6 d. ago The majority of unemployed people in Germany have a 'migration background', shock report shows

Of 2.8 million unemployed people in Germany, 1.5 million - 54 per cent - have a 'migration background', according to a report by the federal employment agency seen by the Bild newspaper.

Events

2 w. ago US consumer confidence hit by tariff fears; Thames Water’s finance chief leaving within days – business live

Rolling coverage of the latest economic and financial newsOver in Germany, the number of people out of work has risen at the fastest rate since October of 2024.The German labour office said the number of unemployed increased by 26,000 in seasonally adjusted terms to 2.92 million. Analysts polled by Reuters had expected that figure to rise by 10,000.“March marks the start of the so-called spring recovery on the labour market. This year, however, the economic slump is noticeably slowing it down.”One bright spot was the impressive 1.9% q/q (CE forecast 0.7% q/q) rise in consumers’ real incomes in Q4. The 4.2% rise in 2024 as a whole suggests households experienced the strongest real income growth in nine years.With consumer spending hardly rising, at 12.0% in Q4 (up from 10.3% in Q3), the saving rate remains unusually high, suggesting households are choosing to save rather than spend the bulk of those gains. Continue reading...

Economics

2 w. ago Tariff uncertainty risks ‘significant economic damage’; Thames Water’s finance chief leaving within days – business live

Rolling coverage of the latest economic and financial newsOver in Germany, the number of people out of work has risen at the fastest rate since October of 2024.The German labour office said the number of unemployed increased by 26,000 in seasonally adjusted terms to 2.92 million. Analysts polled by Reuters had expected that figure to rise by 10,000.“March marks the start of the so-called spring recovery on the labour market. This year, however, the economic slump is noticeably slowing it down.”One bright spot was the impressive 1.9% q/q (CE forecast 0.7% q/q) rise in consumers’ real incomes in Q4. The 4.2% rise in 2024 as a whole suggests households experienced the strongest real income growth in nine years.With consumer spending hardly rising, at 12.0% in Q4 (up from 10.3% in Q3), the saving rate remains unusually high, suggesting households are choosing to save rather than spend the bulk of those gains. Continue reading...

Economics

2 w. ago China’s Xi urges global CEOs to protect trade supply chains; UK’s 2024 growth revised higher, but households hoard cash – business live

Rolling coverage of the latest economic and financial newsOver in Germany, the number of people out of work has risen at the fastest rate since October of 2024.The German labour office said the number of unemployed increased by 26,000 in seasonally adjusted terms to 2.92 million. Analysts polled by Reuters had expected that figure to rise by 10,000.“March marks the start of the so-called spring recovery on the labour market. This year, however, the economic slump is noticeably slowing it down.”One bright spot was the impressive 1.9% q/q (CE forecast 0.7% q/q) rise in consumers’ real incomes in Q4. The 4.2% rise in 2024 as a whole suggests households experienced the strongest real income growth in nine years.With consumer spending hardly rising, at 12.0% in Q4 (up from 10.3% in Q3), the saving rate remains unusually high, suggesting households are choosing to save rather than spend the bulk of those gains. Continue reading...

Economics

3 w. ago Ukraine war briefing: Two people killed as Russia pounds Zaporizhzhia

South-eastern Ukrainian city struck more than 10 times, while three people die in attacks on Sumy and Donetsk; Germany approves €3bn in new military aid for Ukraine. What we know on day 1,123See all our Ukraine war coverageRussian attacks killed two people in Ukraine’s south-eastern city of Zaporizhzhia late on Friday. The Zaporizhzhia regional governor, Ivan Fedorov, said on Telegram the city had been struck more than 10 times, killing two people and injuring nine. The injured included a nine-month-old infant and a woman in serious condition. Pictures posted online showed rescue teams sifting through rubble and apartment blocks and homes with windows and facades badly damaged. Fires burned amid piles of rubble.Two people were reported killed in the Sumy region, on Ukraine’s northern border with Russia, after Russian forces dropped at least six guided bombs on the village of Krasnopillia, while in the eastern Donetsk region, Russia dropped three bombs on the town of Kostiantynivka, ...

Events

3 w. ago Dental MAYHEM: A quarter of Brits who can't get a dentist appointment resort to 'using pliers' or 'Turkey teeth', shock report finds

Health leaders urged the Government to 'pick up pace and keep its promises' on NHS dentistry, to avoid patients 'reaching for pliers or cheap flights'.

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