ECONOMIC NEWS

Economic clouds gather over Germany

Concerns are growing over the strength of Germany's economy - the largest in the eurozone - following the release of more gloomy official figures. Industrial production in April fell by 1.9% compared with the previous month and exports were 0.5% lower than a year...

US inflation picks up in April as spending slows

U.S. consumer prices increased in April, which could allow the Federal Reserve to keep interest rates unchanged for a while.Personal income rose 0.5% in the month after ticking up 0.1% in March.Savings increased to $990.3 billion in April from $963.7 billion in...

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