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3 results for “European”
Global Market: Eurozone business activity hits 29-month high as price pressure intensifies
Eurozone business activity expanded at its fastest pace since April 2023 in September, driven by strong service demand and AI investments. However, inflation surged to 3.8% due to rising energy costs, fueling expectations that the European Central Bank will maintain higher interest rates or hike rates further by…
Global Market: European stocks edge up; Schneider plunges after PTC deal
European shares edged 0.2% higher, recovering from last week’s losses, while French stocks fell amid growing fiscal concerns. The CAC 40 dropped 0.8%, pressured by Schneider Electric’s sharp decline after its $22.6 billion PTC deal. Investors also tracked softer US jobs data, bond yields, inflation risks and political…
G7 countries reluctantly agree to tap their fuel reserves to help the U.S.
G7 nations plan to release large amounts of diesel fuel soon, but European countries were not entirely happy about the agreement.