A modern commercial estate converted from old warehouses and television studios in the Paris suburb of Aubervilliers may hold the key to understanding why France’s economy is outperforming Germany, the eurozone’s longstanding powerhouse.
Bernd Erbel, who was recently appointed to head Europe’s trade mechanism with Iran, known as INSTEX, has been reportedly forced to resign after a German newspaper accused Germany's former ambassador to Tehran of supporting “anti-Semitism,” criticizing Israel and supporting Iran’s missile program.
German industrial output fell more than expected in June, driven by weaker production of intermediate and capital goods, adding to signs that Europe’s biggest economy contracted in the second quarter as its exporters get caught in trade disputes.
A catastrophic combination of heat, drought, storms, forest fires, beetle plagues and a fungi blight have so far this year destroyed swathes of German forest equivalent to more than 200,000 football fields.
Germany's economy is quickly declining despite the belief of Angela Merkel's team there is no crisis striking her country as the German manufacturing sector continues to contract with no signs of recovery, economic expert Shweta Singh warned.
A recession in Germany’s manufacturing sector worsened in July with the performance of goods producers dropping to the lowest level in seven years, a survey showed on Wednesday, suggesting a deteriorating growth outlook for Europe’s largest economy.
Activity in Germany’s services and manufacturing sector edged higher in June, a survey showed on Friday, suggesting that growth in Europe’s biggest economy has stabilized at a moderate pace in the second quarter.