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World

U.S. dollar slides amid disappointing retail sales

NEW YORK, Aug. 14 (Xinhua) -- The U.S. dollar declined in late trading on Friday after data showed the nation's retail sales in July increased less than expected.

World

EU, Eurozone trade with rest of world remains at lower levels in June

BRUSSELS, Aug. 14 (Xinhua) -- International trade of member countries of the European Union (EU) remained at notably lower levels in June 2020 compared with the pre-COVID-19 situation a year ago, although there were signs of improvement compared with the previous months, the Statistical Office of the European Union (Eurostat) reported on Friday.

World

Eurostat says Q2 GDP down by 11.7 pct in EU, 12.1 pct in euro area

BRUSSELS, Aug. 14 (Xinhua) -- The gross domestic product (GDP) in the second quarter of 2020 decreased by 11.7 percent in the European Union (EU) and by 12.1 percent in the euro area compared with the previous quarter, Eurostat said in its flash estimates on Friday.

World

Foreign exchange rate of Euro to other currencies

FRANKFURT, Aug. 14 (Xinhua) -- The following are the foreign exchange reference rates of euro to other currencies at the European Central Bank on Friday:

World

U.S. dollar weakens amid stimulus deadlock

NEW YORK, Aug. 13 (Xinhua) -- The U.S. dollar dipped in late trading on Thursday as market participants fretted over the uncertain fate of a new U.S. coronavirus-relief package.

World

Turnover of tourism giant TUI plummets by 98.5 pct in April-June

BERLIN, Aug. 13 (Xinhua) -- Turnover of TUI plummeted by 98.5 percent year-on-year to 72 million euros (85 million U.S. dollars) in the third quarter (Q3) of the company's fiscal year from April to June, the Germany-based tourism giant announced on Thursday.

World

Germany's largest listed companies record 13 pct decline in turnover in Q2: EY

BERLIN, Aug. 13 (Xinhua) -- Turnover of Germany's largest companies listed in the DAX, excluding banks, decreased by 13 percent year-on-year to 283 billion euros (335 billion U.S. dollars) in the second quarter (Q2) 2020, according to a study published by consulting firm Ernst & Young (EY) on Thursday.

World

U.S. dollar slips amid stalemate over stimulus package

NEW YORK, Aug. 12 (Xinhua) -- The U.S. dollar weakened in late trading on Wednesday as market participants were cautious following a stalemate over a new coronavirus relief bill in the country.

World

Foreign exchange rate of Euro to other currencies

FRANKFURT, Aug. 12 (Xinhua) -- The following are the foreign exchange reference rates of euro to other currencies at the European Central Bank on Wednesday:

World

Italy plans to build tunnel linking Sicily with mainland

ROME, Aug. 11 (Xinhua) -- Ambitious Italian plans to build a tunnel to connect the southern island region of Sicily to the Italian mainland began to take shape Tuesday, with a 5-billion-euro (5.9-billion-U.S.-dollar) project to be paid for out of Italy's portion of the European Union Recovery Fund.