Bloomberg German business confidence extended its decline, falling to the weakest level in almost seven years, as a deepening manufacturing slump put Europe’s largest economy on the brink of recession. Germany’s export-centered economy is struggling as global trade tensions worsen. GDP contracted in the second quarter and the Bundesbank predicts it could shrink again in the third, and the US-China ...

Bloomberg The US and Japan agreed in principle on a trade deal that would slash Tokyo’s tariffs on American beef, and other agricultural products, while delaying for now the threat of additional levies on Japanese auto exports to the US. US President Donald Trump and Japanese Prime Minister Shinzo Abe announced the agreement on Sunday on the sidelines of the ...

Bloomberg In its search for a potential factory location in Europe, Tesla Inc. examined areas in Germany’s state of North Rhine-Westphalia, Rheinische Post reported. Tesla representatives also inspected possible sites in Lower Saxony, newspaper NWZ reported earlier in the week. In June, CEO Elon Musk called Germany “a leading choice for Europe” in a reply to a tweet asking if ...