FRANKFURT: Russia’s invasion of Ukraine and spiralling energy prices have upended the economic outlook and left European Central Bank policymakers with the task of navigating the eurozone through a fresh crisis at their meeting on Thursday. The bank had been poised to take another step towards the ‘normalisation’ of its monetary policy, by ending its … Read more
FRANKFURT: German industrial production rose again in January, official figures showed on Tuesday, but the positive picture was likely to be upended by the impact of the war in Ukraine. Production was up 2.7 per cent on the previous month, according to seasonally adjusted figures from the federal statistics agency Destatis, after rising 1.1 per … Read more
BEIJING: Export growth in China lost some steam in November, as holiday demand from abroad faded, official data showed on Tuesday, but the demand for overseas fuel pushed up imports to spike above expectations. Strong exports have helped boost growth in the world’s second-largest economy since the middle of 2020, with China containing domestic outbreaks through … Read more
BRUSSELS: The annual inflation rate of the euro area is expected to reach 3 per cent in August, the highest in 10 years, according to the flash estimate published on Tuesday by Eurostat, the statistical agency of the European Union (EU). The inflation is still driven by the energy sector, with prices recording an increase … Read more
