The German economy had another very weak three months at the end of last year, according to official figures. Gross domestic product (GDP), the total production of goods and services, was almost unchanged from the previous quarter. Germany is very exposed to the tensions in international trade, and the weak new figures partly reflect a […]

The US saw another month of strong jobs growth in January, extending a streak of gains that has surprised many economists. The US Labor Department said employers added 225,000 positions last month, while wages rose 3.1% year-on-year. Hiring at construction firms helped to drive the gains, as milder weather allowed for more building. The unemployment […]

The US economy added 145,000 jobs last month, capping a year of solid but slowing growth, official figures show. Hiring at retail and health care firms drove the gains, which pushed the US labour market to a 10th year of expansion. While the country’s 3.5% unemployment rate remained at historic lows, earnings growth slowed from […]

The Bank of England has kept interest rates on hold at 0.75% but indicated it may cut the cost of borrowing if global economic growth fails to recover or Brexit uncertainties persist. It said the UK economy was expected to pick up from its current weakness. However, the Bank said it would monitor companies’ and […]

China’s economy grew at a slower pace than expected in the third quarter as it struggled with a US-led trade war and softer domestic demand. In the three months to September, the economy expanded 6% from a year earlier, official figures showed. The result fell just short of expectations for 6.1% growth for the period. […]

The US has agreed to suspend its next tariff hike on Chinese imports after two days of trade talks in Washington. US President Donald Trump said negotiators had reached a “phase one deal” that would include increased agricultural purchases and address financial services and technology theft. China’s top negotiator Liu He also said he was […]

The U.S. economy cooled in August as Americans spent less than projected and companies cut capital-equipment orders, with below-forecast prices and lukewarm consumer sentiment adding to concerns that may support the case for further Federal Reserve easing. Consumer spending on goods and services, which accounts for about two-thirds of gross domestic product, increased 0.1% from […]

The European Central Bank has unveiled fresh stimulus measures to bolster the eurozone, including cutting a key interest rate. The deposit facility rate, paid by banks on reserves parked at the ECB, was already negative, but has now been cut from minus 0.4% to minus 0.5%. The ECB also said it was re-starting quantitative easing. […]