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Author Archives: Top News Editor

German Unemployment Increases Less Than Expected

Despite the coronavirus pandemic weighing on the German economic activity, unemployment increased less than expected in June, helped by the short-time work program. Data from the Federal Employment Agency revealed that the number of unemployed persons rose by 69,000 in ...

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UK Manufacturing Sector Stabilizes In June

The UK manufacturing sector showed signs of stabilizing in June, following the steep downturn caused by the coronavirus, or Covid-19, pandemic, final data from IHS Markit showed Wednesday. The Chartered Institute of Procurement & Supply/ IHS Markit manufacturing Purchasing Managers’ ...

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Severe Downturn In Eurozone Manufacturing Eases

The severe downturn in the euro area manufacturing sector continued to ease in June amid easing of restrictions related to coronavirus pandemic, final survey data from IHS Markit showed Wednesday. The final factory Purchasing Managers’ Index rose to a four-month ...

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Sweden Central Bank Expands QE, Holds Rate

Sweden’s central bank expanded its quantitative easing and maintained interest rate at zero to support recovery and lift inflation as the coronavirus pandemic substantially hurt the economy. The executive board of Riksbank decided to extend the asset purchases programme to ...

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Eurozone Inflation Rises Unexpectedly In June

Eurozone inflation accelerated unexpectedly in June as economies across the bloc started to relax coronavirus containment measures, preliminary data from Eurostat showed Tuesday. Inflation rose to 0.3 percent from a near-four year low of 0.1 percent logged in May. Economists ...

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