Economy

Economy Latest News

German industry sounds alarm as government cuts growth forecast
German industry sounds alarm as government cuts growth forecast
by  AFP

The German government on Wednesday slashed its growth forecasts for 2025 as industry leaders sent dire warnings over the country's economic health and staged nationwide protests to urge reforms. The lack of clarity over the shape of the next government and the country's economic policy were discouraging investments and "delaying the recovery", he said.

Upstart DeepSeek faces heightened scrutiny as AI wows
Upstart DeepSeek faces heightened scrutiny as AI wows
by  AFP

With around six million dollars and a stockpile of chips acquired before Washington banned their export to China, startup DeepSeek has produced what Chinese tech titans couldn't -- a world-class AI chatbot.

Spanish economy shines in 2024 with 3.2% growth
Spanish economy shines in 2024 with 3.2% growth
by  AFP

The Spanish economy expanded 3.2 percent last year thanks to buoyant exports and consumption that have made it one of the fastest-growing developed countries, official data showed on Wednesday. Exports in the European Union's fourth-largest economy grew three percent year-on-year in the final quarter of 2024 and household consumption increased 3.7 percent.