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Economy
German economy shrinks by record 10.1% in second quarter
The German economy contracted by 10.1% in the second quarter, its steepest plunge on record, as household spending, business investment and exports collapsed during the COVID-19 pandemic, preliminary data showed on Thursday.
“This was…
China: trade environment still a major challenge
The Chinese commerce ministry said on Thursday, that China’s trade environment is still beset by severe challenges as external uncertainties rise,
China will roll out new policies to support trade, ministry spokesman Gao Feng told…
Oil prices jump on U.S. inventory drop
On Wednesday, oil prices rose after a surprise drop in U.S. crude inventories, but demand concerns amid record increases in COVID-19 infections in some U.S. states capped gains.
Brent crude futures LCOc1 rose 54 cents, or 1.3%, to $43.76…
Oil prices fall as U.S. fiscal package faces tough talks
On Tuesday, oil prices fell as U.S. lawmakers prepared to wrangle over an economic stimulus package and investors worried about a rise in coronavirus cases worldwide.
Brent crude was down 4 cents, or 0.1%, at $43.37 a barrel at 1331 GMT,…
Oil prices edges higher on weak dollar
On Monday, Oil prices edged higher helped by a weak dollar and expected U.S. stimulus measures but gains were capped by rising global coronavirus cases and tensions between the United States and China.
Brent crude LCOc1 rose 32 cents, or…
Oil prices edges up on weak dollar, U.S.-China tensions weigh
Oil prices edged higher on Friday, supported by a weaker dollar, though tensions between the United States and China, as China ordered the United States to close its consulate in the city of Chengdu on Friday, responding to a U.S. demand…
Le Maire: French economy to rebound to pre-crisis levels by 2022
The French economy is on course to rebound by 8% next year and should return to pre-crisis levels by 2022, French Finance Minister Bruno Le Maire said on Thursday.
Le Maire told the National Assembly recent economic data had been…
Shapps: UK wants a Brexit free trade deal with EU
British Transport Secretary Grant Shapps said on Wednesday, that the United Kingdom wants a Brexit free trade deal with the European Union but is prepared for a no deal.
Oil prices slip as U.S. inventories and virus fears grow
On Wednesday, oil prices fell as industry data showed a bigger than expected inventory build in the United States, where a surge in coronavirus cases could further dent fuel demand in the world’s biggest oil consumer.
Brent crude fell 60…
Oil jumps 3% on EU stimulus deal
Oil prices gained more than 3% to hit a more than four-month high on Tuesday, helped by positive news about coronavirus vaccine trials and a European Union stimulus deal.
Brent crude rose $1.39, or 3.2%, to $44.67 a barrel by 11:19 a.m.…