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Eurozone cuts 2017 growth outlook after Brexit

  Brussels / AFP The European Union on Wednesday edged up its eurozone growth forecast for this year but trimmed it for 2017, warning that the economy faced new challenges due to Brexit and rising inequality. Brussels also nearly halved its economic growth outlook for Britain itself next year due to uncertainty over the country’s vote to leave the bloc. ...

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World’s biggest shipping line falls amid fears of trade wars

  Bloomberg A.P. Moller-Maersk A/S, the owner of the world’s biggest container shipping line, saw its shares fall on Wednesday as the outcome of the US presidential election fanned concern there will be a shift toward policies that are hostile toward global trade. Maersk sank as much as 5.6 percent to trade 3.4 percent lower at 9,215 kroner at 11:29 ...

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Millions in cash burned on one war over rooftop solar panels

  Bloomberg There’s a war brewing over the future of rooftop solar, and Arizona is at ground zero. Pinnacle West Capital Corp., which owns the state’s largest utility, last week said it has formed a third-party group to support candidates for an elected state board that regulates their industry. The move promises to inject $1 million into a race in ...

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