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US business output expands most on record in April

Bloomberg A gauge of output at US manufacturers and service providers reached a record high in April, adding to evidence of stronger demand that’s fuelling inflationary pressures. The IHS Markit flash composite index of purchasing managers at manufacturers and service providers increased to 62.2, the highest in data back to 2009, from 59.7 a month earlier, the group reported. Readings ...

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Finnish cabinet’s future hangs in balance as budget talks sour

Bloomberg Finland’s government is set to resume talks on its economic stance after coming close to a breakup during the weekend. The negotiations intended to hammer out a spending framework for the next four years ended up exposing tensions within the five-party coalition half way through its term. Social Democrat Prime Minister Sanna Marin and the left-leaning parties are pushing ...

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UK payrolls drop for first time in 4 months

Bloomberg The UK labour market weakened unexpectedly, with company payrolls falling for the first time in four months and more people dropping out of the workforce. The number of employees on payrolls fall 56,000 in March, the Office for National Statistics said. The jobless rate falls to 4.9% in the quarter through February because 80,000 people became economically inactive, indicating ...

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