Economy

Economic News

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CAC 40 Climbs 0.5% On Lower Oil Prices, Soft Inflation Data

BRUSSELS (dpa-AFX) - French stocks gained some ground in positive territory on Tuesday, as investors continue to follow the latest developments with regard to US-Iran peace talks, and the European Central Bank's annual Sintra Forum.Lower oil prices, data showing a slowdown in inflation, and hopes t…

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EU to Limit Tariff-Free Steel Imports, Apply 50% Duty Above Quota — Update

By Edith HancockThe European Union will limit the amount of tariff-free steel its member states can import from Wednesday, as part of officials' efforts to protect its steel industry from overcapacity from countries like China.The bloc's new system would cut tariff-free steel import volumes by 47…

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Swiss KOF Leading Indicator Rises In June

BRUSSELS (dpa-AFX) - A measure signaling future turning points in the Swiss economy improved to the strongest level in four months, results of a survey by the KOF Swiss Economic Institute showed Tuesday.The economic barometer rose to 101.2 in June from a revised 98.6 in May. Moreover, it remained a…

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China to Impose Antidumping Duty on Canadian Pea Starch

China's commerce ministry said Tuesday that it will impose a preliminary antidumping ruling against Canadian pea starch, alleging the imports cause "material injury" to the domestic industry.Importers of Canadian pea starch must deposit a 73.5% security margin with Chinese customs from July 1, said…

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Germany Retail Sales Recover In May

BRUSSELS (dpa-AFX) - Germany's retail sales recovered unexpectedly in May, official data showed Tuesday.Real retail sales increased 1.1 percent on a monthly basis in May, reversing a 0.4 percent drop in April, Destatis reported. Sales were forecast to remain flat.Sales in the food sector grew 1.1 p…

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EU to Limit Tariff-Free Steel Imports, Apply 50% Duty Above Quota

By Edith HancockThe European Union will limit the amount of tariff-free steel its member states can import from Wednesday, part of officials' efforts to protect the bloc's steel industry from overcapacity.The new system would set tariff-free steel import volumes at 18.3 million metric tons, while t…

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Finland Economic Output Grows 2.8% In May

HELSINKI (dpa-AFX) - Finland's economic output expanded at a faster pace in May, data from Statistics Finland showed on Tuesday.Output of the national economy rose a working-day-adjusted 2.8 percent year-over-year in May, following a 2.4 percent growth in April, which was revised upwardly from 0.9…

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Japan Government Keeps Gradual Economic Recovery View as Global Energy Prices Have Eased, Consumer Sentiment Has Picked Up from Recent Bottom

--Government Also Warns Mideast Conflict Has Triggered a Spike in Producer, Import Costs(MaceNews) – Japan’s government continues to predict that the economy will stay on a gradual recovery track, pointing that its fuel subsidies and free high school education are helping ease inflation and hot wea…

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Statkraft adds first wind project to its renewable portfolio in Peru

Emma project(Oslo/Lima, 30 June 2026) – Statkraft, Europe’s largest generator of renewable energy, is expanding its renewable energy portfolio in Peru with the construction of the high-performing 72 MW Emma wind project in Piura. The project marks Statkraft’s first investment in wind power in the c…

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Japan Housing Starts Surge 33.9%

TOKYO (dpa-AFX) - Japan's housing starts increased at a faster than expected pace in May, data from the Ministry of Land, Infrastructure, Transport, and Tourism showed on Tuesday.Housing starts grew 33.9 percent yearly in May, much faster than the 11.4 percent recovery in April. The expected growth…

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UK GDP Growth Confirmed At 0.6%

LONDON (dpa-AFX) - The UK economy expanded as initially estimated in the first quarter, primarily driven by services activity, final data from the Office for National Statistics showed Tuesday.Gross domestic product grew 0.6 percent sequentially in the first quarter, following a revised 0.1 percent…

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