Number of unemployed up 11,000 vs 7,000 forecast Figure often declines in February Fewer vacancies registered than a year ago BERLIN, Feb 29 Reuters The number of people out of work in Germany increased more than expected in February as a slowdown in Europe39;s largest economy took its toll on the labour market, Federal Labour […]

BERLIN, Feb 29 Reuters Inflation fell in six economically important German states in February, preliminary data showed on Thursday, suggesting that German inflation is continuing on its downward trajectory. The inflation rate in North RhineWestphalia, Germany39;s most populous state, fell to 2.6 in February from 3.0 in January. Saxony and BadenWuerttemberg saw the largest dips, […]

WASHINGTON, Feb 29 Reuters U.S. prices picked up in January, but the annual increase in inflation was the smallest in nearly three years, keeping a June interest rate cut from the Federal Reserve on the table. The personal consumption expenditures PCE price index rose 0.3 last month, the Commerce Department39;s Bureau of Economic Analysis said […]

OTTAWA, Feb 29 Reuters The Canadian economy expanded at an annualized rate of 1.0 in the fourth quarter, exceeding expectations, and gross domestic product likely grew 0.4 in January, Statistics Canada data showed on Thursday. The fourthquarter growth rate was higher than the Bank of Canada39;s BoC39;s 0.0 forecast as well as the 0.8 growth […]

BEIJING, Feb 29 Reuters Chinese outbound foreign direct investment along the electric vehicle value chain likely set a new record in 2023, a report from Rhodium Group showed, as western economies step up scrutiny of China39;s productionfocussed, debt driven development model. Growing alarm over Chinese industrial overcapacity flooding the European Union with cheap products, particularly electric vehicles, […]