For the second time this year, car giant Volkswagen is forced to issue a profit warning. More similar announcements are to be expected for a crisis-stricken German car industry, according to an analyst.
BusinessThe battery manufacturer Northvolt's cash reserves need to be replenished. Major lenders are meeting today to discuss a new lifeline, according to the news agency Bloomberg. "The situation for the company is serious", writes Jens Söderblom, press chief at Northvolt owner AMF.
BusinessThis week, China's central bank announced a range of stimuli to boost the country's economy. This has caused luxury companies to surge on the stock exchange.
BusinessOne of China's highest governing bodies – the Communist Party's politburo – admits that the country is facing economic "problems".
WorldThe German business climate deteriorates for the fourth month in a row and the decline is greater than feared, according to a monthly index from the analysis institute Ifo. At the same time, leading economic institutes in Germany are lowering their growth forecast for 2024 and 2025.
BusinessChina's central bank has launched a battery of stimulus measures during the night to Tuesday. The measures aim to get the Chinese economy going, so that the target of 5 percent growth can be achieved.
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