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Germany’s economy shrank in the second quarter of this year as fears of a recession mount.

Gross domestic product (GDP) fell 0.1% between April and June and annualised growth rate slowed to 0.4% in the second quarter from 0.9% in the first, with several economists raising fears of another contraction in the third quarter.

Data from Federal Statistical Office showed that manufacturing in the country slid into reverse as global growth slows down.

Germany’s export-reliant economy has been particularly exposed to the US-China trade war and uncertainty caused over Brexit.

Andrew Kenningham from Capital Economics said: “The bottom line is that the German economy is teetering on the edge of recession.”

Cars ten Brzeski from ING said: “Today’s GDP report definitely marks the end of a golden decade for the German economy.

“It was a decade of strong growth on the back of earlier structural reforms, fiscal stimulus, localisation at its peak and steroids provided by the ECB in the form of low-interest rates and a relatively weak euro.”

A recession is defined as two consecutive quarterly contractions.

Earlier this year, the German economy narrowly missed tumbling into recession with output growth of just 0.02% in the final quarter of 2018.

Data released on Tuesday showed that UK’s economy contracted in the quarter for the time since 2012.

Stock and bond markets negatively reacted to the data with the multiple recession indicators flashing.

The interest rates on both US and UK 10-year government debt fell below the yield on the two-year bonds, traditionally a sign that some investors think a recession is nearing. Interest on German government debt slide further into negative rates.

The UK’s FTSE100 as well Europe’s STOXX 50 fell by 1%.

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YouTube star PewDiePie marries longtime girlfriend Marzia Bisognin in London | Ents & Arts News

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YouTube star PewDiePie has married his longtime girlfriend Marzia Bisognin at a ceremony in London.

The 29-year-old, who has more than 99 million subscribers on the online video site, announced the news on Twitter on Tuesday.

He wrote: “We are married!!! I’m the happiest I can be.

“I’m so lucky to share my life with this amazing woman.”

The couple live in Brighton with their two dogs. Pic: Instagram/Maria Bisognin
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The couple tied the knot at Kew Gardens. Pic: Instagram/Marzia Bisognin

The couple, who live in Brighton with their pugs Edgar and Maya, have been together for eight years.

They tied the knot at London’s Kew Gardens on Monday.

PewDiePie, whose real name is Felix Kjellberg, has the second most-subscribed YouTube channel in the world.

The Swedish former economics student mainly posts comedy-formatted shows which attract millions of views.

Bisognin had her own fashion YouTube channel called CutiePieMarzia up until 2012, which focused on fashion, beauty, DIY, books and movies.

Since 2015 she has launched several lines of fashion and design merchandise.

She posted on Instagram after her wedding: “Yesterday, the 19th of August – after exactly 8 years since we met – we celebrated our wedding with our closest friends and family.

“It was the most beautiful day, which I will treasure forever, I am so thankful for all the people that made time to attend the event and helped us celebrate our marriage.

“I feel like the luckiest person and I’m so full of love.

“Incredibly ecstatic to be able to call Felix my husband for the rest of our lives.”

The couple first met after Bisognin’s friend recommend that she watch “this idiot playing video games”.

They started dating in 2011 after she emailed him and told him that she found his videos funny.

The couple lived in Sweden and Italy before settling in the UK.

PewDiePie has been controversial. He was forced to apologise to fans after using a racial slur while live-streaming a video game.

Disney and YouTube said they would stop sponsoring his channel after some of his videos used Nazi imagery and anti-Semitic jokes.

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Donald Trump: It would be appropriate for Russia to rejoin G7 | US News

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Donald Trump has said it would be appropriate to let Russia join the G7 group of advanced industrialised countries.

Speaking to reporters at the White House, the US leader noted his Democratic predecessor, Barack Obama, had pushed for Russia’s expulsion out of what used to be the G8 because President Vladimir Putin “outsmarted” him.

“But I think it’s much more appropriate to have Russia in. It should be the G8 because a lot of the things we talk about have to do with Russia,” Mr Trump said.

