Another Europe News
Bumper boost to GDP in Germany – economy
The German economy expanded strongly between April and June, thanks to broad-based domestic demand…
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The German economy expanded strongly between April and June, thanks to broad-based domestic demand and solid exports.
A 0.7 percent quarterly rise in gross domestic product came from a flurry of construction work, resuming after the unusually long and cold winter. Companies also increased their purchases of machines and equipment and there was healthy private consumption.
Analysts said Germany’s bounce-back could support the tentative recovery in the eurozone economy.
“The composition of the growth is very good. It is being driven more strongly from within, which is good for Germany and the eurozone,” said economist Holger Sandte at Nordea. “It is also positive that firms are investing more in equipment and are not so hesitant anymore.”
Domestic demand added 0.5 percentage points to GDP in the quarter and foreign trade 0.2 percentage points.
“Growth is broadly supported – two-thirds comes from domestic demand, a third from trade… This could be the start of a long upturn for investment. Low interest rates and returning confidence provide a sound basis for this,” said Christian Schulz at Berenberg Bank.
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Oil drops to $80 a barrel and markets rise as Trump touts Iran framework deal
Oil prices traded over 5% lower on Monday morning after US President Donald Trump announced the completion of the framework for a peace deal with Iran and the reopening of the Strait of Hormuz.
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Another Europe News
Italy: ‘Europe is by your side,’ says von der Leyen after visiting flood-devastated Emilia Romagna
The President of the EU Commission, Ursula von der Leyen met locals in Cesena on Thursday after last week’s devastating floods.
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Another Europe News
Woman, 24, reunited with parents more than two decades since disappearing on a train
A woman from Belarus has been reunited with her parents, more than 20 years since losing them on a train when she was a girl.…
READ MORE : https://www.euronews.com/2019/09/05/woman-24-reunited-with-parents-more-than-two-decades-since-disappearing-on-a-train
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The environmental organisation dropped the rocks in an area of the South West Deeps Conservation Zone, some 190 kilometres off the English coast.
READ MORE : https://www.euronews.com/2022/09/03/greenpeace-uk-drops-boulders-off-cornwall-coast-to-prevent-overfishing
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On today’s #EuropeToday:
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