Economy

Economy Latest News

Germany's Merz vows 'autumn of reforms' in turbulent times
Germany's Merz vows 'autumn of reforms' in turbulent times
by  AFP

Germany will need sweeping change to remain free and prosperous, Chancellor Friedrich Merz warned Wednesday, calling on the country to unite in the face of Russian aggression, economic woes and rising extremism. Public concern about immigration has meanwhile fuelled the rise of the far-right Alternative for Germany (AfD), stoked by a series of attacks carried out by migrants.

EU says India's Russian oil purchases, military drills hinder closer ties
EU says India's Russian oil purchases, military drills hinder closer ties
by  AFP

India's participation in military exercises with Moscow and its purchases of Russian oil "stand in the way of closer ties" with the EU, the bloc's top diplomat Kaja Kallas said on Wednesday. "Participating in military exercises, purchases of oil -- all these are obstacles to our cooperation when it comes to deepening the ties," Kallas said.

Ben & Jerry's co-founder quits, says independence 'gone'
Ben & Jerry's co-founder quits, says independence 'gone'
by  AFP

The co-founder of Ben & Jerry's has resigned from the ice cream brand after saying his company know for its social activism has lost "the independence to pursue our values" under the ownership of British giant Unilever.

UK inflation stable ahead of central bank rate call
UK inflation stable ahead of central bank rate call
by  AFP

British inflation was unchanged in August, official data showed Wednesday, fuelling expectations that the Bank of England will not cut interest rates again at its meeting this week. The BoE trimmed borrowing costs in August to four percent, its lowest level in 2.5 years, but is widely expected to maintain its key interest rate on Thursday and for the remainder of 2025.

Lower shipments to US, China weigh on Singapore August exports
Lower shipments to US, China weigh on Singapore August exports
by  AFP

Singapore's exports slid again in August according to official figures out Wednesday, as shipments to its biggest markets -- the US and China -- keep dropping. Singapore's non-oil domestic exports shrank by 11.3 percent August 2025, faster than the revised 4.7 percent fall in July 2025, the government's Enterprise Singapore body said.