Page 71 - Eco News Today

German engineering companies' order books fell significantly in April, reversing the "small ray of hope" seen in the prior month's figures, the VDMA engineering association said on Monday.

Hercules famously completed 12 labours. Today’s Greece resembles the mythological hero when he was halfway through his tasks. The country has done a lot of work to rebuild itself after its debt crisis, but still needs to finish the job.

Britain's new car sales still below pre-pandemic level despite a rise it witnessed in May from a year earlier, according to the preliminary industry data released by the Society of Motor Manufacturers and Traders (SMMT) on Monday.

Most stock markets in the Gulf rose in early trade on Monday on optimism the U.S. Federal Reserve would pause its rate hikes this month, while rising oil prices cheered investors.

A look at the day ahead in European and global markets from Kevin Buckland:

Euro zone producer prices fell for a seventh consecutive month in April, data showed on Monday, almost entirely due to declining energy prices.

Moscow said on Monday it had thwarted a major offensive against its forces in eastern Ukraine, but Ukrainian officials dismissed the report and both sides said the Ukrainian military had advanced elsewhere along the front line.

Euro zone business activity was shored up last month by the bloc's dominant services industry offsetting a deepening decline in the manufacturing sector, according to a survey which also showed overall price pressures had abated.

Most stock markets in the Gulf ended higher on Monday on optimism the U.S. Federal Reserve would pause its rate hikes this month, while rising oil prices cheered investors.

Spotify Technology SA said on Monday it would cut 200 jobs from its podcast unit in its second round of layoffs, as the company restructures the business after years of heavy investment.