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Post Office CEO Nick Read appears before Horizon inquiry; US considers Google breakup in landmark antitrust case – business live
Rolling coverage of the latest economic and financial news
Some good news for the German economy, the biggest in Europe: exports unexpectedly rose in August thanks to strong demand from the UK and US.
Exports increased by 1.3% in August compared with the previous month, according to data from the federal statistics office. Economists had expected a 1% decline. Germany’s foreign trade surplus widened to €22.5bn from €16.9bn in July, boosted by a sharp drop in imports, down by 3.4%.
The second slightly increase in exports in a row is a small glimmer of hope, but no reason to sound the all-clear.
Fundamental improvements are urgently needed in Germany as a business location if the German export engine is to pick up in the long term.
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Business - Financial Times
US weighs Google break-up in landmark antitrust case
Justice department could seek ‘structural remedies’ such as forced product sales after judge’s ruling of illegal monopoly in search6 hours ago - Google -
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