The German economy did not contract in the first quarter of this year, thus averting an anticipated recession – two consecutive quarters of economic contraction. One of the reasons cited is a rise in exports, according to the Bundesbank. After experiencing an economic contraction of 0.3 percent in the final quarter of 2023, further contraction was predicted for the first months of this year. However, according to the…

In the United Kingdom, inflation reached its lowest level in 2.5 years last month, driven by decreases in the prices of meat, biscuits, and other essentials. According to data from the UK’s Office for National Statistics (ONS), British consumers faced a 3.2 percent increase in prices for goods and services in March compared to the same month last year. This marks a slight drop from February’s 3.4 percent.…

Just Eat Takeaway, the prominent entity encompassing Thuisbezorgd.nl, faced a nuanced landscape in its first-quarter performance, marked by a dip in overall order volumes compared to the preceding year. With a decrease of 6 percent, totaling over 214 million orders, the company navigated through shifting consumer behaviors and market dynamics. Across different geographical regions, the trends varied. In Northern Europe, there was a modest decline of 1 percent…

ASML, a chip manufacturing company based in Veldhoven, faced a setback in the first quarter as it received fewer new orders than anticipated. The company attributes this to a downturn in the chip industry and forecasts a potential recovery next year. CEO Peter Wennink commented, “We are currently navigating through a transitional year. Our outlook for the entirety of 2024 remains unchanged.” He expects the latter half of…

The European gas price continued its ascent on Tuesday, fueled by unrest in the Middle East. Last week, oil prices surged due to the looming threat of an Iranian retaliatory strike against Israel. The price on the gas market rose nearly 3 percent on Tuesday morning to 32 euros per megawatt-hour, marking the highest level since January. Over the weekend, Iran carried out a major retaliatory strike on…