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The growth of the German economy is hampered by the shortage of qualified personnel, the results of a study of the German Economic Institute have shown. According to the Rheinische Post newspaper, the German economy lacks about 440,000 qualified employees. If to fill these vacancies, then the economy will receive an additional 30 billion euros a year and GDP growth will accelerate by 0.9 percentage points. Unemployment in Germany declined in March to 5.3% from 5.4% in February, updating the minimum since the reunification of the country in 1990, according to the Federal Employment Agency. However, the number of open vacancies in March grew by 86 thousand to 778 thousand in annual terms.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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