Stubborn Inflation Proves Difficult to Tame in Europe
Eurozone inflation rate remains high, increasing likelihood of 10th rise in the European Central Bank’s key interest rate
Source: wsj.com
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UBS Gets Everything It Wants From Credit Suisse
Swiss bank confirmed a huge accounting gain from buying its rival, and said it would retain Credit Suisse’s moneymaking domestic unit despite political backlash
Source: wsj.com
Smoking Is a Dying Habit. Not in Germany.
Health experts think low tobacco prices, a general tolerance of smoking and changes brought by the pandemic may explain the uptick in cigarette use
Source: wsj.com
Eurozone Bond Yields Rise Amid Risks of Higher-Than-Expected Inflation Data
Eurozone government bond yields rose as markets see odds of higher-than-expected inflation in Spain and Germany, key data ahead of the ECB’s mid-September monetary policy meeting, Citi said.
Source: wsj.com
Germany Is Losing Its Mojo. Finding It Again Won't Be Easy.
Europe’s biggest economy is sliding into stagnation, and a weakening political system is struggling to find an answer
Source: wsj.com