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Germans reluctant to open wallets despite easing inflation
Germans reluctant to open wallets despite easing inflation
Economy
by  AFP

The cost-of-living crisis may be easing in Germany but that has not sparked a shopping frenzy just yet in a country where, as a recent survey suggests, people fear inflation more than war. A recent survey by an army research centre showed German consumers fear rising prices more than a war between the West and Russia.

ECB expected to hold rates as more Trump tariffs loom
ECB expected to hold rates as more Trump tariffs loom
Economy
by  AFP

The European Central Bank looks set to keep interest rates unchanged on Thursday while the introduction of higher US tariffs threatened by US President Donald Trump hangs in the balance. But the relatively more favourable monetary policy conditions look fragile with an August 1 deadline for the possible imposition of punitive tariffs on European exports into the United States set by Trump.

Trump set to visit Scotland for trade talks, and some golf
Trump set to visit Scotland for trade talks, and some golf
Economy
by  AFP

US President Donald Trump will head to Scotland on Friday for a visit melding diplomacy and golf, a sport that is both his favorite pastime and of financial interest to his family. The visit is yet another example of how Trump has blurred the line between his official duties as president and promoting the family business since returning to power in January.

Australia lifts trade barriers on US beef
Australia lifts trade barriers on US beef
Economy
by  AFP

Australia said Thursday it would lift trade barriers on beef from the United States, removing a major point of friction between Canberra and the Trump administration. Threatened with 10 percent tariffs on beef shipped to the United States, one of its largest red meat markets, Australia has now dropped these barriers.