Germany’s economy grew at a faster than expected pace in the second quarter, underpinned by domestic demand, after contracting in the first three months of the year, latest data from Destatis showed Tuesday. Gross domestic product grew a seasonally and calendar-adjusted 1.6 percent from the first quarter, when output decreased 2.0 percent. An increase of 1.5 percent was estimated initially. […]

Eurozone private sector logged one of the strongest growth seen over the past two decades in August as the further reopening of the economy underpinned expansion in the services activity, flash survey results from IHS Markit showed on Monday. The flash composite output index declined to 59.5 from a 15-year high of 60.2 in the previous month. The reading was […]

What began as a crackdown on China’s big technology companies earlier this year is morphing into a far more substantial shift in China’s economic model. From the late 1970s China has pursued Deng Xiaoping’s roadmap to achieving Mao Zedong’s goal of “common prosperity,” or an egalitarian socialist economy. Deng had a trickledown view of how that goal could be achieved. […]

Career research company Lensa looked at work-life balance by state. The study drew from a number of statistics sources. Among them was a Glassdoor study on work-life balance, information about how people rate their well-being, hours spent commuting and hours spent working. Each state was given a rank on a scale of 1 to 10. What is missing from the […]

Nirmala Sitharaman promises help to boost economic recovery The States and the Centre need to work out how to address people’s concern about high fuel prices, Finance and Corporate Affairs Minister Nirmala Sitharaman said on Saturday, reiterating that States earn more when basic oil prices rise. Stressing that India’s pandemic-affected economy is recovering, Ms. Sitharaman promised to provide any support […]

For our free coronavirus pandemic coverage, learn more here. I’ve been having a crisis of confidence in technology. Not because of the harm that people and companies do with technology, but because of all the ways that tech may not matter very much. Think about some of the big issues that the world is facing, in no particular order: the […]

Union Commerce and Industry Minister says U.S. has indicated that it is not looking for new trade agreements. Hopes of an India-U.S. trade pact are off the table for now, with the Joe Biden administration conveying to India that it is not interested in a free trade agreement (FTA), Commerce and Industry Minister Piyush Goyal said on Thursday. The minister […]

Homebuilder confidence in the U.S. unexpectedly slumped to its lowest level in a year in the month of August, according to a report released by the National Association of Home Builders on Tuesday. The report showed the NAHB/Wells Fargo Housing Market Index tumbled to 75 in August from 80 in July, while economists had expected the index to come in […]