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Passenger Car Sales in China Declined for Fifth Consecutive Month in August

Passenger car sales in China fell by 1.1% in August to 1.92 million units, marking the fifth straight monthly decline. Sales of electric and plug-in...

Business Sentiment in German Residential Construction Worsens Again

The Ifo Institute's confidence index for residential construction fell to -47.9 points in August from -46.4 in July. Half of the surveyed companies expect a...

Fitch Upgrades Turkey’s Credit Rating to BB-

Fitch Ratings raised Turkey’s long-term foreign currency debt rating to BB- from B+, with a stable outlook. The upgrade reflects improvements in fiscal policy and...

Public Investments in the EU Should Not Be End in Themselves, Says Netherlands

The Dutch government agrees with parts of Mario Draghi's proposals for EU reforms, stressing that public investments must not be self-serving. The Netherlands supports European...

Yellen: U.S. Economy in Good Shape, Heading Toward “Soft Landing”

U.S. Treasury Secretary Janet Yellen believes the economy is in good condition and on track for a soft landing, despite recent slower job growth. 142,000...

U.S. Wholesale Inventories Rose Less Than Expected in July

U.S. wholesale inventories grew by 0.2% in July 2024, below the expected 0.3% increase. Inventories of short-term goods rose by 0.5%, while long-term goods increased...

WTO: Tariffs Tend to Hit Low-Income Households the Hardest

Tariffs disproportionately affect low-income households, women, and small businesses, according to the WTO. Countries like the U.S., Canada, and the EU have increased tariffs on...

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