Germany needs both structural reforms and more investment in public infrastructure to overcome recession, the European head of the International Monetary Fund said in an interview with Sueddeutsche Zeitung.
The dollar has been boosted of late by a series of economic data releases pointing to the underlying strength of the U.S. economy, resulting in investors pencilling in a slower pace of interest rates from the Federal Reserve than had previously been seen likely.
Gold prices rose in Asian trade on Tuesday, coming close to record highs as the run-up to the 2024 presidential election and uncertainty before upcoming data prints kept safe haven demand in play.
The world’s largest cryptocurrency was boosted largely by growing speculation that Donald Trump will beat Kamala Harris in the upcoming election, with voting set to take place on November 5.
German airline group Lufthansa reported on Tuesday a year-on-year fall in its operating profit in the third quarter, as its flagship brand struggles with low yields, competition with international airlines and spiralling costs.
