German consumer confidence has dropped to its lowest level in two-and-a-half years, dragged down by spiraling energy costs.
The GfK consumer climate forecast index has dropped to its lowest level since December 2005. The report comes a day after a separate measure of business confidence in Europe's biggest economy fell more than had been expected, and helped fuel speculation that the European Central Bank will raise interest rates soon. Telekom to Take Control of Greece's OTE ...
Deutsche Bahn looks set to move aheda with partial privatisation ...
US Fed cuts benchmark interest rate to 2 percent ...
Mubarak supports Sarkozy's Mediterranean Union ... Meanwhile surveys show that consumer confidence across the European Union has taken a sharp downturn.
(Deutsche Welle)
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