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Germany’s economic pressure eases over services sector growth

  Bloomberg The squeeze on Germany’s economy eased further at the start of the year as the services sector grew for the first time since June, another sign the country may dodge a recession that many had predicted as a result of Russia’s war in Ukraine. Private-sector activity in the country remained resilient in January, and inflationary pressures continued to ...

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Vodafone sells British HQ and rents part instead

  Bloomberg Vodafone Group Plc sold the headquarters it’s held for decades in Newbury, England, and will rent just over half of the site’s premises back as it downsizes and cuts costs. Iqon Capital agreed to buy the total of seven buildings known as “The Connection” on behalf of Aljazira Capital for an undisclosed figure, it said in a statement ...

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Euro-area business activity shows region could dodge recession

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  Bloomberg The private-sector economy in the euro area unexpectedly returned to growth at the start of 2023, offering further signs the region may avoid a recession and comforting the European Central Bank’s focus on underlying inflation risks. S&P Global’s flash Purchasing Managers’ Index rose to 50.2 in January, better than the 49.8 reading predicted in a Bloomberg survey and ...

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