Saudi Arabia’s economy contracted 4.8% year-on-year in the second quarter of 2026, the steepest decline recorded since the COVID-19 pandemic, as a deep decline in oil activity outweighed modest growth in the non-oil and government sectors, official flash estimates showed Thursday.
Geopolitics
Al Jazeera: UK police arrest 466 people at Palestine Action protest in London
Critics say ban on activist group stifles freedom of speech and assembly and aims to curb pro-Palestine demonstrations. Read Article HERE
EU politics
Spain in English: Catalan president Quim Torra barred from public office for 18 months
Catalonia’s High Court of Justice has barred Catalan president Quim Torra from public office for 18 months and also fined him 30,000 euros for disobedience. Read here
Economics
Destatis – Germany: New orders in manufacturing in April 2024: -1.6% on the previous year
Germany’s econom barrelling along into recession New orders in manufacturing: April 2024 (in real terms, provisional): -0.2% on the previous month (seasonally and calendar adjusted) -1.6% on the same month a year earlier (calendar adjusted) […]
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