-gigawatt (GW) clean-energy portfolio.
The number of Americans seeking unemployment benefits dropped below one million last week for the first time since the start of the COVID-19 pandemic in the United States,
Emaar Properties has revealed first half (H1) revenues of Dhs9 billion and over Dhs2 billion in net profit, according to a statement by the real estate Dubai-based giant on Thursday.