By Tom FairlessFRANKFURT — For decades, thousands of niche, world-class manufacturers that form the backbone of the German economy relied on an unassailable moat: unmatched quality. Now that moat is drying up.The Mittelstand — a broad tier of midsize manufacturers, mainly specialized in capital and…
By Craig MellowPension, or Social Security, reform tends to be mission impossible for democratic governments beholden to aging electorates. Germany's government, a fractious right-left coalition with approval ratings dwindling toward single digits, just pulled it off, apparently.Chancellor Friedric…
By Andy SerwerAt a recent gala dinner in Manhattan, Treasury Secretary Scott Bessent was asked how independent-minded the new Federal Reserve chairman, Kevin Walsh, would be, given President Donald Trump's strong preference, shall we say, for lower interest rates."Look, the president understands, h…
Data centers spell progress to Indian officials and conglomerates. But for locals, it means sharing already sparse resources. By Karishma VanjaniU.S. communities are ferociously battling America's data-center boom. Some win, some lose, but they all get a fair chance to fight.Not in India, where dat…
By Megan LeonhardtAfter months of rising inflation, Federal Reserve officials penciled in at their June meeting expectations for a quarter percentage-point hike in interest rates later this year. But an unexpected slowdown in hiring last month may remove some of the pressure to lift rates, especial…
Uruguay’s annual inflation rate rose to 4.25% in June 2026 from 3.77% in the prior month.The increase was driven by rises in transport costs (7.6%), education (6.8%), restaurants and hotels (6.6%), healthcare (6%), personal care and social protection (5.6%), utilities (4.9%), and information and co…
By Ahmed Aboulenein and Nathan LayneA dangerous heat wave upended Fourth of July celebrations across swaths of the central and eastern U.S. on Friday, forcing officials in the nation's capital and elsewhere to cancel or postpone dozens of parades, concerts and fireworks displays.Among the events di…
Brazil's 10-year government bond yield rose to 14.6% in July as weaker-than-expected fiscal data heightened concerns over the country's public finances.Gross public debt climbed to 81.1% of GDP in May, above market expectations of 80.7%, while the primary deficit widened to R$56.1 billion, exceedin…
Brazil's government raised its projection on Friday for the country's full-year trade balance, forecasting a surplus of $90 billion, up about 25% from the previous projection released in April.The upward revision came amid a higher projection for the country's exports in 2026, now estimated at $394…
By Tim McLaughlinU.S. power grid operator PJM, the nation's largest covering much of the East Coast and Midwest, on Friday ordered customers in emergency electricity-reduction programs to curb their use, as it battled generator outages, overloaded transmission lines and surging air-conditioning dem…
Canada's 10-year government bond yield held steady at 3.44% in July as lower oil prices and weaker-than-expected US jobs data reinforced expectations of a more accommodative monetary policy outlook.Oil prices remained near pre-conflict levels amid optimism over US-Iran peace efforts, easing concern…
A Goldman Sachs economist expects artificial intelligence to displace more than 15 million US workers over the next decade, but argues that the resulting job losses are likely to be temporary as new occupations emerge and the economy adapts to technological change.In a recent research report titled…
WASHINGTON (dpa-AFX) - 97 percent of Americans who filed their income tax returns this past filing season have received a tax cut, benefiting from the Working Families Tax Cuts, according to the U.S. Department of the Treasury.President Trump and Republicans in Washington prevented a $5 trillion ta…
Prediction markets crossed another milestone in June, surpassing $50 billion in monthly trading volume for the first time.The same week, European regulators initiated a new coordinated response to the sector, DraftKings completed the launch of its own exchange, and Cboe proposed bringing prediction…
There are no FTSE 350 corporate releases scheduled on Monday, but on the macro calendar, German factory orders for May, the S&P Global UK construction PMI for June and eurozone retail sales for May will be in focus.Tuesday will bring a quarterly update release from oil giant Shell, while the latest…
Thales: Termination Will Have Impact of 0.5% on 2026 Sales
By Adriano MarcheseCanadian National Railway set a new monthly record for grain shipments in June, surpassing its previous high set six years ago.The Canadian railroad said Friday that it moved 2.67 million metric tons of grain from Western Canada and surpassing its previous June high of 2.64 milli…
The quick retreat of energy prices in recent weeks has caught the European Central Bank off guard but the political outlook remains volatile and requires vigilance, Bundesbank President Joachim Nagel said on Friday."We do not know if there is really a peace agreement coming," Nagel told a conferenc…
By Nicole JaoAmericans are revving up for the Fourth of July holiday, undeterred by gasoline prices that remain elevated and well above historical levels.The easing of tensions between the U.S. and Iran has provided some relief at the pump, reducing fears that disruptions to oil shipments through t…
Exxon Mobil Corporation XOM, a U.S.-based energy giant, and QatarEnergy have signed a deal with Cyprus affirming the prospects of two offshore natural gas discoveries as marketable, implying that these resources are large enough to be commercially developed. Per a Reuters report, the Declaration of…
