Economy

German Industrial Output Slips in June

 

Germany’s seasonally-adjusted industrial output unpredictably slipped in the month of June as construction and manufacturing caused a short-term blip in the growth spurt of Europe’s leading economy

IMF downgrades growth forecasts for US and UK economies

 

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.

Google Escapes €1.1 Billion Tax Lawsuit against French Tax Authorities

 

Google has received a favorable verdict from French court regarding retrospective tax slapped on the company by French tax authorities.

Moody’s retains Baa2 rating for Bulgaria with Stable Outlook

 

Moody’s Investors Service has maintained Baa2 rating for Bulgaria as the country has reported stable economic activity during the last quarter.

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