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
The Guardian: Car lobby opposes EU safety bid that ‘would save 1,300 lives a year’
What is another 1,300 lives? Car manufacturers already send hundreds of thousands of Europeans to early deaths with their cheating devices in diesel cars. This will end with Germany intervening and telling the EU they […]
National Politics
BBC: Brazil election: Lula makes stunning comeback
In good news for the planet and a major political setback for the USA Brazil has taken a turn to the left as former president Luiz Inácio Lula da Silva beat far-right incumbent Jair Bolsonaro […]
Corruption
Prem Sikka: There’s a grimly familiar Story behind Thomas Cook’s Collapse
The holiday provider’s collapse highlights corporate governance and regulatory failures while the gravy train for directors continued. Read here
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