Bloomberg Germany reported its first monthly trade deficit in three decades, as companies faced surging costs for imports and softer demand for their products amid a darker economic outlook. The shortfall in May for Europe’s biggest economy was 1 billion euros ($1 billion), a gap not seen since 1991. Cross-border sales unexpectedly falls by 0.5%, while imports rise 2.7%, ...

  Bloomberg Inflation in Switzerland accelerated to the fastest pace in nearly three decades, hitting 3.4% in June. The pace is up from 2.9% in May, and well above the Swiss National Bank’s 2% target. Based on the European Union-harmonised measure, it was at 3.2%, compared with 8.6% in the surrounding euro area. Russia’s war with Ukraine has been a ...

Bloomberg Tesla Inc may have to raise wages in Germany if it wants to achieve its goal of hiring thousands of additional workers for its factory near Berlin, according to the country’s leading automotive labour union. IG Metall is getting reports from Tesla staff at the Gruenheide site who are complaining about inadequate or unequal wages, the union said. Skilled ...