For anyone who has visited a hip, chalk-boarded coffee shop in the nation’s capital in recent years, the high number of Aussies in Berlin may not come as a surprise. But the Australian presence in Germany is not limited to the bearded baristas of Berlin. Every one of Germany’s 16 states has at least a few Aussie residents, with seemingly plenty of Australians content to swap the sun, surf and sea for the land of sauerkraut and sausage. Getting an insight into how many Australians live in various European countries has been difficult, primarily due to the ad hoc registration system that exists - or doesn't exist - in different countries. But Germany’s Anmeldung (registration) system and the country’s propensity for record keeping has made it easy to find out how many Australians reside in Germany - and where they live. Plenty of expats from English-speaking countries call Germany home. Australia’s 13,500 international residents, … [Read more...] about Australians in Germany: How many are there and where do they live?
Jonathan Garber, provided by Published 5:51 am CST, Thursday, February 7, 2019 AP/Mark Schiefelbein Here is what you need to know. American business leaders reveal the things they are most worried about this year. UBS surveyed 500 CEOs and CFOs of American companies and found that rising costs were top of mind. Germany is drawing closer to a recession. Industrial output unexpectedly fell 0.4% in December, according to the federal statistics authority Destatis, short of the 0.3% increase that was expected. New Zealand's unemployment spikes sharply. The unemployment rate jumped to 4.3% in the December quarter, from an upwardly revised 4% in the prior three months, data released Thursday by Statistics New Zealand showed. A $280 billion investment chief explains how low inflation will help set up the next stock-market spike. Katie Nixon, the chief investment officer for Northern Trust Wealth Management, says factors including technology and aging populations are keeping … [Read more...] about 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AAPL, MSFT, BBT, STI, CMG)
Global stock markets are broadly lower Thursday as ongoing trade tensions, poor industrial data out of Germany, and an upcoming policy announcement from the Bank of England influence stocks. Moves so far are small, with Europe’s biggest faller on the day losing just 0.3% as of 9.15 a.m. in London (4.15 a.m. in New York), just over an hour after markets opened. Markets in Asia largely remain closed after the Chinese New Year. Chinese, Hong Kong, and Taiwan stocks are all still closed. Global stock markets are broadly lower Thursday as ongoing trade tensions, poor industrial data out of Germany, and an upcoming policy announcement from the Bank of England influence stocks ahead of the weekend. While markets in Asia largely remain closed after the Chinese New Year, virtually all European stock markets have lost at least some ground Thursday, while futures markets point to falls for all three major US stock indexes later in the day. Moves so far are small, with Europe’s … [Read more...] about Global stocks slide as Germany’s economy draws closer to a recession
NEW YORK -- Europe's stock markets struggled to find direction Wednesday as investors digested downbeat German economic data following an uneventful State of the Union address by US President Donald Trump. Frankfurt dropped 0.3 percent as official figures showed that industrial orders in Germany fell back in December, the latest sign of a slowdown in Europe's largest economy. London stocks slipped by 0.1 percent meanwhile, with online supermarket Ocado hit by a warehouse fire, and lingering concerns over Britain leaving the European Union without a deal next month. Paris also declined, along with Wall Street, which finished a quiet session modestly down. German statistics office Destatis said factory orders were down by 1.6 percent in December from the previous month. But there was some brighter news in the data as well. Excluding volatile large orders for items like aircraft there was a 3.5 percent increase in new business. Consumer goods firms booked a rebound after two … [Read more...] about Global stocks struggle after gloomy German data
Inflation in Germany eased sharply in December, according to preliminary data published Friday, marking a second month of slowing price gains. Consumer prices rose 1.7 percent year-on-year, said federal statistics authority Destatis in a statement. This was markedly weaker than the 2.0 percent predicted by analysts and the 2.3 percent posted in November. December's slowdown in price gains was down mainly to smaller bumps in energy and food prices. Energy prices had climbed 4.8 percent in December compared to a leap of 9.3 percent in November. And food prices rose just 1.0 percent, easing further from the 1.4 percent recorded in November. In comparison, growth in rental prices held steady at 1.5 percent. The data came after the European Central Bank announced the end of its "quantitative easing" programme that has seen it pump 2.6 trillion euros into the eurozone economy to stoke growth and inflation. The ECB originally began buying … [Read more...] about German inflation slows in December