Frankfurt / AFP Global uncertainties will shave around 0.1 percentage point off growth in Germany this year, but Europe’s economic powerhouse remains in a moderate uptrend, an expert panel said on Wednesday. The German Council of Economic Experts, known as the five “wise men”, said it is forecasting gross domestic product (GDP) growth of 1.5 percent this year — fractionally ...

Bloomberg London’s finance industry would “flourish mightily” if Britain votes to leave the European Union in the referendum on June 23, London Mayor Boris Johnson told lawmakers. Citing discussions with unidentified senior bankers, Johnson, a leading opponent of Prime Minister David Cameron’s campaign to keep the U.K. in the 28-nation bloc, said support for staying in the EU is “shallow” ...

Bloomberg Chancellor Angela Merkel is poised to back increases in German spending on defense and infrastructure in a budget plan that seeks to address global risks and the refugee crisis that’s her biggest domestic challenge. The blueprint, set for approval by Merkel’s Cabinet, foresees a 2.7 percent increase in spending next year and balanced federal budgets through 2020, according to ...