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U.S. investment projects in Germany down 12 pct in 2019: EY study

U.S. investment projects in Germany down 12 pct in 2019: EY study

2020-05-29 04:05

The number of international investment projects in Germany stagnated in 2019 "mainly due to the reluctance of U.S. companies.

Business confidence in Italy slip to new lows amid coronavirus outbreak

Business confidence in Italy slip to new lows amid coronavirus outbreak

2020-05-29 03:51

The composite index for business confidence for May sank to 51.1 points, the lowest level ever recorded in Italy.

U.S. jobless claims hit 2.1 mln last week amid COVID-19 fallout

U.S. jobless claims hit 2.1 mln last week amid COVID-19 fallout

2020-05-29 00:07

The number of initial jobless claims in the United States totaled 2.1 million last week as COVID-19 continues to sweep the nation.

S. Koreas retail sale grows 3.9 pct in April

S. Korea's retail sale grows 3.9 pct in April

2020-05-28 13:55

Revenue of local retailers increased 3.9 in April from a year earlier, after declining 3.3 percent in the previous month.

S.Koreas c.bank slashes 2020 economic growth outlook to 0.2% contraction

S.Korea's c.bank slashes 2020 economic growth outlook to 0.2% contraction

2020-05-28 09:47

South Korea's central bank on Thursday slashed its 2020 growth outlook for the economy to 0.2 percent contraction.

S. Korea cuts interest rate by 25 basis points to 0.50 pct

S. Korea cuts interest rate by 25 basis points to 0.50 pct

2020-05-28 08:57

South Korea's central bank on Thursday cut its benchmark interest rate by 25 basis points to a new record low of 0.50 percent.

Live COVID-19 updates: U.S. deaths top 100,000 -- Johns Hopkins University

Live COVID-19 updates: U.S. deaths top 100,000 -- Johns Hopkins University

2020-05-28 08:55

The following are the updates on the global fight against the COVID-19 pandemic.

European Commission proposes 750bln-euro recovery fund

European Commission proposes 750bln-euro recovery fund

2020-05-28 06:42

The European Commission on Wednesday proposed a 750-bln-euro recovery fund to help the world's largest trading bloc recover from a recession.

Beige Book reports economic activity falling sharply due to COVID-19

Beige Book reports economic activity falling sharply due to COVID-19

2020-05-28 05:48

Economic activity declined across the nation, with most districts falling sharply, reflecting disruptions associated with the COVID-19 pandemic.

COVID-19 second wave in U.S. ＂not inevitable,＂ says Fauci

COVID-19 second wave in U.S. ＂not inevitable,＂ says Fauci

2020-05-28 01:47

A second wave of the COVID-19 outbreak in the United States "could happen" but is "not inevitable," said White House health advisor Anthony Fauci.

Namibias power utility to invest 575 mln USD in power projects

Namibia's power utility to invest 575 mln USD in power projects

2020-05-27 23:46

NamPower will invest 10 billion Namibian dollars (about $575 million) in energy generation and transmission projects over the next three years.

German GDP likely to contract by over 10 pct in Q2 2020: think tank

German GDP likely to contract by over 10 pct in Q2 2020: think tank

2020-05-27 21:50

Due to the lockdown measures in force in Germany until May, German Q2GDP is likely to decline by more than 10 percent compared to the first quarter.

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