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The German economy may be showing signs of a life after more than half a decade of stagnation.
Europe’s largest economy has suffered a series of recent blows, including a surge in energy costs after Russia’s full-scale invasion of Ukraine, higher tariffs on its exports to the U.S and fierce competition from China in key sectors such as automobiles.
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Don Nico Forbes
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BERLIN—Europe is moving to relax some of the world’s tightest digital regulations in a bid to boost growth and reduce its reliance on U.S. tech.
Germany and France on Tuesday backed an effort by the European Union, long seen as a global rulesetter for technology, artificial intelligence and digital services, to loosen regulatory strictures on the fast-growing, U.S.-dominated sectors.
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Bertrand Benoit
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President Trump dispatched a high-level Pentagon delegation to Kyiv for talks Wednesday in the administration’s latest attempt to revive negotiations on halting Russia’s war with Ukraine, according to senior U.S. officials.
Army Secretary Dan Driscoll, along with two four-star Army generals, was scheduled to hold discussions with President Volodymyr Zelensky and other Ukrainian officials, as well as top military and industry representatives, two of the officials said. Driscoll is planning to meet with Russian officials at a later date.
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Lara Seligman
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SHANGHAI—Signs of weakness in China’s economy stretched into October, with one measure of investment notching the sharpest slowdown in years.
Momentum in retail sales and industrial production slowed, while investment and the property market continued to struggle, according to data released Friday by China’s National Bureau of Statistics.
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Hannah Miao
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The U.S. plans to eliminate tariffs on bananas, coffee, beef and certain apparel and textile products under framework agreements with four Latin American nations, a senior administration official told reporters Thursday.
The expected move—which would apply to some goods from Ecuador, Argentina, El Salvador and Guatemala—is part of a shift from the Trump administration to water down some of its so-called reciprocal tariffs in the midst of rising prices for consumers, as well as legal uncertainty after a Supreme Court hearing this month.
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Gavin Bade
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Bessent Says ‘Tenfold’ Growth in Stablecoins Will Lift Demand for Treasurys
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Two years on, Israel’s war in Gaza might be finally drawing to a close. The conflict built an unprecedented arms pipeline from the U.S. to Israel that continues to flow, generating substantial business for big U.S. companies—including Boeing, Northrop Grumman and Caterpillar.
Sales of U.S. weapons to Israel have surged since October 2023, with Washington approving more than $32 billion in armaments, ammunition and other equipment to the Israeli military over that time, according to a Wall Street Journal analysis of State Department disclosures.
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Benoit Faucon
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Gunvor pulled its offer to buy the international assets of sanctioned Russian oil producer Lukoil after the U.S. Treasury Department said it opposed the deal and called the Swiss commodities trader the “Kremlin’s puppet.”
The move signals the Trump administration is taking a hard-line approach in its recently launched effort to use economic pressure on Moscow to end the war in Ukraine.
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Georgi Kantchev
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PARIS—France’s state auditor issued a searing assessment of the Louvre Museum’s finances on Thursday, alleging its management prioritized the acquisition of new artworks over the maintenance and security of its existing collection.
The auditor released its 153-page report after a team of thieves used low-tech methods to break into the museum last month and steal France’s crown jewels, drawing attention to the Louvre’s porous security.
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Noemie Bisserbe
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Retail sales in the eurozone unexpectedly inched lower in September, contrasting with some of the rosier sentiment among consumers in recent months.
Volumes fell back 0.1%, the same rate as in August, statistics agency Eurostat said Thursday. Economists polled by The Wall Street Journal had instead expected a 0.2% increase.
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Ed Frankl
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OTTAWA—Canada said Tuesday it intends to run wider deficits to finance spending and tax measures aimed at unleashing the massive private-sector investments the economy needs to rebuild amid a protectionist U.S.
To offset some of the elevated costs, Prime Minister Mark Carney’s government said it would cut the size of the federal public-sector workforce by about 5%, or 16,000 jobs.
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Paul Vieira
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