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In Germany, the first economic stagnation in almost three years is expected. According to forecasts of the Bundesbank, the German economy in the third quarter could stop its growth almost to zero. The main reason for the stagnation is the expected 9% reduction in production in the automotive industry, which will lead to a decrease in total production by 1.5%. Basically, the weakening of production in the sector is associated with the introduction of new rules for testing harmful emissions into the atmosphere. In the past quarter, growth in the construction sector was also weakening. A short-term stagnation in the third quarter was also reported by the Ministry of Economic Affairs of Germany, which, nevertheless, expects the acceleration of growth in the next quarter.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
The Dollar traded lower earlier on Friday in Asia, continuing its descent from the previous session as the U.S. struggles to curb the rapid increase of COVID-19 cases in the country. In addition, recent data showing an unexpected rise in unemployment ...
KYC Policy