The downward slide of the German economy continues. Production and incoming orders in German industry are still on course for recession in the first month of the third quarter. The latest sentiment indicators, such as the ifo index and the PMI markit, which were surveyed in August, point clearly downwards. So it can no longer be ruled out that the recession will continue even at a pace much faster than now.
Corruption
Reuters: EU watchdog slams Germany for lapses in Wirecard fraud
The German government is not sweeping the dirt under the carpet, it is shovelling it, especially SPD finance minister and chancellor candidate Olaf Scholz. Read here
Geopolitics
Huda Ammori – Why I risked prison to shut Elbit down
‘The co-founder of Palestine Action writes about her and fellow activists’ acquittal by a UK court for attempting to close down the Israeli arms firm’s operations in Britain.’ In Declassified UK. Read the article HERE.
Geopolitics
Al Jazeera – Ukraine says it is poised to sign minerals deal with the US
This is basically a weapons for minerals deal. Very ugly. Read the article HERE.
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