Germany and France Show Signs of Economic Recovery
As per recent reports, it has been revealed that Germany has been showing signs of healthy growth. It was said so, as the German gross domestic product has improved more than the expected level.
Moreover, it was later found country's GDP has increased by 0.2% in contrast to predicted growth of 0.2%. In addition, it has been revealed that France has also been recovering well, as its economy increased at 0.2%.
Experts affirmed that it was not at all expected from France that its economy will expand. Though both the news was great, they were not able to save European Union from slipping into recession. It was found that the EU's economy contracted by 0.1%.
Joerg Kraemer, who is positioned as Chief economist at Commerzbank AG, which is in Frankfurt, said that they are happy that economy of Germany has been recovering well. It would not be wrong to say that Germany has given positive news with regard to economy after a long time, said Kraemer. "This was probably the last reasonably solid quarterly figure from Germany for a while", he continued.
The statistics office has announced that they will come up with a detailed report about GDP of third quarter on Nov 23.
Fashion major Michael Kors has agreed to acquire Jimmy Choo for $1.2 billion. New York-based Michael Kors will be able to diversify its portfolio by acquiring UK-based Jimmy Choo, a brand having strong sales in luxury segment.
Samsung is yet to officially unveil its next-generation flagship Galaxy Note 8 smartphone, but KGI Securities analyst Ming-Chi Kuo has already revealed some key details of the upcoming device’s dual camera setup.
Some employees of a tech firm in Wisconsin will soon be able to open doors, unlock office equipment, log into computers and even make in-house purchases with just a swipe of the hand.
The International Monetary Fund (IMF) has predicted US and UK economies will experience weaker-than-expected activity and expand more slowly this year than previously predicted.
The European Commission has confirmed that EU antitrust regulators are probing allegations of a cartel among a group of German carmakers, in an action that could result in bulky penalties for the companies.
Tesla Motors’ long-awaited Model 3 will be a “major test” for the Palo Alto-based electric car giant, according to industry analysts.