British pound traded lower on Wednesday after the release of worse-than-expected UK trade deficit data. The report recorded a jump of 23%, showing a gap of £12.2 billion, compared to £9.9 billion for October, after a slight revision lower, and the deficit of £9.6 registered for November 2015. The...
Russia does not claim to “dominate” international affairs since “true leadership” is demonstrated through cooperation and not by “inventing threats and influencing other by speculation,” President Vladimir Putin said in Moscow on Thursday. Speaking at the Valdai Club, Putin said that developing...
Euro area economic growth slowed down to a 20-month low in September, IHS Markit reported on Wednesday.
Eurozone Composite Purchasing Managers' Index (PMI) came in at 52.6 in September, declining from August reading of 52.9, the report said. Expansion eased in Germany, Italy, Spain...
The European Union needs comprehensive and all-encompassing structural economic reforms in order to keep and develop its monetary union, says Benoît Cœuré, member of the Executive Board of the European Central Bank.
Labour market reforms can be just a first step in the reforms,...
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