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Die Zerstörung, die das Hochwasser in vielen Häusern und Betrieben hinterlassen hat, ist enorm. Ökonomen schätzen die Schadenssumme nun auf mindestens 1,3 Milliarden Euro – die Schäden an Straßen und bei den ÖBB noch nicht mitgerechnet.

Reducing interest rates in October wouldn’t mean that the European Central Bank is certain to do so again at its final meeting of the year, according to Governing Council member Bostjan Vasle.

China said it’s confident in reaching its economic targets this year and promised to further support growth, although it held back in unleashing more major stimulus in a disappointment to investors looking for more fuel for a world-beating stock rally.

China’s latest steps to revive the housing market have had an immediate impact, judging from reports of brisk sales and buyer interest during the nation’s week-long holiday. Whether the rebound will be sustained is another matter.

Companies aren’t so worried that they’re letting a lot of people go, but they’re also not so confident that they’re hiring a lot of people.

The European Union’s decision to impose tariffs on Chinese electric vehicles has moved the focus to how and when Beijing will retaliate for the escalation in its biggest trade dispute with the bloc in years.

September's labor market report shows economists are missing important drivers of US strength. Here's why they keep getting it wrong.

A survey of stores across 46 states revealed how hard it is for the retailer to keep its gold products stocked even as prices for the metal continue to climb.

US bonds tumbled on Monday, deepening a rout triggered by strong labor-market data that caused traders to sharply ratchet back bets on aggressive Federal Reserve interest-rate cuts.

Die Herbstlohrunden stehen bevor. Für die im Oktober und November startenden Verhandlungen in den Branchen Eisenbahn, Straße, Handel-Lagerwesen und Reinigung fordert die Gewerkschaft vida eine Abgeltung der rollierenden Teuerung und „von gesteigerten Arbeitsbelastungen“. Erschwert werden könnten die Verhandlungen durch die schlechten Wirtschaftsdaten und -prognosen.

Die Innsbrucker Stadtregierung hat sich auf einen neuen Kriterienkatalog für die Vormerkung und Vergabe von städtischen Mietwohnungen geeinigt. Damit sollen künftig mehr Menschen die Möglichkeit haben, eine Stadtwohnung zu beziehen. Zudem soll die Wohnungsvergabe rascher und effizienter werden.

Factory orders in Germany plummeted in August, marking yet another setback for industry in a year when Europe’s biggest economy has failed to deliver a much-awaited recovery.

China’s top economic planner will hold a press briefing on Tuesday to discuss a package of policies aimed at boosting economic growth, as investors look for more stimulus measures from President Xi Jinping’s government.

The probability for a US recession over the next year is back at the long-term average of 15% after a blowout payrolls report for September reduced the chances for such a downturn, Goldman Sachs Group Inc. economists said.

Catch up: the Oct 7th anniversary; Rio Tinto offers to buy Arcadium Lithium

The European Central Bank will “quite probably” cut interest rates at its next meeting later this month, according to Governing Council member Francois Villeroy de Galhau.

The “no landing” scenario – a situation where the US economy keeps growing, inflation reignites and the Federal Reserve has little room to cut interest rates – had largely disappeared as a bond-market talking point in recent months.

The German government expects the nation’s economy to shrink by 0.2% this year, Sueddeutsche Zeitung reported ahead of an official estimate due on Wednesday, without saying how it got the information.

President Joe Biden sought to discourage Israel from attacking Iran’s oil fields, as the US looks to shape Prime Minister Benjamin Netanyahu’s response to a ballistic-missile barrage and keep the region from descending into all-out war.

The world-beating rally in Chinese stocks is failing to convince many global fund managers and strategists.

Mohamed El-Erian says the Federal Reserve needs to renew its focus on its fight against rising prices after September’s surprisingly hot jobs report served as a reminder that “inflation is not dead.”

Die Wirtschaftsforschungsinstitute WIFO und IHS haben ihre Konjunkturprognose gegenüber der Juni-Schätzung stark nach unten korrigiert und rechnen nun mit dem zweiten Rezessionsjahr in Folge. Beide Institute erwarten heuer einen Rückgang der realen Wirtschaftsleistung von 0,6 Prozent, bei der Sommerprognose war noch mit 0,0 bzw. 0,3 Prozent plus gerechnet worden. WIFO und IHS rechnen nun mit mehr Arbeitslosen statt weniger, wie noch im Sommer erwartet worden war. Die Opposition kritisierte die Regierung.

The European Union voted on Friday to impose tariffs as high as 45% on electric vehicles from China in a move set to increase trade tensions with Beijing.

Former Treasury Secretary Larry Summers said the Federal Reserve’s decision to cut interest rates last month was a mistake after new data showed that US job growth last month topped all estimates.

US job growth last month topped all estimates, the unemployment rate unexpectedly declined and wage growth accelerated, reducing the odds the Federal Reserve will opt for another big interest-rate cut in November.

Surprisingly strong hiring in September has taken pressure off the Federal Reserve by reducing worries over the US labor market, giving policymakers room to continue cutting interest rates at a more gradual pace in coming months.

Catch up: Israel moves deeper into Lebanon; oil prices surge

US dockworkers agreed to end a three-day strike that had paralyzed trade on the US East and Gulf coasts and threatened to become a factor in the presidential election.

Catch up: Israel moves deeper into Lebanon; oil prices surge