A tough and uncompromising U.S. approach to its EU trade is in order, writes Dr Michael Ivanovitch.
BERLIN, Oct 21- Deutsche Wohnen and other German property companies' shares were hit on Monday by Berlin city government's approval of a plan to freeze rents in the German capital for five years. Shares in Deutsche Wohnen, the largest private landlord in Berlin, fell by as much as 4.5% in reaction to the blueprint approved on Friday by the Berlin Senate, which also...
*EU Commission: We want a deal. BRUSSELS, Oct 17- Prime Minister Boris Johnson's last-ditch attempt to clinch a Brexit deal was thrown into disarray hours before a European Union summit on Thursday when the Northern Irish party he needs to help ratify any agreement refused to support it. "We will continue to work with the Government to try and get a sensible deal that...
LONDON, Oct 17- The pound weakened on Thursday after Northern Ireland's Democratic Unionist Party said it could not support a Brexit deal proposed by Prime Minister Boris Johnson and the European Union, though it traded close to a five-month high. On top of that, French junior foreign affairs minister Jean-Baptiste Lemoyne said a Brexit deal was within "arm's...
BRUSSELS, Oct 17- Prime Minister Boris Johnson's last-ditch attempt to clinch a Brexit deal was thrown into disarray hours before a European Union summit on Thursday when the Northern Irish party he needs to help ratify any agreement refused to support it. "We will continue to work with the Government to try and get a sensible deal that works for Northern Ireland...
FRANKFURT, Oct 15- Volkswagen has postponed the final decision whether to build a car plant in Turkey, a company spokesman said, amid international criticism of the country's military operation in Syria and concerns about potential reputational fallout. European Union countries agreed on Monday to limit arms exports to Turkey, while U.S.
BERLIN, Oct 14- The German economy is unlikely to slide into a prolonged recession even as it languishes in a weak growth cycle, the Economy Ministry said on Monday. The German economy is expected to contract slightly in the third quarter as it did in the April-June period as exports weaken on uncertainties linked to Britain's planned departure from the European...
Mario Draghi fought the headwinds of German-imposed fiscal austerity on sinking euro area economies and led the monetary union to economic recovery.
Oct 13- British Prime Minister Boris Johnson will speak to German Chancellor Angela Merkel, French President Emmanuel Macron and European Commission President Jean-Claude Juncker by the end of Monday in an attempt to urge the leaders to support his Brexit deal, the Sunday Times reported http://bit.ly/2oBg1Tq.
BERLIN, Oct 10- German exports fell by more than expected in August, data showed on Thursday, reinforcing expectations that a manufacturing slump is pushing Europe's largest economy into recession. The trade surplus narrowed to 18.1 billion euros after an upwardly revised 20.5 billion euros in the prior month. Germany's export-reliant manufacturers are...
LUXEMBOURG, Oct 9- Germany and the Netherlands, which run budget surpluses, should invest more to help boost economic growth at home and throughout the euro zone, top euro zone officials said on Wednesday, echoing a call from the European Central Bank last month. Instead, top euro zone officials put pressure on Germany and the Netherlands to use their "fiscal space"-...
BERLIN, Oct 9- The German cabinet on Wednesday approved measures to drastically cut greenhouse gas emissions, paving the way for Chancellor Angela Merkel to pass landmark climate legislation this year. Climate activists and industry groups immediately criticised the plans as too weak to achieve Germany's goal of becoming emissions-neutral by 2050..
LUXEMBOURG, Oct 9- Germany and the Netherlands, which run budget surpluses, should invest more to help boost economic growth at home and throughout the euro zone, top euro zone officials said on Wednesday, echoing a call from the European Central Bank last month. Instead, top euro zone officials put pressure on Germany and the Netherlands to use their "fiscal space"-...
LONDON, Oct 9- Airbus Defence and Space has issued an internal warning of significant challenges in meeting cashflow and other targets for 2019 as it rolls out an internal efficiency plan called "Momentum," people familiar with the matter said. It is the second time in as many years the group's second largest division has been forced to urge its 33,000 staff to save...
SINGAPORE, Oct 9- The dollar steadied on Wednesday as hopes for a breakthrough in U.S- China trade talks waned, sending investors into less risky assets, while the pound wallowed near a month low on deepening uncertainty over Brexit. The U.S. imposition of visa restrictions on Chinese officials, and the blacklisting of Chinese firms, over the treatment of Muslim...
Culture Secretary Nicky Morgan, British Minister for Northern Ireland Julian Smith, Justice Secretary Robert Buckland, Health Minister Matt Hancock and Attorney General Geoffrey Cox are all on a "resignation watch list," according to The Times report http://bit.ly/33fODZW. The media reports come as the European Union accused Britain of playing a "stupid...
Oct 9- Gold prices firmed on Wednesday as tensions between the United States and China ratcheted up ahead of crucial trade talks later this week, sapping risk appetite, while concerns over Brexit added to bullion's safe haven appeal. *Ahead of trade talks later this week, the U.S. government widened its trade blacklist to include some of China's top artificial...
NEW YORK, Oct 8- Oil prices and stocks across major markets fell on Tuesday as tensions rose between China and the United States ahead of high-level trade talks, while the British pound sank on reports that Brexit negotiations were close to breaking down. Washington widened its trade blacklist to include some of China's top artificial intelligence start-ups,...
Oct 8- Gold rose 1% on Tuesday, bouncing off a one-week low touched earlier in the session, as uncertainties over U.S.- China trade talks and Brexit drove a decline in stock markets and prompted investors to seek refuge in the safe-haven metal. Wall Street tumbled, adding to declines in global stocks, as sentiment soured ahead of high-level trade talks after a...
LONDON, Oct 8- Sterling fell to a three-week low against the euro on Tuesday as concerns lingered that sizeable differences between Britain and the European Union remained with less than a month left to strike a Brexit withdrawal deal before the Oct. 31 deadline. The British government is preparing for Brexit negotiations to end this week, according to a report...
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