The skyscrapers of the Frankfurt skyline in the evening, with the Deutschherrn Bridge in the foreground.Frank Rumpenhorst | Picture Alliance | Getty ImagesThe 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...
Jakub Porzycki | Nurphoto | Getty ImagesNovo Nordisk on Wednesday reported third quarter earnings broadly in line with expectations and narrowed its 2024 full-year growth guidance.The Danish pharmaceutical giant said that its net profit in the third quarter hit 27.3 billion Danish kroner ($3.92 billion), above an LSEG aggregate...
Passers-by walk in the pedestrian zone of the Bavarian capital.Peter Kneffel | Picture Alliance | Getty ImagesGermany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter.The preliminary print, announced by German...
A Volkswagen logo on the rim of an e-up. electric car tire.Julian Stratenschulte | Picture Alliance | Getty ImagesGerman automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.Operating profit fell to 2.86 billion euros ($3.1 billion), while third quarter sales revenues slipped 0.5%...
Christian Lindner, Germany's finance minister, during a meeting Janet Yellen, US treasury secretary, not pictured, at the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024.Ting Shen | Bloomberg | Getty ImagesGerman Finance Minister Christian Lindner on Friday warned that if...
An escalation of trade and tariffs tensions between the U.S. and China would have "costly" economic consequences around the world, Gita Gopinath, deputy managing director of the International Monetary Fund told CNBC on Wednesday."We are seeing geopolitically driven trade around the world, which is why when you look at...
Chinese flags for sale on Nanjing East Road in Shanghai, China, on Wednesday, Oct. 2, 2024.Qilai Shen | Bloomberg | Getty ImagesThe International Monetary Fund (IMF) warned of a possible worsening of the state of China's property market as it trimmed its growth expectations for the world's second-largest economy.In...
15 November 2023, Bavaria, Munich: Flags with the word "Siemens" in front of the company's headquarters. Siemens publishes figures for fiscal year 2022/23. Photo: Karl-Josef Hildenbrand/dpa (Photo by Karl-Josef Hildenbrand/picture alliance via Getty Images)Karl-Josef Hildenbrand | Picture Alliance | Getty ImagesGerman industrial technology giant Siemens on Thursday posted better-than-expected...
Novo Nordisk Wegovy manufactured by Novo Nordisk packaging is seen in this illustration photo taken in a pharmacy in Krakow, Poland on April 8, 2024. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Jakub Porzycki | Nurphoto | Getty ImagesNovo Nordisk on Wednesday posted weaker-than-expected net profit in the second quarter...
People shopping at the downtown market, Cour Lafayette, in Toulon, on July 27, 2024.Magali Cohen / Hans Lucas | Afp | Getty ImagesHeadline inflation in the euro zone unexpectedly rose to 2.6% in July, the European Union's statistics agency said Wednesday, even as price growth in the services sector...