Bloomberg Canada reported a third weekly decline in consumer confidence amid concerns about a softening economic outlook. The Bloomberg Nanos Canadian Confidence Index, a measure of sentiment based on household polling, falls 1 point to 61.6 last week, bringing it to the lowest level since March. The index is down 3.5 points over the past three weeks, and almost five ...

Bloomberg The euro area economy expanded faster than previously reported in second quarter, bolstered by a surge in consumer spending. Output rises 2.2% in the three months through June, more than the 2% initially estimated by Eurostat. Household consumption was up 3.7%, with government outlays and investment contributing to growth. Since economies across the region reopened after lockdowns, risks to ...

Bloomberg Volkswagen AG plans to set up a venture capital fund with an initial volume of $355 million to invest in decarbonisation projects and start-ups. Carbon capturing is feasible but expensive, and for some new technologies it’s key to broaden operations and being able to scale up, VW CEO Herbert Diess said. “More and more industries are recognising opportunities, and ...