Germany surprised on Thursday (November 14) with better than expected growth numbers.
Despite contracting in Q2, a 0.1 per cent quarterly rise in Q3 means it has technically swerved recession.
Even if its problems aren't over.
Its mighty car industry: struggling, say analysts, under the weight of new emissions rules ... Its exports: edging up in the quarter - but badly wounded by trade tensions.
And its global partners hurting too.
New data on Thursday shows Japan nearly stalled in Q3 - and China's factory output slowing sharply.
As for the US: it's in the eleventh year of growth, Fed chairman Jerome Powell said on Wednesday (November 13).
But: (SOUNDBITE) (English) FEDERAL RESERVE CHAIRMAN JEROME POWELL, SAYING: "Tariffs, but to an even greater extent uncertainty around future trade policy, is for now... it has been weighing on business sentiment." Global share markets dipped on the data news.
And as a feeling took hold that hopes of a breakthrough in U.S.-China trade talks ... Could be overdone.
Oliver Roth of Seydler Bank.
(SOUNDBITE) (German) HEAD OF SPECIALIST FLOOR EQUITIES AT ODDO SEYDLER BANK, OLIVER ROTH, SAYING: "As we have seen in the past, the mindset of the Chinese and the Americans doesn't really fit together, and always leaves open the possibility for setbacks." On a down day on Germany's DAX, Daimler was the biggest early faller.
The Mercedes-Benz maker says it needs to cut staff costs by at least a billion euros.
Trade and emissions rules both risks to sales, it said - along with Brexit.
The number of COVID-19 infections in Germany surpassed the one million mark and the daily death toll hit a record of 426, data from the Robert Koch Institute for infectious diseases showed on Friday. Emer McCarthy reports.
President-elect Joe Biden is planning to nominate Janet Yellen to head the Treasury Department. Business Insider reports if the US Senate confirms Yellen, she will be the first woman to hold the job. Yellen served as Fed Chair during President Barack Obama's second term, from 2014 to 2017. President Donald Trump replaced her with Jerome Powell as head of the Fed.
U.S. employers hired the fewest workers in five months in October, offering the clearest evidence yet that the end of fiscal stimulus and exploding new COVID-19 infections were sapping momentum from the economic recovery, but the jobless rate fell as well. Conway G. Gittens reports.
[NFA] U.S. House of Representatives Speaker Nancy Pelosi on Thursday said legislation to help airline companies survive the fallout could only move through Congress with guarantees that lawmakers will work on a more comprehensive aid bill to help the unemployed, small businesses and revenue-depleted state and local governments. Conway G. Gittens reports.
[NFA] President-elect Joe Biden named several women to his top economic policy team on Monday, including former Federal Reserve Chair Janet Yellen as Treasury secretary nominee, setting the stage for diversity and a focus on recovery from the pandemic. Gavino Garay reports.
Massachusetts senator and failed Presidential candidate Elizabeth Warren lobbied Joe Biden to become his treasury secretary. In a humiliating snub heard around the political world Biden chose former FED chair Janet Yellen over Warren as his Treasury Secretary. Chris Cillizza of CNN said there are several reasons Warren will never be America's Treasury Secretary. Warren in the Cabinet would allow Mass. GOP Gov. Charlie Baker to appoint a temporary replacement for her in the Senate.
On Tuesday, global stocks jumped after Donald Trump authorized President-elect Joe Biden's presidential transition process to begin. On Monday, Trump took a significant step toward acknowledging the election result. However, Business Insider reports, he is still convinced he and his allies can continue to contest the outcome. Another key factor driving the boost is Biden's planned nomination for former Federal Reserve chair Janet Yellen as Treasury Secretary.
U.S. stocks started the week on an upswing after another drug company posted positive clinical trial results for a COVID-19 vaccine and reports surfaced that President-Elect Joe Biden plans to nominate former Federal Reserve Chairman Janet Yellen to be the next Treasury secretary. Conway G. Gittens reports.
Former Formula One driver Damon Hill has described Lewis Hamilton as "a great champion" and "the best of all time" following the Mercedes driver's record-equalling seventh World Championship. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Actor Ranveer Singh was spotted out and about in Mumbai on Thursday. As paparazzi surrounded him and his car for photos, they also witnessed a minor accident. A video shows Ranveer getting out of his Mercedes car to inspect what had happened. Turned out, a motorbike had brushed past Ranveer's car, scratching it. The actor simply checked the damages and went back to his car. Ranveer was later seen at Yash Raj Films' studios. On the work front, Ranveer will next be seen in the sports-drama '83'. Directed by Kabir Khan, the film is based on Indian cricket team's win at the 1983 World Cup.
Credit: HT Digital Content Duration: 01:54Published
A first mate who found love with her captain on board a yacht on the high seashave told how they swapped their cabin for life in a converted Mercedes van -slashing their monthly outgoings to just £250. Anchored in Tahiti, FrenchPolynesia, when global lockdowns were imposed in March, Maggie Kerr, 28, andAnna Strang, 30, had a "nightmare in paradise" as they waited forinternational flights to be reinstated, so they could return to the UK.
Credit: PA - Press Association STUDIO Duration: 01:49Published
Warning: Graphic footage A driver is facing jail after being convicted ofdeliberately mowing down an armed police officer in his Mercedes. Aydin Altun,26, was facing arrest at gunpoint in Tottenham on October 29 last year when heploughed his vehicle into Pc Lewis Crowder.
Credit: PA - Press Association STUDIO Duration: 00:39Published
Nicola Sturgeon has sent a message of unity to countries in the European Union(EU) as Brexit looms. The UK is scheduled to leave the EU at the end of nextmonth, following the end of the transition period.
Credit: PA - Press Association STUDIO Duration: 00:42Published
Crunch talks aimed at securing a post-Brexit trade deal between the EuropeanUnion and UK will resume on Monday in what could be the final week ofdiscussions. The EU’s chief negotiator, Michel Barnier, was meetingcounterpart Lord (David) Frost in London as they seek to hammer out anagreement.
Credit: PA - Press Association STUDIO Duration: 00:39Published