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Eurostat reported that in May the export volume of the euro area increased by 7.1% compared to the same month a year earlier and reached 203.4 billion euros. Euro area countries imported products worth 180.3 billion euros this month, which is 4.2% higher than a year ago. Thus, the euro area trade surplus increased to 23 billion euros against the value of 15.7 billion euros in April. From the beginning of the year to May, exports grew by 5% to 973.5 billion euros and imports - by 5.2% to 890.8 billion euros. The foreign trade surplus reached 82.7 billion euros, an increase of 2.7% over 5 months. In May, the trade balance surplus of 7.8 billion euros was recorded in the European Union. The EU's trade surplus with the United States rose to 62.1 billion dollars, and in trade with China, the deficit grew to 76.7 billion euros.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
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