Former world number one Caroline Wozniacki showed her class in upstaging eighth seed Madison Keys 6-3, 6-4 to enter the quarter-finals of the US Open on Sunday. 
 
The Dane will now face unseeded Latvian Anastasija Sevastova in the last eight. Sevastova beat Briton Johanna Konta to advance to the next round. 
 
Thirteenth seed Konta was Sevastova&#39;s second high-profile scalp of the tournament. She had earlier beaten number three seed Garbine Muguruza in the second round.&nbsp; 
 
Italy&#39;s Roberta Vinci, former US Open runner-up and the player to deny Serena Williams the perfect grand slam in 2015, looked imperious in her match against world number 99&nbsp;Lesia Tsurenko 7-6(5), 6-2. 
 
She is due to face the winner of multiple Wimbledon champion Petra Kvitova and second seed Australian Open winner Angelique Kerber in the quarter-finals. 
 
In the men&#39;s side, French duo of Jo-Wilfried Tsonga and Gael Monfils entered the quarter-finals of the US Open. Mercurial Monfils prevailed over Marcos Baghdatis in straight sets, while Tsonga dropped a set en route to reaching the quarter-finals. 
 
Tsonga and Monfils, who is enjoying a fruitful run this American summer with a win-loss record of 17-2, both reached their third quarter-final at the US Open.&nbsp; 
 
While Tsonga will meet the winner of world number one Novak Djokovic and Kyle Edmund match, La Monf will face off against the winner of 14-time grand slam champion Rafael Nadal and Lucas Pouille, also from France. 
 
Update:&nbsp;Nadal and Pouille have won one set apiece with the Frenchman leading 3-1 in the third. 
 
(WION) 
 
&nbsp;

Former world number one Caroline Wozniacki showed her class in upstaging eighth seed Madison Keys 6-3, 6-4 to enter the quarter-finals of the US Open on Sunday. The Dane will now face unseeded Latvian Anastasija Sevastova in the last eight.

Former world number one Caroline Wozniacki showed her class in upstaging eighth seed Madison Keys 6-3, 6-4 to enter the quarter-finals of the US Open on Sunday. The Dane will now face unseeded Latvian Anastasija Sevastova in the last eight. Sevastova beat Briton Johanna Konta to advance to the next round. Thirteenth seed Konta was Sevastova's second high-profile scalp of the tournament. She had earlier beaten number three seed Garbine Muguruza in the second round. Italy's Roberta Vinci, former US Open runner-up and the player to deny Serena Williams the perfect grand slam in 2015, looked imperious in her match against world number 99 Lesia Tsurenko 7-6(5), 6-2. She is due to face the winner of multiple Wimbledon champion Petra Kvitova and second seed Australian Open winner Angelique Kerber in the quarter-finals. In the men's side, French duo of Jo-Wilfried Tsonga and Gael Monfils entered the quarter-finals of the US Open. Mercurial Monfils prevailed over Marcos Baghdatis in straight sets, while Tsonga dropped a set en route to reaching the quarter-finals. Tsonga and Monfils, who is enjoying a fruitful run this American summer with a win-loss record of 17-2, both reached their third quarter-final at the US Open. While Tsonga will meet the winner of world number one Novak Djokovic and Kyle Edmund match, La Monf will face off against the winner of 14-time grand slam champion Rafael Nadal and Lucas Pouille, also from France. Update: Nadal and Pouille have won one set apiece with the Frenchman leading 3-1 in the third. (WION)

Indian industry optimism grows as CII business confidence index reaches 68.2

China's business confidence fell to its lowest since January 2013, a survey by World Economics showed on Monday, reflecting the impact of surging COVID-19 cases on economic activity.

World Business Watch: Chinese business confidence falls to lowest in almost a decade

The latest indication that Europe's largest economy is teetering on the verge of recession is the drop in German business confidence to its lowest level in more than two years. According to the carefully studied business confidence index from the Ifo Institute, businesses in Germany have grown more pessimistic about both their current situation and the prospects for the next six months. This month, the index dropped to 88.6, from 92.2 in June, which was the lowest reading since June 2020.

Germany has been severely impacted by rising prices and the Russian gas issue, which poses a wintertime production freeze danger to some of the nation's industrial powerhouses.Due to Germany's reliance on Russian gas, concerns have been raised over whether or not Germans will be able to afford to heat their houses this winter.

The government has declared that in addition to taking steps to enhance gas conservation, it will also need more gas storage. Additionally, it declared that it would support Uniper, an energy supplier, raising the possibility of price increases.

According to experts surveyed by Reuters, German growth of only 0.1% is predicted to be shown in the second quarter's gross domestic product numbers. After contracting by 0.3% in the last three months of 2021, the GDP expanded by 0.2% in the first quarter of 2022.

The Ifo figures were worse than anticipated by Reuters' survey of experts, who predicted an average decline in the index of 90.5 points. According to Clemens Fuest, head of Ifo, "higher energy prices and the danger of a gas shortage are weighing on the economy," and the largest economy in the eurozone was "on the edge" of a recession, which is characterised by two consecutive quarters of negative growth.

