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Export slump pushes German economy to brink of recession

Bloomberg A collapse in exports pushed Europe’s largest economy to the brink of recession in the second quarter. In a sign that an increasingly hostile trade war between the US and China is at least partially to blame for Germany’s deepening manufacturing malaise, shipments abroad declined 1.3%, the most in more than six years. That led to a contraction in ...

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Tropical storm Dorian could clip Puerto Rico

Bloomberg Tropical Storm Dorian is gaining strength as it approaches the Lesser Antilles and is forecast to skirt Puerto Rico as a weak hurricane. The storm was about 30 miles (50 kilometers) east-southeast of Barbados as of 8 pm New York time. With maximum sustained winds of 60 miles per hour, Dorian is expected to drop 3 to 8 inches ...

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With $56b loan in danger, IMF officials fly to Argentina

Bloomberg The International Monetary Fund’s (IMF) record loan to Argentina last year was supposed to turn the page on a troubled history. It’s looking more like a case of déjà vu. Less than two decades ago, Argentina crashed out of an IMF program, defaulted on debt and plunged into depression. As Fund officials arrived in Buenos Aires to assess the ...

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