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German factory orders drop in new blow to economy
German factory orders drop in new blow to economy
Economy
by  AFP

German industrial orders unexpectedly fell in July, official data showed Friday, the latest sign that Europe's long-struggling top economy remains stuck in the doldrums. "High trade and geopolitical uncertainties" were creating volatility when it came to orders, the German economy ministry said in a statement.

Cooling US jobs market in focus as political scrutiny heats up
Cooling US jobs market in focus as political scrutiny heats up
Economy
by  AFP

US employment data on Friday is expected to confirm a cooled labor market, as companies pull back on hiring amid continued uncertainty over President Donald Trump's tariffs. He also pointed to the downward revisions to hiring numbers, saying that similar things have happened this year -- amid his return to the presidency in January -- and "always to the negative."