Bloomberg Germany’s economy shrank in the second quarter, ramping up pressure on Chancellor Angela Merkel to unleash fiscal stimulus as manufacturers reel from a US-China trade war. The latest report, paired with a protracted slump in business expectations, raises the risk that Europe’s largest economy is on the verge of falling into a recession. It would be the first in ...

Bloomberg A plan to build the world’s longest undersea rail tunnel has hit its first snag. Financing of 15 billion euros ($16.8 billion) was agreed this year for the tunnel to link Finland and Estonia. But the Baltic nation of 1.3 million people wants more details on that funding, the business plan behind the idea and Finland’s role before giving ...

Bloomberg UK wages rose at their fastest pace in 11 years in three months through June and employment climbed to a record high. The stronger-than-forecast figures from the Office for National Statistics suggest the labour market remains tight, meaning the Bank of England is unlikely to join the global rate-cutting trend, at least for now. However, unemployment rate rose as ...