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The Latest Breaking News from ING

Fortune 500 Europe: How Germany is flirting with long-term irrelevance

Everything that could go wrong has gone wrong for Germany’s economy. How can it turn things around?

Fortune

Clive Myrie apologises to the BBC after failing to declare outside earnings

Presenter made an extra £65,000 from corporate events, which he did not declare

The Independent UK

Presenter Clive Myrie apologises to BBC for failing to declare outside earnings

Reports in The Sunday Times said he failed to declare earnings of at least £65,000 from corporate events over the past 12 months.

Evening Standard

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German economy is ‘stuck in stagnation,’ ING says

“The German economy is back where it was a year ago: the growth laggard of the eurozone with few signs of an imminent improvement.”

Fortune

China's central bank cuts bank reserve rates, pledges other moves to help the economy

The Chinese central bank has reduced the amount of reserves banks are required to keep, among other moves it is rolling out to help revive the slowing economy

The Independent UK

An ‘earthquake’ at Volkswagen – and a crisis for Germany?

The company is seen as crucial not just to local but national wellbeing – and never before have its workers been threatened in their own homeland like this

The Guardian - UK

Stocks Muted Before the Open With U.S. Economic Data in Focus

September S&P 500 E-Mini futures (ESU24) are down -0.10%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.15% this morning as market participants awaited a new round of U.S. economic data, with particular attention on the ADP National Employment figures.

Barchart

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Stocks Muted Before the Open as Investors Await U.S. Economic Data

Barchart

VW slams production into reverse as industry faces battles on all sides

Plan to cut German factories is politically fraught but makes sense economically given Chinese competition, falling demand and CO2 rules

The Guardian - UK

The Three Biggest Retirement Planning Gaps I See Among DIYers

Consulting with a professional, especially when it comes to insurance and taxes, could save you a ton of time and hassle and money.

Kiplinger

Paris Olympics gives eurozone economic boost after rise in spending

French service sector drives growth but experts warn strong figures mask disappointing performance elsewhere

The Guardian - UK

Stocks Muted Before the Open as Investors Await U.S. Economic Data and Fed Speak, Walmart Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are up +0.01%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.15% this morning as investors awaited a flurry of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from retail giant Walmart.

Barchart

Stocks Rise Before the Open as Investors Await U.S. Economic Data and Fed Speak, Walmart Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are up +0.11%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.24% this morning as investors awaited a flurry of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from retail giant Walmart.

Barchart

What’s the Best Age to Buy Long-Term-Care Insurance?

Understandably, you don't want to pay for too long or pay too much, so here's what to consider when you're deciding when to buy long-term care insurance.

Kiplinger

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The Independent UK

Bank of England mulling first interest rate cut since early days of COVID-19 over 4 years ago

Borrowing costs in the U.K. could be cut later for the first time since the onset of the coronavirus pandemic more than four years ago, though economists stressed that the decision is likely to be a close call

Fortune

Oil price surges after assassination of Hamas leader on Iranian soil sparks fears Gaza conflict will engulf Middle East

‘It may get Netanyahu the war he’s been looking for,’ warns foreign policy expert Trita Parsi.

International Business Times

German Economy Unexpectedly Shrinks In Second Quarter

The German economy unexpectedly shrank in the second quarter, preliminary data showed Tuesday, falling further behind as a recovery takes hold elsewhere across the eurozone.

Fortune

How Singapore drives almost a third of U.S. chipmaker Micron's revenue

Almost all of Micron Technology’s NAND memory, which contributed 30% of revenue last quarter, is made in its facilities in Singapore.

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news in one place.

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Evening Standard

Bank of England’s interest rate decision on a knife-edge, economists say

Economists are split over whether the Bank’s policymakers will decide it is the right time to reduce rates on Thursday.

Latin Times

ECB Leaves September Options 'Wide Open' After Rate Pause

The European Central Bank is keeping options "wide open" for September, president Christine Lagarde said, after holding interest rates steady Thursday in the wait for more evidence that inflation was on the right track.

International Business Times

ECB Leaves September Options 'Wide Open' After Rate Pause

International Business Times

Cautious ECB Opts For Summer Rate Pause

The European Central Bank held borrowing costs steady Thursday, giving policymakers more time to assess progress on inflation after last month's first interest rate cut in five years.

International Business Times

China's Leaders Vow To Fight 'Risks' Plaguing Economy

China's leadership vowed Thursday to resolve "risks" plaguing the economy, state media said, but were yet to offer any concrete steps to pull the country out of its financial woes.

Fortune

Deutsche Bank and HSBC are winning Europe’s AI talent war

U.K. banks have expanded their AI talent pools faster than the U.S. and Europe to start 2024.

The Guardian - UK

Eurozone inflation eases but ECB likely to keep interest rates on hold

Consumer prices slip to 2.5% but core rate stays high, prompting little belief in further cuts in borrowing costs

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