About half the European continent is now technically back in recession, and when all the numbers come in it is very likely that France and Germany will be added to that list. Europe is of course an integrated economy so the recession is spreading even to the relatively healthy eastern periphery (though remarkably, Estonia is still booming). Euro-zone unemployment is now higher than it has been in 15 years, with much of the pain felt by young people.
The Chinese market has become vital for many global automakers. For some, it’s a haven of high sales numbers to offset struggles in markets like the U.S. and Europe. To others, like Tesla Motors [NSDQ:TSLA], it’s a way to promote yo... Read Post
BERLIN (Reuters) - Weak investment spending and slow trade led Germany to contract for the first time in over a year in the second quarter, data showed, suggesting Europe's largest economy is running out of steam just as the impact ... Read Post