The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.

German House Prices Fall Most Since 2000

House prices in Germany declined in the second quarter at the fastest pace since 2000, adding further evidence to the adverse impact of rising interest rates on the real estate market in the biggest euro area economy. Prices of residential property decreased by an average 9.9 percent year-on-year, the statistical office Destatis said Friday. This was the biggest annual fall […]

Read more

Immigration a mixed blessing as housing shortfall looms

Save articles for later Add articles to your saved list and come back to them any time. A surge in immigration this year has rescued the Australian economy from recession, it has helped alleviate a debilitating shortage of workers and also mitigate the damage wreaked by slow consumer spending on company profits. Strong immigration offers a handy sugar hit for […]

Read more

Kingfisher H1 Adj. Pretax Profit Declines, LFL Sales Down 2.2%; Updates FY Profit Outlook

Kingfisher PLC (KGF.L) reported that its first half pretax-profit declined to 317 million pounds from 474 million pounds, last year, reflecting lower operating profit, including the impact of impairments reflecting revised future projections. Earnings per share was 12.2 pence compared to 18.3 pence. Adjusted pretax profit declined to 336 million pounds from 472 million pounds, last year, reflecting lower retail […]

Read more

UK Economy Shrinks In July

The UK economy contracted in June on weaker out-turns in the services and industrial sectors, suggesting that the region is heading for a mild recession in the second half of the year. Real gross domestic product fell 0.5 percent in July, offsetting June’s 0.5 percent increase, the Office for National Statistics reported Wednesday. The latest figure was also worse than […]

Read more

China Inflation To Rebound On Economic Recovery

China’s consumer price inflation is set to rebound further over the coming months as the economy is set to recover moderately driven by policy measures, Capital Economics’ economists said. Official data released over the weekend showed that consumer prices climbed 0.1 percent annually in August, reversing a 0.3 percent drop in July, which was the first decline since February 2021. […]

Read more
1 2 3 4 5