As the German economy reverts to a slow and steady growth trend after a short-lived boom, it can rely on an unusual resource that helps to protect it from declines: A bigger low-paid workforce than even most economists realise. Last week, Markus Grabka and Carsten Schroeder of the German Institute for Economic Research in Berlin reported on this phenomenon. They ...

Heading into an election, India’s enthusiasm for cars and motorbikes has all but evaporated. It’s unlikely to return anytime soon, despite all the grand promises to improve the lives of masses. Passenger car sales, which have been sliding since last summer, fell another 6 percent last month while those for motorbikes – the larger and more profitable market – collapsed ...

It could have all been so different. Debenhams Plc, is expected to be taken over by its lenders in a restructuring after they rejected a 200 million-pound ($261.6 million) lifeline from Sports Direct International Plc. The equity, including the 30 percent stake held by the sportswear retailer, will be wiped out. The shares were suspended early on Tuesday. After operating ...