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.
Finance
Frances Coppola: Deutsche Bank’s Latest Restructuring Plan Fails To Impress
The fact is that Deutsche Bank has few real strengths and no clear competitive advantage in any division. Radical new vision or no, I can’t see a future for it as an independent business. And […]
Climate Crisis
Anya Zoledziowski: Shell’s Massive Carbon Capture Plant Is Emitting More Than It’s Capturing
A new Global Witness report found that it has the same carbon footprint per year as 1.2 million gas-powered cars. Read Here
Geopolitics
Middle East Eye: Secret Iran-US talks on Gaza war undermined by Raisi death
Sources close to the discussions in Oman tell MEE that the delegations spoke about ending Israel’s war and a shared desire for a change in Israeli government. Read HERE Iran’s late president Raisi Photo: Azerbaijan […]
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