Two Engineers Face Up to Six Years in Jail After MARPOL Guilty Pleas
A chief engineer and a second engineer both working aboard a Greek-owned and registered product tanker pleaded guilty today, May…
Key debt ratio resumes rise as global debt burden hits record $315 trillion, IIF says
A key measure of world indebtedness has resumed its climb as global debt hit a record high of $315 trillion…
ECB grows more confident about cutting rates, policymakers say
The European Central Bank is growing more confident about cutting interest rates as euro zone inflation continues to ease, three…
Bank of England to stay optimistic but avoid endorsing June rate cut
Markets aren’t fully buying the BoE’s new found optimism Can the Bank of England diverge from the Federal Reserve on…
German deficit forecast at 1.75% in 2024, says stability council
Germany’s general government deficit is forecast to be around 1.75% of gross domestic product in 2024, falling to around 1%…
Turkey central bank net reserves jump record $7 bln in U-turn, bankers say
The Turkish Central Bank’s net foreignreserves rose by a record $7 billion last week, bankers said on Tuesday, sustaining a…
Europe has little to fear as ECB and Fed part ways
Christine Lagarde and Jerome Powell are about to consciously uncouple their monetary policies. The European Central Bank president will almost…
ECB can’t be lenient with structural inflationary forces, Nagel says
Deep structural changes in the euro zone economy could put upward pressure on inflation for years to come but the…
German exports expected to stagnate this year – DIHK
German exports are expected to stagnate this year, following a 1.8% decline last year, the German Chamber of Commerce and…
China, France extend economic, trade cooperation on past achievements
Chinese President Xi Jinping arrived in Paris on Sunday for a state visit to France, coinciding with the 60th anniversary…