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Danish joblessness rate falls to lowest level in 14 years

  Bloomberg Denmark’s unemployment rate plunged to the lowest level in 14 years, adding to concerns of overheating in the Nordic country that’s emerging from the coronavirus pandemic as one of economic winners. The gross rate declined to 2.5% in December from 2.8% a month before, falling for the first time to the level it was before the 2008 financial ...

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Bentley to invest $3.4 billion into UK operations in EV shift

  Bloomberg Bentley Motors Ltd. will build its first fully electric car in the UK, part of a 2.5-billion pound ($3.4 billion) spending push to overhaul manufacturing and ditch its roaring 12-cylinder combustion engines. The investment over the next decade will modernise Bentley’s factory in Crewe, England, the Volkswagen AG brand said. The decision is a boon to the site’s ...

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Euro area GDP grows modestly in Q4

  Bloomberg The euro-area economy grew modestly in the fourth quarter amid another wave of surging coronavirus infections and curbs on activity. Gross domestic product (GDP) rises 0.3%, slightly less than predicted, after a sharp contraction in output left Germany on the brink of recession. Meanwhile, a ramp-up in investment contributed to stronger-than-expected growth in France and Spain. Italy reported ...

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