65,000 Small German Retail Stores Have Disappeared As Economic Downturn Hits Europe's 'Powerhouse'

Iran’s deputy foreign minister said in an interview published on Sunday that Tehran is ready to make compromises to reach a nuclear deal with Washington, but that any agreement hinged on whether the US is serious. Iranian Deputy Foreign Minister Majid Takht-Ravanchi told the BBC that the ball was “in America’s court to prove that […]

US Services Surveys Disappoint In April Amid Stench Of Stagflation Despite Manufacturing surveys solid (and US factory orders surging), expectations are for the Services sector surveys today to show stagflationary signals (weak growth, surging prices). S&P Global's Services PMI disappointed in April (final), falling from its flash print of 51.3 to 51.0, but still up from multi-year lows below 50 in March, showing just marginal activity growth despite weak drop in sales volumes. ISM Services PMI also disappointed in April, falling from 54.0 to 53.6 (vs 53.7 exp) amid tumbling new orders and...

An Israeli attack in Gaza on Wednesday killed an Al Jazeera reporter, adding to the massive number of journalists the IDF has killed in Gaza and elsewhere in the region since the start of its genocidal campaign in the Palestinian territory. Mohammed Wishah, a correspondent for Al Jazeera Mubasher, was hit by an Israeli drone […]