Global Insight News
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Euro-area exports increased for a third month in March as the currency bloc’s four largest economies all shipped more goods, adding to signs the region is beginning to emerge from a record-long recession.
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The euro-area economy shrank more than economists forecast in the three months through March, extending a recession to a record sixth quarter and increasing pressure on the currency bloc’s leaders to spur growth.
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Bulgaria’s Socialist Party, which placed second in May 12 early elections, has an opportunity to return to power after four years as the winning Gerb party struggles to find allies willing to join the next government.
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Volkswagen AG’s Audi posted the fastest pace of sales growth among German luxury marques in China last month after it sold more sport-utility vehicles.
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Retail sales probably fell in April for a second consecutive month and manufacturing stalled, indicating the world’s largest economy is cooling, economists said before reports this week.
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Four years into an expansion, the productivity of American workers has slowed and some economists say there are few signs it will soon rebound.
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Britain’s budget deficit narrowed more than economists forecast in March as capital spending fell, providing a boost for Chancellor of the Exchequer George Osborne as he faces new questions over his economic management.
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The city known as “America’s Athens” prepared to return to life after a terrorist manhunt that immobilized 1.5 million workers and a major center of technology and finance.
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Nicolas Maduro was proclaimed the winner of Venezuela’s disputed presidential election as the opposition called on supporters to press for a recount of the closest vote in 45 years.
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The wife of former Guinea President Lansana Conte is helping the U.S. investigate whether a company controlled by billionaire Beny Steinmetz paid bribes to win an iron-ore deposit, a person with knowledge of the probe said.
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