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Global factory slump from Ireland to Japan reflects strain of rate increases on demand

The downturn highlighted the dilemma for policymakers who embarked on aggressive rate hikes in a battle to keep inflation at bay, and yet also need to try and forestall potential recessions ....

Place Germany , Place Japan , Place Ireland , Place Uk , Organisation Aib , Organisation Sp Global , Organisation Eu ,

German wages 'not to blame for inflation last year'

Ifo estimated that wages accounted for 0.6 percentage point to inflation, meaning a wage-price spiral has so far failed to materialise ....

European Central Bank , Place Europe , Place Germany , Organisation Ifo Institute , Organisation European Central Bank ,

Novo Nordisk launches popular weight-loss drug Wegovy in Germany

The Danish drugmaker s share price has more than doubled in the two years since the drug debuted, turning Novo into Europe s second-most-valuable listed company after Louis Vuitton. ....

Novo Nordisk , Place Germany , Organisation Novo Nordisk ,

Volkswagen pares sales outlook and seeks 'fresh start' with EV deal

The carmaker said it will aim to improve its cash flow in the second half as it hikes prices and cuts costs, even after it lowered its 2023 outlook for deliveries. ....

Car Sales , Place China , Place Germany , Organisation Volkswagen , Organisation Xpeng ,