BERLIN: German industrial production increased in June, signaling that Europe’s largest economy gained momentum ahead of the UK’s Brexit vote. Production, adjusted for seasonal swings, rose 0.8 percent from the previous month, when it dropped a revised 0.9 percent, data from the Ministry for Economic Affairs showed yesterday. The reading, which is typically volatile, compares with a median estimate for a 0.7 percent gain in a Bloomberg survey of economists. Output was up 0.5 percent from a year earlier. Siemens, Europe’s biggest engineering company, raised its forecast for full-year earnings last week after reporting a 6 percent increase in orders in the three months through June, and Bundesbank president Jens Weidmann has said there is no indication that Britons’ vote to quit the EU has changed prospects of a growth pick-up in the third quarter.
IHC approves Telenor Pakistan-Ufone merger
ISLAMABAD – The Islamabad High Court (IHC) has approved the merger of Telenor Pakistan Private Limited with Pakistan Telecom Mobile...
