A mural reading “The future is Europe” is seen near the European Council headquarters in Brussels, Belgium. Reuters
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
As the United Kingdom grapples with its Brexit drama, the uncertainty around its decision to leave the EU persuaded Dale Carr to close down her Berlin shop selling British goods. The 67-year-old from Sheffield and her husband Robin in 1996 opened “Broken English”, a shop selling British goods to homesick expats and Germans with a taste for UK treats in the trendy district of Kreuzberg.
German industrial output rose by 0.7 per cent in February as mild weather helped a surge in construction activity but manufacturing production dipped, doing little to boost spirits in Europe’s largest economy after a run of negative news. Germany is suffering from trade friction and Brexit angst after narrowly avoiding recession last year. Leading economic institutes slashed their forecasts for 2019 growth
Eurozone inflation unexpectedly slowed in March, adding to the pressure on the European Central Bank (ECB) as it battles an economic slowdown which threatens to undo years of stimulus. Headline inflation in the 19 countries sharing the euro slowed to 1.4 per cent in March from 1.5 per cent a month earlier, short of market expectations for a steady rate and also well below the ECB’s target of almost 2 per cent.
Businesses across the eurozone stumbled into the second quarter as demand remained weak despite more modest price rises, surveys showed on Thursday. Growth stuttered in Germany and forward-looking indicators in its Purchasing Managers’ Index suggest a contraction among manufacturers
Cityscape Abu Dhabi 2019 has been hailed a success in charting a clear path for the UAE capital’s real estate sector as it navigates current market challenges, with the three-day show witnessing sold-out project launches, proactive changes to property laws and in-depth industry-changing discussions.
TOULOUSE: Airbus sales chief Christian Scherer said it is selling longer-range versions of its A321, while signalling a shift away from chasing market share at any cost and predicting Boeing will emerge quickly from the grounding of its rival 737 MAX.
The 9th edition of FAHR International Conference, which was held by the Federal Authority for Government Human Resources, under the patronage of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, successfully concluded on Thursday.