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In Germany, the number of unemployed in February was 2 million 236 thousand people, having decreased over the month by 21 thousand, the Federal Employment Agency reported. The index fell at the fastest pace over the past 5 years, surpassing a decrease of 5 thousand, predicted by economists. In February, the January unemployment rate remained at 5%. Economists also did not expect it to change. According to the Bundesbank, unemployment by 2020 will be reduced to 4.5%. According to the statistics of Destatis, in January, unemployment, according to the standards of the International Labor Organization, fell to 3.2% from 3.3% in the previous month. The number of employed citizens increased by 1.1% compared with the same month a year earlier.
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 ...
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...
Germany’s contribution to the European Union’s budget would rise by 42% or 13 billion Euros ($14.63 billion) annually in the coming years, the German national daily newspaper Die Welt reported on Monday. Government calculations ...
The longest expansion in U.S. history ended in February with the economy falling into a deep recession as the coronavirus pandemic triggered the shutdown of businesses across the country. The National Bureau of Economic Research (NBER), the ...
Germany’s Economy Minister Peter Altmaier announced on Monday that the government is still negotiating with the European Commission over its rescue deal for German airline Lufthansa (LHAG.DE). He added that Berlin expects Brussels to ...
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