Russian President Vladimir Putin in Rome
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President Putin said Russia would be happy to host G7 members in Moscow

Russia was pushed out of the G8 in 2014 because of its annexation of Crimea from Ukraine.

He also said that John Sullivan, the US deputy secretary of state, “could very well be” the next US ambassador to Russia.

Mr Trump, who was hosting Romania’s President Klaus Iohannis, indicated that Mr Sullivan was being considered for the job.

“He’s somebody that is being put up and respected very much… very respected. I know that Mike Pompeo likes him very much, and he’s very respected. He could very well be [my nominee],” he told reporters.

It was not the first time Mr Trump has suggested Russia be brought back into the G7, which groups the US, Germany, Japan, France, Britain, Italy and Canada – the countries representing 58% of the global net wealth of $317tn (£260tn).

He said in 2018 that Russia should attend a forthcoming G7 summit in Canada, with a Kremlin spokesman seeming to reject the idea, saying Russia was focused on other formats.

Donald Trump shakes hands with Romania's President Klaus Iohannis during a meeting in the Oval Office
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Donald Trump was hosting Romania’s President Klaus Iohannis

President Vladimir Putin said Russia did not choose the G7 and would be happy to host its members in Moscow.

The US leader has periodically called for closer ties with Russia, despite his administration’s policy including strong sanctions against Moscow.

Last week, US administration officials knocked down media reports that Stephen Biegun, the US envoy for North Korea, was being considered as the next ambassador for Russia.

If Mr Sullivan is nominated for the role, he would succeed Jon Huntsman, who resigned earlier this month amid speculation he plans to run for governor of Utah.

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Epstein questions await Prince Andrew at home as he holidays with Sarah Ferguson in Spain | UK News

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While the unanswered questions keep coming about Prince Andrew’s relationship with Jeffrey Epstein, the Duke of York has been taking time out among Europe’s moneyed elite with his ex-wife Sarah Ferguson in Sotogrande.

According to locals, the pair are regulars in this part of southern Spain and Sarah is a familiar face at the Santa Maria polo club.

Jon Clarke, who has lived here for almost two decades, says the former Duchess of York has been here 11 or 12 times and often hands out the winners’ medals at the annual summer polo tournament.



Prince Andrew







Footage shows duke inside Epstein’s mansion

Sarah Ferguson is a familiar face at the Santa Maria Polo club
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Sarah Ferguson is a familiar face at the Santa Maria polo club

We know the former couple flew into Spain last week and, as we toured the secluded lanes where some of the grandest estates are hidden in the hillsides trying to find them, it became clearer that they were still here.

We met an Argentinian woman who told us she had cooked a traditional barbecue for the pair who were guests at a private 50th birthday party on Monday night, also telling us she was going to do something similar for the Sultan of Brunei who’s also in the area.

Staff at the Cancha Dos restaurant said the former couple ate in a specially cordoned off area
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Staff at the Cancha Dos restaurant said the former couple ate in a cordoned off area

Earlier in their stay, staff at the exclusive Cancha Dos restaurant, which is surrounded by private polo fields, told us they ate in a specially cordoned off area, but only after the prince’s security team had swept the place to make sure it was safe.

And workers at the Valderrama golf course, one of the best in the world, said the prince had been playing there.

More from Jeffrey Epstein

Prince Andrew has been holidaying in southern Spain
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Prince Andrew has been holidaying in southern Spain

In August, only members of the club are allowed to tee off, but even outside the summer month a round for non-members will set you back not far short of €500 (£456).

How long the duke is planning to stay here in the wealthy enclave in the sun is unclear.

What is as clear as the glistening sea of Sotogrande is the questions about his time with Jeffrey Epstein will still be waiting when he gets home.

A Buckingham Palace statement said: “The Duke of York has been appalled by the recent reports of Jeffrey Epstein’s alleged crimes.

“His Royal Highness deplores the exploitation of any human being and the suggestion he would condone, participate in or encourage any such behaviour is abhorrent.”

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