The Chinese yuan has passed the euro to become the second most important currency in Brazilian foreign reserves, according to a central bank report on Friday, reflecting the deepening economic ties with Brazil’s biggest trading partner.
Economics
The EU’s V Recovery: Why in a surging economy is inflation in minus territory?
The euro area annual inflation rate was -0.3% in October 2020, stable compared to September. A year earlier, the rate was 0.7%. Read here
Climate Crisis
Adam Tooze: Germany Chooses Economic Nostalgia Over Saving the Planet
Central bankers are recognizing they have the power and responsibility to fight climate change. The Bundesbank would rather not. Read here
Economics
Eurostat: Volume of retail trade down by 2.7% in the euro area and by 2.4% in the EU year on year
In October 2022 compared with October 2021, the calendar adjusted retail sales index decreased by 2.7% in the euro area and by 2.4% in the EU In October 2022, the seasonally adjusted volume of retail […]
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