Cuban economic crisis reverberates in Santiago de Cuba as power cuts and shortages reshape daily life Power cuts and shortages in Santiago de Cuba push residents into barter, remittances and …
Economy
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Business
German economy stabilizes modestly as Ifo index rises and Q1 GDP grows
by Leo Müllerby Leo MüllerGerman economy shows tentative stabilisation as Ifo index edges up and Q1 growth confirmed Germany’s economy received modest confirmation of stability in May as the Ifo business climate ticked up …
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Business
German economy faces longest slump since 2019 as public concern surges
by Leo Müllerby Leo MüllerGerman economy faces longest slump since 2019 as public concern rises Germany’s economic stagnation since spring 2019 is dragging public confidence down, with rising concerns over growth, jobs and the …
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Politics
Strait of Hormuz blockade halts regular shipping and threatens global economy
by Hans Ottoby Hans OttoStrait of Hormuz Blockade Since March Raises Global Shipping and Energy Alarm The Strait of Hormuz has been blocked to regular commercial traffic since early March, raising immediate concerns about …
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Business
German economy posts 0.3% first-quarter growth as economists warn of second-quarter contraction
by Leo Müllerby Leo MüllerGerman economy posts 0.3% Q1 growth but outlook clouded by Iran war risks German economy posts 0.3% quarter-on-quarter growth in Q1, but rising oil prices and supply uncertainty from the …
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Business
Institute warns German economy faces prolonged stagnation as investment stalls
by Leo Müllerby Leo MüllerGerman economic growth outlook darkens as key market indicator plunges further German economic growth is under renewed pressure after a leading financial-market indicator collapsed in March and fell again in …
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Politics
Ramstein mayor warns US troop drawdown could devastate local economy
by Hans Ottoby Hans OttoUS troop withdrawal from Germany could displace 10,000–12,000, Ramstein mayor warns Ramstein officials warn the announced US troop withdrawal from Germany could displace up to 12,000 people and cost the …
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Business
German investors flock to Poland as booming economy masks deep imbalances
by Leo Müllerby Leo MüllerGerman investors in Poland accelerate deals as manufacturing and EV hubs expand German investors in Poland are moving capital into manufacturing and EV chains, attracted by lower costs and EU …
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World
Iranian economy crippled as US blockade drives prices up and forces layoffs
by anna walterby anna walterIran economic crisis deepens as fragile ceasefire halts fighting but U.S. blockade chokes trade Fragile ceasefire paused US-Israeli strikes, but the Iran economic crisis is intensifying as a U.S. blockade …
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World
UN Secretary-General warns Strait of Hormuz closure is strangling global economy
by anna walterby anna walterUN warns Strait of Hormuz closure is “strangling the global economy” UN chief Antonio Guterres warns the Strait of Hormuz closure is strangling the global economy, prolonging supply-chain disruptions and …