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Do not come to Europe’, warns Tusk to economic migrants

Athens / AFP EU President Donald Tusk on Thursday issued a stark warning to economic migrants not to come to Europe, as he castigated countries for taking unilateral action to tackle the crisis. On a visit to Greece — on the frontline of Europe’s worst migration crisis since World War II — Tusk told economic migrants it was pointless to ...

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Pound rally ends as British economy loses momentum

Bloomberg The pound ended its longest run of gains in seven months versus the euro and struggled to maintain a rally against the dollar as evidence mounted that the U.K. economy is losing momentum. Sterling retreated against 12 of its 16 major counterparts after a February index of U.K. services, which account for about three quarters of the nation’s output, ...

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Russia’s services industry grows for first time in five months

Bloomberg Russia’s service industry grew for the first time in five months as a weaker ruble spurred exports, adding to signs that the recession gripping the world’s largest energy exporter is easing. The Russia Services Business Activity Index rose to 50.9 in February from 47.1 in January, according to a statement released Thursday by Markit Economics. The gauge had held ...

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