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UK economy loses steam over Brexit woes

Bloomberg The UK economy lost momentum in the three months through October, a further sign of the toll being taken by Brexit uncertainty. Growth slowed to 0.4 percent from 0.6 percent in the third quarter, the Office for National Statistics said on Monday. In October alone, growth was just 0.1 percent, with the economy being spared a third month of ...

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US service sector rises to near-record level

Bloomberg A gauge of US service industries unexpectedly rose in November to a near-record level amid gains in business activity and new orders, adding to indications that the sector remains robust in the fourth quarter. The non-manufacturing index rose to 60.7, an Institute for Supply Management survey showed. That compared with estimates for a decline to 59. The advance was ...

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German rail services resuming after strike

Bloomberg Deutsche Bahn AG is restoring full rail service after suspending all German long-dist- ance trains due to a strike over pay by the EVG union that also affected some local, regional and freight lines. Long-haul traffic is gradually resuming following the walkout’s end at 9 am local time, Deutsche Bahn said on Monday. Passengers should expect restricted service throughout ...

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