(With inputs from agencies) 
&nbsp;

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

The latest indication that Europe's largest economy is teetering on the verge of recession is the drop in German business confidence to its lowest level in more than two years.

The latest indication that Europe's largest economy is teetering on the verge of recession is the drop in German business confidence to its lowest level in more than two years. According to the carefully studied business confidence index from the Ifo Institute, businesses in Germany have grown more pessimistic about both their current situation and the prospects for the next six months. This month, the index dropped to 88.6, from 92.2 in June, which was the lowest reading since June 2020. Germany has been severely impacted by rising prices and the Russian gas issue, which poses a wintertime production freeze danger to some of the nation's industrial powerhouses.Due to Germany's reliance on Russian gas, concerns have been raised over whether or not Germans will be able to afford to heat their houses this winter. The government has declared that in addition to taking steps to enhance gas conservation, it will also need more gas storage. Additionally, it declared that it would support Uniper, an energy supplier, raising the possibility of price increases. According to experts surveyed by Reuters, German growth of only 0.1% is predicted to be shown in the second quarter's gross domestic product numbers. After contracting by 0.3% in the last three months of 2021, the GDP expanded by 0.2% in the first quarter of 2022. The Ifo figures were worse than anticipated by Reuters' survey of experts, who predicted an average decline in the index of 90.5 points. According to Clemens Fuest, head of Ifo, "higher energy prices and the danger of a gas shortage are weighing on the economy," and the largest economy in the eurozone was "on the edge" of a recession, which is characterised by two consecutive quarters of negative growth. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Recession in Germany? Business confidence slumps to two-year low

Corporate India's business confidence sharply deteriorated due to the devastating second COVID-19 wave, with nearly three-fourths of the participants reporting weak demand conditions, according to a leading industry group`s latest survey. 
 
The steep drop from a decade-high reading in the previous round follows a record surge in infections in April and May, which has seen many states reintroduce limited lockdowns and multiple brokerages cutting economic growth expectations. 
 
The overall Business Confidence Index nosedived to 51.5 in the current round compared with 74.2 in the previous round, the Federation of Indian Chambers of Commerce and Industry (FICCI) said on Monday. 
 
"Since a much larger proportion of the population has been impacted in the current wave, measures to support demand revival will be crucial for the economy to recover from the latest pandemic induced shock," FICCI said. 
 
The survey, which gauged expectations of the respondents for the period April to September, drew responses from about 180 companies across a wide array of sectors with a turnover ranging from 10 million rupees to 600 billion rupees ($137,839.78-$8.27 billion). 
 
India`s earnings season for the fourth quarter ended March 31 has been a mixed bag, with only 18 of the 42 Nifty 50 companies that have reported so far beating estimates, according to Refinitiv Eikon data. 
 
However, rating agency Fitch on Monday said it expects the impact of the second wave to be less severe on corporates than in 2020, with most companies` credit profiles being supported by their strong market positions. 
 
India is set to announce gross domestic product data for the January-to-March quarter at 1200 GMT on Monday.

Corporate India's business confidence sharply deteriorated due to the devastating second COVID-19 wave, with nearly three-fourths of the participants reporting weak demand conditions, according to a leading industry group`s latest survey.

Corporate India's business confidence sharply deteriorated due to the devastating second COVID-19 wave, with nearly three-fourths of the participants reporting weak demand conditions, according to a leading industry group`s latest survey. The steep drop from a decade-high reading in the previous round follows a record surge in infections in April and May, which has seen many states reintroduce limited lockdowns and multiple brokerages cutting economic growth expectations. The overall Business Confidence Index nosedived to 51.5 in the current round compared with 74.2 in the previous round, the Federation of Indian Chambers of Commerce and Industry (FICCI) said on Monday. "Since a much larger proportion of the population has been impacted in the current wave, measures to support demand revival will be crucial for the economy to recover from the latest pandemic induced shock," FICCI said. The survey, which gauged expectations of the respondents for the period April to September, drew responses from about 180 companies across a wide array of sectors with a turnover ranging from 10 million rupees to 600 billion rupees ($137,839.78-$8.27 billion). India`s earnings season for the fourth quarter ended March 31 has been a mixed bag, with only 18 of the 42 Nifty 50 companies that have reported so far beating estimates, according to Refinitiv Eikon data. However, rating agency Fitch on Monday said it expects the impact of the second wave to be less severe on corporates than in 2020, with most companies` credit profiles being supported by their strong market positions. India is set to announce gross domestic product data for the January-to-March quarter at 1200 GMT on Monday.

India's second COVID-19 wave rattles business confidence: Survey

business-confidence

Business Confidence, News on Business Confidence, stories on Business Confidence, articles on Business Confidence, Business Confidence stories at Wion, Business Confidence news, Business Confidence latest news