Germany
33-year-old American living in Germany: ‘I don’t worry about not being able to pay my bills here’
At the age of 33, I sometimes feel like I’ve already lived a thousand lives. I’m originally from Los Angeles, and over the last decade, I’ve done everything from teaching English in China to serving as an emergency aid worker in Turkey during the war in Syria. After I completed my master’s degree in London, […]
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European markets set to open higher amid calls for lower interest rates by Trump
European equity markets are set to open higher on Friday to cap a positive week for stocks. The U.K.’s FTSE 100 is set to open marginally positive, while Germany’s DAX and France’s CAC 40 are expected to open higher by 0.4%, according to FactSet futures data. Meanwhile, the pan-European Stoxx 600 index is expected to […]
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Structural weaknesses in the German economy must ‘absolutely’ be addressed, finance minister says
It is crucial that Germany embarks on a period of economic growth, the country’s finance minister Jörg Kukies told CNBC on Thursday, adding that structural weaknesses must be addressed. “We’ve just gotten revised down growth forecasts for the IMF again,” Kukies told CNBC’s Karen Tso and Steve Sedgwick at the World Economic forum in Davos. “The structural […]
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Europe markets open higher; luxury stocks pop on Richemont results, LVMH up 8%
UK economy grew by less-than-expected 0.1% in November; sterling falls U.K. gross domestic product increased by 0.1% in November, according to data published by the Office for National Statistics, below a Reuters forecast for 0.2% economic growth. The British pound extended losses to trade 0.28% down against the U.S. dollar and 0.24% lower against the […]
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German economy contracts 0.2% in 2024 in second consecutive annual slowdown
The skyscrapers of the Frankfurt skyline in the evening, with the Deutschherrn Bridge in the foreground. Frank Rumpenhorst | Picture Alliance | Getty Images The German economy contracted by 0.2% in 2024, in the country’s second consecutive yearly slowdown, data from statistics office Destatis showed Wednesday. The drop was in line with the expectations of […]
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Europe’s stocks open higher ahead of closely watched U.S. inflation data
European markets opened higher on Wednesday as traders await the latest U.S. inflation data that will inform the Federal Reserve’s decision-making on interest rate cuts. The pan-European Stoxx 600 was around 0.4% higher during early deals, with most sectors and all major bourses in positive territory shortly after the opening bell. London’s FTSE 100 was […]
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European markets set to reverse negative momentum at the open, but bond yields are still in focus
European markets are heading for a positive open Tuesday, reversing negative sentiment in the region, but investors will be keeping a close eye on borrowing costs for a number of core European economies this week as bond yields remain elevated. The U.K.’s FTSE 100 index is expected to open 4 points higher at 8,226, Germany’s […]
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European markets set to start the new trading week in mixed territory
European markets are expected to start the new trading week in mixed territory Monday, as jitters over the global economy persist. The U.K.’s FTSE 100 index is expected to open 22 points lower at 8,227, Germany’s DAX down 37 points at 20,182, France’s CAC down 11 points at 7,413 and Italy’s FTSE MIB down 143 points […]
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Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
The first Wayfair brick-and-mortar store in Wilmette, Illinois, prepares to open, May 2, 2024. Scott Olson | Getty Images Wayfair is exiting the German market and plans to cut as many as 730 jobs, or about 3% of its global workforce, as it looks to focus on new growth drivers such as physical retail, the […]
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European stocks head for positive open but concerns over inflation dominate market sentiment
China’s consumer inflation slows further in December, stoking deflation worries China’s consumer price inflation in December slipped to 0.1% year on year, data from the National Bureau of Statistics showed Thursday, stoking deflation concerns. Growth in headline inflation was in line with Reuters estimates, but less than the 0.2% rise in November. Core CPI, which excludes food and […]
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