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European Central Bank may launch more stimulus to counter economic slowdown
European Central Bank head Mario Draghi has been doing what he can to reassure the financial world by hinting that the ECB could be going to provide more stimulus for...
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Eurozone ‘approves’ 1bn euro loan for Greece, says EU official
Unconfirmed reports say eurozone deputy finance ministers have provisionally approved a one-billion euro loan for Greece. An unnamed EU official is quoted as saying that barring some technicalities the board...
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Brazil’s recession deepens as economy shrinks more
Brazil’s worst recession in 25 years has deepened. The economy shrank 1.7 percent in the third quarter – half a percent more than analysts had predicted. The country’s GDP dropped...
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US economy grows faster than first estimated in third quarter
The US economy grew more healthily than expected in the third quarter – further fuelling expectations that the Federal Reserve may see enough confidence to raise interest rates next month....
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Weak eurozone demand hits ‘Made in Germany’ goods
German industrial orders fell for the third consecutive month in September – in particular due to weak demand from other eurozone countries. The surprise news from the Federal Statistical Office...
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Walmart seeks approval for drone delivery tests
It also wants to use drones at its distribution centres and stores, perhaps carrying items from the shop to the car park. By using drones to deliver groceries to customers,...
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SABMiller rejects latest AB InBev bid in big beer battle
The battle of the brewers between the world’s two biggest beer producers has taken another twist. SABMiller – owners of Peroni – has rejected the latest takeover bid from Anheuser-Busch...
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Suzuki to sell its stake in Volkswagen, sealing divorce
Suzuki has agreed to sell all of its shares in Volkswagen to Porsche. The move completes the dissolution of their failed partnership after four years of arbitration. The Japanese carmaker...
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Zurich tops world’s most expensive cities
Zurich tops a new list of the world’s most expensive cities. According to a report by Swiss bank UBS, monthly living costs for a family of three go beyond 3,500...
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The US Navy is warning its personnel that ‘loose tweets destroy fleets’
The US Navy recently issued a statement updating its World War II era “Loose lips sink ships” slogan for one more relevant to the social media age, cautioning it sailors...