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German central bank sees signs of recession 'multiplying'
German central bank sees signs of recession 'multiplying'
Business and Economy
by  AFP

The German central bank said Monday it was increasingly likely that Europe's largest economy would shrink for a "prolonged" period as Russia throttled energy supplies to the continent. "The signs of a recession for the German economy are multiplying," the Bundesbank said in its monthly report, warning of a "broad-based and prolonged decline in economic output".

China says Biden's Taiwan remarks 'severely violate' US policy over island
China says Biden's Taiwan remarks 'severely violate' US policy over island
World
by  AFP

Beijing on Monday said President Joe Biden's latest comments that the United States would defend Taiwan against a Chinese invasion "severely violate" Washington's policy towards the island. In May, Biden again signalled he would use military force to defend Taiwan from a Chinese invasion, but did not offer any clarification.