Defence boom lifts German factory orders

Factory orders in long-struggling Germany unexpectedly posted a sharp jump in November, boosted by higher demand for defence equipment as Europe rushes to rearm, official data showed on Thursday. New orders increased 5.6% month-on-month, according to preliminary figures from statistics agency Destatis, the third straight monthly increase. Analysts surveyed by the financial data firm FactSet […]

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German president accuses Trump of destroying world order

On The Ground newsletter: Get a weekly dispatch from our international correspondents Get a weekly dispatch from our international correspondents Get a weekly international news dispatch German President Frank-Walter Steinmeier has urged world leaders not to let the world order disintegrate into a “den of robbers” where the unscrupulous take what they want. In unusually […]

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EU to loan Jordan €500m at first summit

The EU plans to unlock €500 million in loans to the Kingdom of Jordan at a summit in Amman today, according to documents seen by Euractiv. The bloc’s main leadership duo, Commission President Ursula von der Leyen and European Council President António Costa, are meeting Jordan’s King Abdullah II in Amman for what they are […]

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Brussels upholds global cooperation as US withdraws from top UN climate body

America’s withdrawal from the United Nations Framework Convention on Climate Change (UNFCCC), the top international body to study and counter the climate crisis, is “regrettable and unfortunate”, the EU’s climate commissioner Wopke Hoekstra said on Thursday. President Donald Trump pulled the US – the world’s second-largest greenhouse gas emitter after China – out of the […]

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Eurozone inflation slows to 2% in December

Eurozone inflation eased in December, official data showed on Wednesday, thanks to a faster decline in energy costs. Consumer price increases fell to 2.0% last month – in line with the European Central Bank’s target – from 2.1% in November. The December reading was also in line with forecasts of analysts surveyed by Bloomberg and […]

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