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Economic recovery

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Business

Greek businesses welcome tourist influx, worry about tax hike effects

Greece believes a bumper influx of tourists this year will boost its economic recovery, but there are fears bailout linked sales tax hikes could threaten businesses.

Greece believes a bumper influx of tourists this year will boost its economic recovery, but there are fears bailout linked sales tax hikes could threaten businesses.

Business

Japan avoids recession with surprise Q1 growth of 1.7 percent

Japan's economy unexpectedly picked up in the first three months of 2016 with annualised growth of 1.7 percent but that was partly due to a boost to consumption as this is a leap year.

Japan's economy unexpectedly picked up in the first three months of 2016 with annualised growth of 1.7 percent but that was partly due to a boost to consumption as this is a leap year.

Business

Gloomy outlook for Greek economy as recession bites deeper

The Greek economy looks set to shrink by 1.0 percent this year putting a further squeeze on ordinary Greeks and businesses after a 0.3 percent contraction in 2015.

The Greek economy looks set to shrink by 1.0 percent this year putting a further squeeze on ordinary Greeks and businesses after a 0.3 percent contraction in 2015.

Business

US hotelier Starwood taps into Cuba tourism boom

US-based Starwood has signed a deal with Cuba's government to run two nationalised hotels in Havana becoming the first US company to invest heavily in Cuba since the 1959 Communist revolution.

US-based Starwood has signed a deal with Cuba's government to run two nationalised hotels in Havana becoming the first US company to invest heavily in Cuba since the 1959 Communist revolution.

Europe

China slowdown could scupper eurozone recovery: EU

The slowdown in emerging economies such as China could derail the eurozone’s fragile recovery, the European Commission said on Thursday. The single

The slowdown in emerging economies such as China could derail the eurozone’s fragile recovery, the European Commission said on Thursday. The single

Business

Bank of France cuts economic growth forecast, citing Paris attacks

The Bank of France has cut its forecast for economic growth in the country to 0.3 percent in the fourth quarter – a reduction of 0.1 percent – partly

The Bank of France has cut its forecast for economic growth in the country to 0.3 percent in the fourth quarter – a reduction of 0.1 percent – partly

Business

Eurozone on the road to recovery

The eurozone recovery is growing stronger according to the influential poll of purchasing managers. The report delivers figures of a four year high

The eurozone recovery is growing stronger according to the influential poll of purchasing managers. The report delivers figures of a four year high

Business

Eurozone recovery accelerates

Beating predictions and exceeding economic expectations. The economy in France grew at its fastest rate in nearly two years. It expanded by more than

Beating predictions and exceeding economic expectations. The economy in France grew at its fastest rate in nearly two years. It expanded by more than