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It's a stunning turnaround for Europe's biggest economy, which for much of this century had expanded exports and dominated world trade in engineered products like industrial machinery and luxury cars. Moscow's decision to cut off natural gas supplies to Germany in the wake of Russia's invasion of Ukraine dealt a severe blow. For years, Germany’s business model was based on cheap energy fueling production of industrial goods for export.

The old one, fueled by cheap natural gas from Russia and lucrative exports to China, is broken, leaving Europe's biggest economy mired in stagnation and angst about the future. Delivering that fresh growth strategy is going to be the biggest challenge for the government that takes office after a national election set for Feb. 23, seven months ahead of schedule. Multiple factors conspired to take Germany from industrial powerhouse to post-pandemic straggler: too much bureaucracy, a shortage of skilled workers, slow deployment of technology and a lack of clear direction from the outgoing coalition government are among them.

(Bloomberg) -- Thailand’s economic growth was weaker-than-expected in 2024 and continued to lag its neighbors as it faces a year fraught with risks from global trade policy hurdles and sluggish domestic demand.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CitySpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MaySout

The gathering could reassure global investors that “another crackdown is not around the corner,” one analyst said.

The cryptocurrency token, which had the same name as Javier Milei’s political party, rapidly rose in value Friday before cratering, drawing opposition ire.

A delayed rate cut could put President Trump on a "collision course” with the Federal Reserve, warned economist Nouriel Roubini.

(Bloomberg) -- The Trump administration has approved a Texas port capable of shipping 1 million barrels of oil a day proposed by Sentinel Midstream LLC.Most Read from BloombergProgressive Portland Plots a ComebackWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisWhy American Mobility Ground to a HaltA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityThe project, first proposed in 2019 and known as the Texas GulfLink Deepwater Port, had be