(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.China’s economic slowdown deepened in July due to a worsening property slump and continued coronavirus lockdowns, with an unexpected cut in interest rates unlikely to turn things around while those twin drags remain.Retail sales, industrial output and investment all slowed and missed economists estimates in July. The surveyed jobless rate for those aged 16-24 climbed to 19.9%, a record
With me are Tanate Phutrakul, our CFO; and Ljiljana Cortan, our COO. In line with our priorities, also this quarter, we continued our efforts to offer a superior customer experience with a focus on the digital customer journey and to contribute to a sustainable future.
(Bloomberg) -- ING Groep NV reported second-quarter profit that beat analyst estimates after freeing up provisions for its shrinking business in Russia. Most Read from BloombergSneakerhead Accused of Running Huge Air Jordan Ponzi SchemeHow a Celebrity CEO’s Rule of Fear Helped Bring Down Hot Startup ZilingoChina Warns Airlines to Avoid ‘Danger Zones’ Around TaiwanNet income of 1.18 billion euros ($1.2 billion) in the three months through June compared with expectations for profit of 1.07 billion