Articles by DPA
Eurozone retail sales decline
Eurozone retail sales fell in May. Turnover dropped by 0.7 percent month-on-month, the European statistics office Eurostat announced on Monday in Luxembourg. Economists had forecast a decline of 0.6 percent. However, turnover had risen by an upwardly revised 0.3 percent in April. Initially, an increase of 0.1 percent had been recorded. Compared...
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Eurozone inflation marginally rises to 2 percent
Eurozone inflation rose slightly in June. The annual inflation rate rose to 2.0 percent, the Eurostat statistics office announced in Luxembourg on Tuesday, according to an initial estimate. In May, the inflation rate had fallen to 1.9 percent. Economists had, on average, expected this slight increase. Inflation in the Eurozone is thus in line...
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Work begins on 'The Devil Wears Prada 2'
Almost 20 years after the release of the comedy "The Devil Wears Prada", work has begun on the sequel. "The Devil Wears Prada 2 - now in production," 20th Century Studios wrote on Instagram. Anne Hathaway and Stanley Tucci, stars of the 2006 hit film, shared the post, while Meryl Streep and Emily Blunt are also returning for the new film,...
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Nike shares up, Adidas and Puma rise too
The US stock market reacted positively to Nike, which also gave the shares of the two German competitors Adidas and Puma a boost on Friday. Nike’s shares rose by almost 10 percent in pre-market trading in the US. In regular trading, this would mean the highest level in more than three months. Adidas’ shares rose by 3.8 percent to 199.40 euros,...
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US makes new offer to EU in tariff dispute
In the trade dispute with the EU, the US submitted a new offer. The European Commission confirmed on Thursday that it had received a relevant US document. It was being reviewed, Commission President Ursula von der Leyen said on Thursday night after an EU summit. "We are ready for an agreement. At the same time, we are preparing for the...
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EU member states aim to significantly dilute supply chain act
EU member states sought to significantly dilute the European Supply Chain Act. A majority of countries voted to apply the human rights protection law only to companies with more than 5,000 employees, instead of the previous threshold of 1,000, the member states announced. In addition, the turnover threshold was to be raised from 450 million...
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EU Commission plans to withdraw greenwashing law
The EU Commission planned to halt a legislative proposal on minimum standards against misleading environmental advertising claims. A spokesperson for the authority in Brussels said the Commission intended to withdraw the proposal. The Commission later provided written reasons: "The current discussions surrounding the proposal run counter to the...
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Strong growth in Chinese retail despite US trade dispute
Chinese retail sales increased by 6.4 percent year-on-year in May, despite the ongoing trade dispute with the US. This marked the strongest growth since late 2023, following a 5.1 percent rise in April. Analysts were surprised by this positive development, having forecasted a decline in growth to 4.9 percent. French bank Société Générale...
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China gives no details on tariff agreement with US
China is keeping a low profile following the agreement announced by US President Donald Trump on easing export restrictions in the ongoing trade dispute. Both sides have made new progress in resolving the other side's economic and trade concerns, said Foreign Ministry spokesperson Lin Jian in Beijing. The People's Republic hopes that both sides...
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Amazon launches bargain portal Haul in Germany
German shoppers can now hunt for bargains on Amazon’s new portal, Haul. The new section offers items at particularly low prices, according to the company. "We know that it is important for customers in Germany to find great products at very low prices," Amazon Germany chief executive officer, Rocco Bräuniger, told the German Press Agency. Haul...
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