Bloomberg German unemployment unexpectedly rose for the first time in almost two years as the economic slowdown finally started to take a toll on the labour market. The number of people out of work unexpectedly climbed by 60,000 in May, compared with economists’ forecasts for a decline of 8,000. The jobless rate also rose, to 5 percent from a record-low ...

Bloomberg The Environmental Protection Agency is poised to jettison proposed trading rest- rictions on a $5.2 billion market for biofuel compliance credits in a coming rule, casting aside changes sought by independent refiners complaining of hoarding and wild price swings. The EPA’s shift comes as the agency races to meet a May 31 rulemaking deadline amid pressure from large oil ...

Bloomberg For an eagerly-anticipated decision on who will lead the European Union’s institutions, investors will need to tune in at the end of June for clarity. EU leaders gathered after the continent-wide ballot and differences were immediately apparent between key players German Chancellor Angela Merkel and French President Emmanuel Macron. Together they have a lot riding on who will run ...