Economy

Chancellor Olaf Scholz recently stated in a television interview that Germany's coalition government will prioritize its social agenda while also providing military aid to Ukraine. He emphasized the importance of defending and further developing the welfare state in the country, despite challenges and budget negotiations. Germany's three-way coalition, consisting of the Social Democrats (SPD), pro-business
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The recent agreement between China and the European Union to commence talks regarding the imposition of tariffs on Chinese-made electric vehicles (EVs) imported into the European market represents a positive first step in resolving trade disputes. Germany's Economy Minister, Robert Habeck, expressed optimism about the concrete negotiations on tariffs with China after being informed by
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Germany's Economy Minister Robert Habeck visited China to discuss the proposed European Union tariffs on Chinese goods, including electric vehicles. The visit aimed to clarify that these tariffs are not punitive measures, but rather an effort to ensure fair competition. Habeck emphasized that the EU had thoroughly examined whether Chinese companies benefited unfairly from subsidies.
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The European Central Bank is expected to cut its deposit rate twice more this year, in September and December, according to a significant majority of economists. These predictions come despite the improving business activity and strong wage data, which have raised uncertainties around the rationale for more cuts. The risks, however, are skewed towards fewer
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Recently, China has initiated an anti-dumping investigation on imported pork and its by-products from the European Union. This move is seen as a response to the EU's restrictions on Chinese electric vehicle exports. The investigation, announced by China's commerce ministry, is expected to have significant implications for European pork producers, particularly those in Spain, the
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The upcoming week in Asian markets is set to kick off with the monthly Chinese ‘data dump', providing investors with crucial insights into the state of the world's second-largest economy. While recent indicators such as producer and consumer prices have pointed towards looming deflationary risks, a closer look at retail sales, business investment, industrial production,
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