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Unilever and Roche results better than expected
Consumer goods giant Unilever has reported better then expected sales between April and June. Despite economic volatility in major markets, Unilever reported underlying sales growth of 4.7 percent in its second quarter, excluding the...
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US jobs jump in June
There was a huge jump in the number of jobs created in the United States last month. Payrolls increased by 287,000 in June. But for May they were revised down to just 11,000, rather than the previously reported 38,000. Economists had...
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Slim economic growth in April
A lack of Canadian hockey teams in the NHL playoffs limited economic growth in April. Frances Donald, senior economist with Manulife Asset Management, talks about the numbers.
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Forecasting Europe's future
Last year the euro area and the EU both grew at the fastest pace in a decade. This growth is forecast to continue this year and the next. But for the prognosis for our Gross Domestic Product (GDP) to prove accurate, this recovery needs...
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UK jobless levels lowest since 2005
Unemployment in the UK has fallen to its lowest levels since 2005, according to the latest figures. The number out of work fell to 1.67m from February to April that is 20,000 down on the last quarter. Unemployment in NW fell by 2,000 in...
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UK retail in rude health for now!
Retail sales in the UK are in rude health after a big April; the bonanza has run into May. Clothes appear to be driving the retail boom as spring moves into summer. UK retail sales surge in May as shoppers snap up new clothes...
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Navigating Europe’s Choppy Economic Waters: Forecasts and Uncertainty
For the first time in almost a decade, all of Europe’s economies are set to grow. But major questions remain on whether that growth can actually happen this year or next with all the uncertainty surrounding us, from mixed messages from...
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Nine EU states could still adopt the euro. But why would they?
Have the benefits of the single currency been overlooked since the eurozone crisis, which peaked between 2010 and 2013? After all, growth has picked up across the European Union, and five million jobs were created between 2014 and 2017....
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Weak US jobs numbers mean interest rate rise still some way off
There was disappointing jobs news from the United States. Employers there created the fewest number of positions in more than five years in May. Payrolls increased by only 38,000 last month. One reason for that is a strike by workers...
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Eurozone GDP growth revised upwards for Q1
It seems the eurozone’s economic growth was slightly better than previously thought in the first three months of this year, but still nothing to shout about. In its third and final assessment, the European statistics agency Eurostat said...
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US Q1 economic growth revised higher
It seems US economic growth did slow in the first three months of this year, but not as sharply as initially thought. Though there was no revision to consumer spending, which accounts for more than two-thirds of US economic activity,...
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French economic growth improves
France’s economy performed better than expected in the first three months of this year. A surge in consumer spending and a pick-up in business investment meant gross domestic product expanded by 0.6 percent from the previous quarter. The...
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OECD pessimistic about global growth, blames rich world governments
The world is stuck in a “low-growth trap” according to the Organisation for Economic Cooperation and Development. In its latest twice-yearly review, the OECD said with businesses wary of investing and consumers cautious about spending,...
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ECB says growth prospect slightly better, but still many risks
ECB President Mario Draghi said the prospects for eurozone economic growth are looking slightly better this year and it’s the same story for inflation, but there are still many risks. After a meeting of the Bank’s governing council in...
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US jobs gains hit seven month low in April
There was disappointing US jobs news in April as the world’s largest economy created the fewest number of new workers in seven months. In addition Americans dropped out of the workforce in droves. Payrolls increased by 160,000 thousand...
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German economic strength supports eurozone growth
Germany’s economy performed much better than expected in the first three months of this year, making it again the driving force for the eurozone. Private consumption was the most important element. Record-low unemployment, low interest...
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UK April inflation slips
Inflation in British slipped in April for the first time since September last year. Consumer prices rose 0.3 percent from April 2015, the Office for National Statistics said. Economists had expected inflation to remain at 0.5 percent....
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Vodafone’s underlying earnings rise, losses through Luxembourg tax hit
Mixed results from Vodafone, the world’s second-largest mobile phone operator. The British based company posted full-year underlying earnings – before interest, tax, depreciation and amortisation – that were up 2.7 percent at 11.6...
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Japan avoids recession with surprise Q1 growth of 1.7 percent
Japan’s economy unexpectedly picked up in the first three months of this year, growing 1.7 percent compared to the same period last year. However that was partly due to a boost to consumption because this is a leap year so February had...
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Saudi Arabia responds to low oil prices with economic reform plan
Saudi Arabia, having forced down oil prices to try to push US shale oil producers out of business, is now having to address the problems of much less money flowing into its state coffers. Its answer is an economic reform plan including...
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UK economic growth slows
Britain’s economy slowed at the start of this year, apparently effected by reduced global growth and uncertainty ahead of the referendum on the UK’s European membership. Between January and March gross domestic product grew by 0.4...
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Eurozone manufacturing struggles in April
Eurozone factories did slightly better in April, with output not losing as much momentum as initially thought. However growth in activity remained weak even as companies cut prices deeply to make sales – which is not good news for the...
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IMF sub-Saharan Africa 2016 outlook sees weaker growth
Economic growth in sub-Saharan Africa is likely to slow this year to its weakest in nearly two decades, according to experts at the International Monetary Fund. The main reasons are the steep decline in commodity prices, the Ebola...