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Britain avoids recession but stays hobbled ahead of polls

Bloomberg Britain dodged a recession ahead of the now-postponed October 31 Brexit deadline, but investment is in a slump and the economy has lost almost all momentum. The economy grew 0.3% between July and September, avoiding a second straight quarter of contraction, the Office for National Statistics said. Still, the figures were weaker than expected and showed the economy had ...

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Greece, China sign 16 deals in sectors including energy

Bloomberg Greece and China in Athens signed 16 agreements in sectors including energy, agriculture, tourism and ports. Chinese President Xi Jinping is on an official visit to Greece for follow-up meetings with Greek officials, after Premier Kyriakos Mitsotakis visited China last week. At that time, the leaders said they wanted to expand relations between two of the world’s oldest civilisations. ...

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ArcelorMittal to mothball S Africa plant to curb loss

Bloomberg ArcelorMittal South Africa Ltd will mothball its Saldanha Works plant to curb losses, as raw-material costs and regulated prices mean the operation can no longer effectively compete in steel export markets. Saldanha, on South Africa’s west coast, will be placed on care and maintenance in the first quarter of 2020 and its domestic customers will be served from another ...

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