US inflation last month was a touch stronger than forecast, helping to consolidate market bets that the Federal Reserve will opt for a smaller interest-rate cut in November. In Germany, Europe’s largest economy, orders placed with manufacturers tumbled by the most since the start of the year. The UK economy returned to growth and the…
German Chancellor Olaf Scholz on Friday promised further weapons deliveries for Kiev worth €1.4 billion ($1.5 billion) at a meeting with Ukrainian President Volodymyr Zelensky in Berlin. The new aid includes air defence systems, artillery and drones, Scholz said. “Germany continues to stand firmly on Ukraine’s side,” he stated. Scholz also condemned Russian attacks on…
By Philip Blenkinsop BRUSSELS (Reuters) – German Chancellor Olaf Scholz’s rejection of EU tariffs on Chinese electric vehicles failed to stop fellow European Union members voting in favour, exposing how a divided Berlin is struggling to drive EU policy. Germany was one of only five EU members to reject tariffs after months of pressure from…
A stock trader looks at his monitors in the trading room of the Frankfurt Stock Exchange. Worries about a new coronavirus mutation in southern Africa have dealt a major blow to the German stock market. Arne Dedert | Picture Alliance | Getty Images LONDON — European stocks started the new trading week on a positive…
China sided with Russia in a row with the US-led West on Friday as the United Nations Security Council debated accountability for the 2022 explosions on the Nord Stream natural gas pipelines. It came as both Chinese President Xi Jinping, who is expected to meet his Russian counterpart Vladimir Putin this month, and top diplomat…
German Foreign Minister Annalena Baerbock is set to visit China “in the coming days” against the backdrop of potential turning points in conflicts in Ukraine and the Middle East, according to people familiar with the matter. Two sources familiar with discussion about Baerbock’s plan to visit said the trip had been “largely confirmed”. They both…
Smoke rises from a building destroyed by an Israeli airstrike as journalists and local residents visit during a press tour on October 2, 2024 in Beirut, Lebanon. Daniel Carde | Getty Images LONDON — European stocks moved lowered Thursday as conflict in the Middle East weighs on regional investor sentiment. The pan-European Stoxx 600 was…
German Chancellor Olaf Scholz said he expects negotiations with China to settle a dispute over the EU’s threatened punitive tariffs on imported Chinese electric cars. “Of course we have to protect our economy from unfair trade practices,” Scholz said on Wednesday at a conference organized by the BGA foreign trade association in Berlin. “However, our…
Berlin — A Chinese woman has been arrested in the German city of Leipzig on suspicion of foreign agent activities and passing on information regarding arms deliveries, the prosecutor general said in a statement on Tuesday. The suspect, named only as Yaqi X, is accused of passing on information obtained while working for a logistics…
Chinese scholars tend to cite papers from their own country significantly more than scholars from other nations, potentially inflating China’s scientific prominence, according to recent studies. One analysis by Japan’s National Institute of Science and Technology Policy (NISTEP) revealed that 62 per cent of citations to China’s top-cited papers came from within China, compared with…