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For China, Europe is the new Africa

China is known for its patience. A century is but a page in the book of its history. We Europeans are much more edgy. First we lamented that our manufacturing…

Weak euro helps eurozone manufacturers enjoy best month since 2014

Political risk? What political risk? Factories in the eurozone enjoyed their best month since the start of 2014 in November, supported by a weakening currency and strong performances in its…

Spanish manufacturing beats forecasts – IHS Markit

Spanish manufacturers reported a third successive month of improvement in November, with a closely-watched business index rising to its highest level since January. Markit’s purchasing managers’ survey for the sector…

A No vote in the Italian referendum will derail essential reforms

A single number, hourly labour productivity, explains the sorry state of the Italian economy. On a scale set equal to 100 in 1995, 20 years later the index has risen…

Eurozone unemployment falls below 10% – analysts react

A milestone. Unemployment in the eurozone has fallen into the single digits for the first time since the bloc’s debt crisis erupted in 2010. Now at 9.8 per cent, the…

Eurozone unemployment rate below 10% for first time in 7 years

It has taken seven years marked by financial crisis, sluggish growth and bouts of recession — but the eurozone’s unemployment rate has finally returned to single-digit levels. Underlining the region’s…

Draghi: Eurozone will decline without vital productivity growth

It’s productivity, stupid. European Central Bank president Mario Draghi has become the latest major policymaker to warn of the long-term economic damage posed by chronically low productivity growth, as he…

Financial system more vulnerable after Trump victory, says BoE

The US election outcome has “reinforced existing vulnerabilities” in the financial system, the Bank of England has warned, adding that the outlook for financial stability in the UK remains challenging.…

French inflation climbs to 0.7% in November, matching Germany

Annual inflation in the French economy accelerated to 0.7 per cent this month, from 0.5 per cent in the previous month, in an encouraging sign of a pick up in…

Widening UK tax shortfall creates a nightmare for Philip Hammond

Philip Hammond is a worried man. The tax system is getting out of touch with the way people live and work, he says, leading to a hole in projected tax…

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