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European economy

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Business

No Brexit vote effect on stable eurozone business activity

Business activity in the eurozone in August shows no signs of being hit by Britain's vote to leave the European Union and France enjoyed surprisingly strong growth.

Business activity in the eurozone in August shows no signs of being hit by Britain's vote to leave the European Union and France enjoyed surprisingly strong growth.

Business

Eurozone GDP growth slows in Q2, French economy stalls

The eurozone's economic growth slowed between April and June. It was 0.3 percent quarter-on-quarter, half of the 0.6 percent growth recorded in the first three months of 2016.

The eurozone's economic growth slowed between April and June. It was 0.3 percent quarter-on-quarter, half of the 0.6 percent growth recorded in the first three months of 2016.

Europe

Boris Johnson wants UK to remain key partner in Europe

The British Foreign Secretary Boris Johnson has promised the UK will maintain close ties with its European neighbours despite the Brexit vote.

The British Foreign Secretary Boris Johnson has promised the UK will maintain close ties with its European neighbours despite the Brexit vote.

Business

Eurozone business growth weakens

Economic activity in the eurozone fell less than expected in July, but was still at its lowest since the start of 2015. The Brexit effect was not as bad as economists had feared.

Economic activity in the eurozone fell less than expected in July, but was still at its lowest since the start of 2015. The Brexit effect was not as bad as economists had feared.

Europe

EU warns Spain, Portugal over spending

EU finance ministers say Spain and Portugal have broken the bloc’s budget rules and have not done enough to reduce their deficits.

EU finance ministers say Spain and Portugal have broken the bloc’s budget rules and have not done enough to reduce their deficits.

Business

S&P cuts European Union's credit rating

Standard & Poor's has cut its long-term credit rating on the European Union to 'AA' from 'AA+' because of concerns about the unity of the bloc after Brexit.

Standard & Poor's has cut its long-term credit rating on the European Union to 'AA' from 'AA+' because of concerns about the unity of the bloc after Brexit.

Business

Draghi pushes eurozone reforms - again

The European Central Bank's Mario Draghi argues again reform is needed as well as low interest rates and money printing to get the eurozone's economy growing again.

The European Central Bank's Mario Draghi argues again reform is needed as well as low interest rates and money printing to get the eurozone's economy growing again.