Turkish president says the move is also aimed at increasing the amount of humanitarian aid entering Gaza
mena3 hours ago
‘The negative picture is heavily influenced by the poor mood among consumers and firms among Germany's European trading partners,’ Ifo said, according to the magazine on Sunday.
Ifo's export climate indicator for Germany, the world's biggest exporter of goods, fell by 0.08 points to minus 1.24 points, the lowest reading since May 1993, the report said.
Behind the bleak outlook was the fact that France, Italy and Spain were teetering on the brink of recession, it added. Some two thirds of exports from Europe's largest economy go to other countries within the 27-nation European Union.
After growing 1.3 percent in the first quarter, German gross domestic product (GDP) shrank by 0.5 percent in the April-June period, and a number of leading economists have said the economy could contract again in the third quarter.
Last week, Ifo said expectations for the global economy were now at their lowest level in nearly 18 years.
Turkish president says the move is also aimed at increasing the amount of humanitarian aid entering Gaza
mena3 hours ago
In another case at the same airport, officials apprehended five foreign nationals who tried to smuggle gold worth Rs.24.4 million
asia3 hours ago
More than 2,000 pro-Palestinian protesters arrested in the past two weeks across the US
americas4 hours ago
Fireballs and Smash tied for the lead in the team event at the $25 million 54 hole tournament
sports4 hours ago
The hosts strengthened their chances of securing a slot in the semifinals with a 70-run victory in Abu Dhabi
sports4 hours ago
The group has a presence in five countries and eyes further geographic expansion, especially in India
markets5 hours ago
The severity of the situation gradually eased from Thursday evening, when it receded in the north and east of the country
weather5 hours ago
Cyclone Hidaya is predicted to cause torrential rain, strong winds and powerful and dangerous waves in the flood-ravaged country
africa5 hours ago