Bloomberg German unemployment fell to a fresh record low as companies in Europe’s largest economy stepped up hiring to work through backlogs even amid signs of slowing growth. The jobless rate dropped to 5.2% in May, Federal Labor Agency in Nuremberg said on Wednesday. The number of people out of work fell by a seasonally adjusted 11,000 to 2.358 million, ...

Bloomberg Tensions are rising between the US and China ahead of Asia’s biggest security conference this week, even as the two powers push for peace on the Korean Peninsula. Defense Secretary James Mattis said while en route to the annual IISS Shangri-La Dialogue in Singapore that he was planning to raise US concerns about China’s recent moves to “militarise” the ...

Bloomberg India and Pakistan agreed to abide by a 15-year-old ceasefire agreement after years of sporadic firing across the disputed border in Kashmir, a move which signals a potential thawing in deteriorating relations between the arch-rivals. The nuclear-armed nations agreed to put an end to ongoing border fighting and to fully implement the ceasefire understanding of 2003, India and Pakistan’s ...