Latest news with #businessclimate
Reuters
03-06-2025
- Automotive
- Reuters
Mood darkens further in German auto sector under strain of tariffs
BERLIN, June 3 (Reuters) - Sentiment in the German automotive industry deteriorated further in May, the Ifo institute said on Tuesday, reporting a fall in its business climate index for the sector to -31.8 points from -30.7 in April. "The confusion surrounding the U.S. tariffs is causing problems for the automotive industry in Germany," said Ifo sector specialist Anita Woelfl. Already battling with weak European demand and stiff competition from abroad, German carmakers Volkswagen, BMW ( opens new tab and Mercedes-Benz ( opens new tab are in talks with the U.S. administration for a deal to soften the blow of import tariffs. The Ifo survey found companies' assessment of their current situation improved somewhat in May but remained at a low level of -35.3. Business expectations, on the other hand, fell to -28.3 from -25.2 points in April, the institute said.
Zawya
26-05-2025
- Business
- Zawya
A 15% growth in new memberships at Ajman Chamber during Q1 2025
The Ajman Chamber has recorded notable membership growth during Q1 2025. The total number of new and renewed memberships reached 10,430, marking a growth rate exceeding 5% compared to the same period in 2024, which saw 9,901 memberships. This growth reflects the increasing confidence in Ajman's business and investment climate. It also underscores the Chamber's continuous efforts, in collaboration with its government partners, to foster a supportive and stimulating environment for business owners and investors. This is achieved through innovative services and initiatives that enhance the sustainability and growth of businesses across various economic sectors. New memberships saw a 15% increase, totaling 1,873 compared to 1,630 in Q1 2024. Additionally, renewed memberships grew by over 3%, reaching 8,557 compared to 8,271. The surge in membership is an outcome of Ajman Chamber's comprehensive strategy to boost the emirate's competitiveness as a leading investment hub. This strategy involves intensified participation in specialized exhibitions and events, both domestically and internationally, across vital sectors such as industry, trade, health, education, tourism, real estate, and construction, among others. Furthermore, the Chamber actively hosts trade and economic delegations and organizes specialized forums and workshops which facilitate knowledge exchange and explore collaboration opportunities, directly contributing to the Chamber's increased membership and attracting more companies and investors, thereby supporting the growth of diverse economic activities in the emirate of Ajman."
Reuters
22-05-2025
- Business
- Reuters
German business sentiment brightens in May, Ifo survey finds
BERLIN, May 22 (Reuters) - German business morale improved slightly more than expected in May, a survey showed on Thursday, thanks to less gloomy expectations. The Ifo institute said its business climate index rose to 87.5 in May from 86.9 in April. Analysts polled by Reuters had forecast a rise in the reading to 87.4. "The German economy is slowly regaining its footing," Ifo president Clemens Fuest said. The improvement in business morale was mainly due to a rise in expectations to 88.9 in May from 87.4 in April. However, current conditions fell to 86.1 from 86.4 in the previous month.
