| German unemployment rises in May | | Unemployment in Germany increased in seasonally adjusted terms in May, but the country’s labour market is continuing to hold up relatively well to the Eurozone debt crisis, official data showed on Wednesday. | | Millions falling into poverty in Italy | | Millions of Italians cannot afford to heat their homes properly or eat meat as their country is racked by recession and soaring unemployment, said a report which found the number of people considered seriously deprived had doubled in the past two years. | | Halal food production on rise in the Balkans | | Trying to fight back against the persistent economic crisis in the Balkans, food producers here have turned towards halal food, targeting rising demand from markets in Western and Muslim countries. | | China industrial production up 9.3% in April | | Industrial output in China rose 9.3 percent in April, the National Bureau of Statistics (NBS) said Monday, accelerating from March but below market expectations, underscoring sluggish growth momentum. | | India’s April car sales dive more than 10% | | Car sales in India fell by over 10 percent in April, industry data showed Friday, as the country’s once red-hot car market reels from high ownership costs, costly fuel and an economic downturn. | | India March industrial output jumps surprise 2.5% | | India’s industrial output accelerated by a surprise 2.5 percent in March from a year ago, official figures showed Friday, raising hopes that the country’s sharp economic slowdown may have bottomed out. | | Rio Tinto chief warns of more job cuts | | Rio Tinto chief Sam Walsh on Sunday warned of more job cuts as the mining giant works to make $5 billion in savings by the end of 2014, but he was upbeat about demand for iron ore from China. | |
