Author: Administrator
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Eurozone business activity improves in October
Business activity in the eurozone has expanded in October at the fastest pace so far this year. Germany was again the star. According to the latest surveys of companies conducted...
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World Bank says extreme poverty is falling, but income inequality needs attention
The number of people living in extreme poverty has declined by more than 100 million despite a sluggish global economy, according to the World Bank. However it warned that the...
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German ECB policymaker Weidmann warns on London’s financial hub role post-Brexit
The head of Germany’s central bank, Jens Weidmann, has warned of the risks to London as a financial centre after Britain’s vote to leave the European Union. Weidmann told Britain’s...
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EU’s competition head defends Apple tax ruling in European Parliament debate
EU Competition Commissioner Margrethe Vestager has been defending the decision to order technology firm Apple to pay 13 billion euros in back tax to the Irish government. She told a...
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UK inflation rises to 2.9%
The pound has hit a one-year high after UK inflation climbed to its highest rate in more than five years. The Consumer Price Index showed inflation jumped to 2.9 per...
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Price gouging row: how much should those drugs cost?
The debate over high prices for medical treatments is heating up in the United States with Canadian firm Valeant Pharmaceuticals being sued in a New York court. Buyers of its...
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Greece to tax property owners who rent to visitors
The Greek government is moving to tax owners of properties who rent them out to visitors via sites like Airbnb. A three to five percent fee will be charged for...
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German industrial orders fall on plunging eurozone demand
There was a slight rise in domestic demand, which was up by 0.7 percent compared with May, but foreign orders dropped by 1.2 percent. And demand from eurozone countries plunging...
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IMF says Brexit will reduce global economic growth in 2016 and 2017
The International Monetary Fund has said Britain’s decision to leave the European Union will reduce economic growth worldwide. It has trimmed its global growth estimate to 3.1 percent this year...
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Federal Reserve set not to play interest rate rise card
The Federal Reserve is deep in a policy meeting with the unlikelihood of an interest rate rise coming anytime soon. However much the Federal Reserve and chair Janet Yellen would...