1st global welcome to the program europes biggest economy is running out of steam germanys latest growth figures fuel from service that the country could be on its way to a recession the economy contracted 0 point one percent in the recent quarter this after posting lackluster growth in the 1st 3 months of the year and not the end of last year slump has been attribute to a fall in sales of Machine Parts and cars to china uncertainty of bread and a difficult global trade environment should be found in the contract to give an exporter germany would officially be in a recession. Of all sectors its the hitherto invincible industrial sector thats begun to drag on germanys economy for years its been the driving force behind the recovery but no longer german Industrial Production in june 29th teen was 5. 2 percent down on june last year thats the largest reversal since the Global Financial crisis and recession 10 years ago. Exports of also long been a pillar of the economy also a thing of the
Grandmother in west bank on humanitarian grounds. On twitter, the michigan Lawmakers Said silencing me and treating me like a criminal is not what she wants for me. It would kill a piece of me. Israel said today that it will let her visit her family one day after refusing entry along with fellow congresswoman ilhan omar. Trump administration has informed congress it plans to sell f16 fighters worth a billion dollars to taiwan, a move that issue to escalate already high tensions with china. Two u. S. Officials and a congressional aide says the administration have informally notified lawmakers of the proposed sale. The deal would behind the controversial because china loosely opposes all arms sales to taiwan, which it regards as a renegade province. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im ritika gupta. This is bloomberg. Live from bloomberg World Headquarters in new york, i am vonnie quinn
Than expected. That means we have a bit of a risk off move. We had moves from the central bank of new zealand, and overall, new zealand stocks are gaining. There is quite a lot of movement when it comes to commodities and we will have a full roundup of centralbank action and its impact on stocks and commodities. Coming up, we speak to the commerzbank chief Financial Officer. Dont miss that interview live later on bloomberg surveillance. Lets get straight to bloomberg first word news in new york city. Chinas currency policy is staying at the forefront of the trade war. Referenceet todays rate at marginally stronger than seven a dollar. Avowing to keep the Exchange Rate is vowing to keep the Exchange Rate study. Westminster and brussels blame the other for the diplomatic breakdown. Michael gove is in charge of planning for a no deal and says the eu is not bracing for a new agreement. The Prime Minister has made it clear he will not sign a deal that includes the irish backstop from a red
Christiane and im Daniel Prieto in washington heres a look at whats on deck today joyce thing continues to slash jobs as part of its restructuring could there be an eerie pattern on folding nailer a Public Citizen is on hand to sort through whats in store for the banking behavior. In the wake of the constant Terror Threats auto exports from mexico to the states have spite lauren fix the car coach joins us today to break down the boom of cars coming across the border we have packed out i thought lets go and dive right in. A legal fight that could such major global precedence on down to sharing and privacy leads our Global Reports today as the Irish Data Protection Commission takes a case against facebook to the European Court of justice on tuesday the e. C. G. The top court of the European Union began hearing a case that began with revelations that a u. S. Spy agency the National Security agency was compelling facebook and Similar Companies to turn over private data from users in the e.
This is casting around the globe and covering the world of business and finance and impact upon us im christi i. Know in washington here is a look at whats on the today show joyce and then continues to slash jobs as part of its restructuring could there be an eerie pattern unfolding nailer a Public Citizen is on hand to sort through whats in store for the banking behemoth. In the wake of the constant Terror Threats auto exports from mexico to the states have spiked lauren fix the car coach joins us today to break down the boom of cars coming across the border we have packed show today i thought lets go and dive right in. A legal fight that could such major global precedence on down to sharing and privacy leads our global report today as the Irish Data Protection Commission takes a case against facebook to the European Court of justice on tuesday the. The top court of the European Union began hearing a case that began with revelations that a u. S. Spy agency the National Security agency