Deutsche Bank: Strongest second-quarter post-tax profit on record
Germany’s largest bank, Deutsche Bank, reported on Wednesday its strongest second-quarter post-tax profit on record, driven by strong growth in…
Category: Economics
Volkswagen Group reports net profit fell nearly a third in the first half of 2026
Germany’s automotive giant Volkswagen Group reported on Friday its net profit fell nearly a third in the first half of…
The US is issuing billions in tariff refunds. That won’t unwind the damage to the global trading system
Markus Wagner, University of Wollongong An Australian clothing company, Nashie, recently received a six-figure refund from the US government, including…
Iraq exported over 32 million barrels of crude oil, including condensates, during May
Iraq exported over 32 million barrels of crude oil, including condensates, during May and June, generating revenues exceeding 2.33 billion…
Porsche will cut a further 5,000 jobs in Germany by 2035
Porsche will cut a further 5,000 jobs in Germany by 2035, the German sports carmaker said Monday, marking a second…
Cyprus posts €567m budget surplus in first quarter of 2026
Cyprus recorded a budget surplus of €567.1m for the period January to March 2026, according to figures published by the…
Project Peregrine represents the largest foreign direct investment in Kuwait’s history
Kuwait Petroleum Corporation (KPC) has announced that its subsidiary Kuwait Oil Company (KOC) has signed a 16 billion-U.S.-dollar agreement with…
Cyprus aims to become reliable energy exporter, minister tells Economist forum
Cyprus hopes to emerge as a dependable energy exporter by developing its offshore gas reserves, Energy Minister Michalis Damianos said…
U.S. tariff policy continues to weigh on Germany’s industrial sector
U.S. tariff policy continues to weigh on Germany’s industrial sector, with many manufacturers postponing investment and passing higher costs on…
Cyprus industrial output flat in May as eurozone production slips
Industrial production in Cyprus held steady in May 2026 compared with April, according to Eurostat, marking a pause after a…