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Oil Prices Remain Volatile Amid Global Economic Concerns

Brent crude futures are currently trading at around $80 per barrel, having dropped by more than $6 per barrel since the start of July. The...

Polish Government Plans to Introduce Standardized Tobacco Packaging

The Polish Ministry of Finance has proposed the introduction of standardized packaging for tobacco products to reduce brand promotion and discourage smoking. The proposal is...

German Producer Prices Continue to Decline for Over a Year

Producer prices in Germany fell by 0.8% in July year-on-year, marking the 13th consecutive month of decline. The decrease was primarily driven by lower energy...

GM to Lay Off Over 1,000 Employees in Software and Services Division

General Motors (GM) plans to lay off more than 1,000 employees in its software and services division as part of a reorganization aimed at...

Germany’s Exports and Imports Decline in First Half of the Year

Germany's exports and imports both declined in the first half of this year, signaling ongoing challenges for the EU's largest economy. Exports fell by 1.6%...

Number of UK Restaurants and Hotels Increases for the First Time in Two Years

The number of pubs, restaurants, bars, and hotels in the UK has increased for the first time in two years, indicating a potential recovery...

Wirecard’s Former Chief Accountant Denies Responsibility for Falsified Reports

Stephan von Erffa, the former chief accountant of Wirecard, denies playing a significant role in falsifying the financial statements of the German payment processor,...

German Battery Manufacturer Varta Aims to Complete Restructuring This Year

Varta, a German battery manufacturer, plans to complete its restructuring process by the end of this year, according to a company spokesperson. The restructuring agreement...

German President Rejects Cuts to Military Aid for Ukraine

German President Frank-Walter Steinmeier rejected the idea of reducing financial resources allocated in the state budget for military support to Ukraine. Germany provides the largest...

GBP/USD Exchange Rate Remains Stable as Markets Await Key Economic Data

The GBP/USD exchange rate remains stable as financial markets await the release of key economic data that could influence future monetary policy decisions in...

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