Federal Reserve cuts interest rate for second time - German industry lobby issues Brexit warning - Industrialized countries take back plastic waste
German businesses have already been suffering from the negative effects of Brexit, said Holger Bingmann, head of the foreign trade industry group BGA, pointing out losses to German exporters worth €3.5 billion this year.
The US central bank cut interest rates for the first time since 2008, citing concerns about the global economy. The move comes amid economic uncertainties amid President Donald Trump's trade wars and Brexit.
Outgoing ECB President Mario Draghi has achieved his goal of further cuts to interest rates and the renewal of bond buying for the euro area. But some policymakers are skeptical that the move was necessary.
Thomas Cook is probably the best-known UK firm to drown under a huge debt pile. Shadowy private equity deals and low-interest rates have led to a record increase in corporate financing at a time of ultra-low margins.
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