Photo: The European Central Bank in Frankfurt (file image)
Business & FinanceEuro zone growth slows to four-month low in October as demand nearly stalls, PMI shows
The euro zone’s economic expansion slowed sharply in October, with the S&P Global composite PMI falling to 51.7 from 53.1 in September, as new orders barely grew, costs squeezed businesses and confidence hit its weakest level in five months.
Photo: Frankfurt skyline, Germany's financial centre
Business & FinanceGerman inflation slows to 2.8% in October, beating forecasts as fuel tax cut bites
Germany's inflation rate fell to 2.8% in October from 3.3% in September, Destatis reported on Friday, below the 3.1% forecast, as a fuel tax cut and slower energy price rises pulled the headline rate down.