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Germany factory output lowest since pandemic in 2020
Germany factory output lowest since pandemic in 2020
Business and Economy
by  AFP

German industrial production slumped to its lowest level in June since the pandemic in 2020, data showed Thursday, underlining the fragility of Europe's top economy even before higher US tariffs kicked in. Data released Thursday also showed that German exports in June to the United States -- the country's biggest trading partner -- fell 2.1 percent, after having registered a steep decline in May.

Swiss reel from 'horror scenario' after US tariff blow
Swiss reel from 'horror scenario' after US tariff blow
Business and Economy
by  AFP

Switzerland scrambled for answers Thursday after a last-gasp government mission to Washington failed to stop a 39-percent tariff blow from President Donald Trump, sparking job fears in what businesses called a "horror scenario". "The horror scenario materializes," Swissmem, the association of the mechanical and electrical engineering industry, said in a statement.