German business climate index improves amid uptick in expectations

German business climate index improves amid uptick in expectations

BERLIN (DPA, CONVERSEER) – Business sentiment in Germany improved in October, a leading economic institute said on Monday. The ifo Institute’s business climate index rose by 0.7 points to 88.4 points, beating expectations. While the 9,000 companies surveyed reported a downturn in their current economic situation, their assessment of future expectations rose significantly. “Companies remain…

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Germany plays down China spat after foreign minister’s trip cancelled

Germany plays down China spat after foreign minister’s trip cancelled

BEIJING (DPA, CONVERSEER) – The German government does not expect the postponement of Foreign Minister Johann Wadephul’s trip to Beijing to have any major impact on cooperation with China. Deputy government spokesman Steffen Meyer said on Monday that he did not see “the postponement as having any major impact on the German government’s future policy.”…

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