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UK services sector growth hits 8-month high

Bloomberg The UK’s dominant services sector grew at the fastest pace in eight months in June, driving a bounce back in the nation’s economy and boosting the case for a Bank of England rate increase as soon as next month. The unexpected gain in the gauge of activity followed reports this week showing faster growth in manufacturing and construction. IHS ...

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Buoyant euro-area services drive pick-up in growth momentum

Bloomberg The euro area’s services sector expanded at a faster pace than initially estimated in June, as the industry drove a pick-up in the bloc’s growth momentum. A purchasing managers’ index for the region climbed to 55.2 last month, higher than an earlier flash estimate of 55 and up from 53.8 in May, IHS Markit said on Wednesday. The survey ...

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Android fine may come in mid-July as EU dances around Trump

Bloomberg It’s no secret that Google is set for another round of hefty antitrust fines. The decision could come as soon as July 18, judging by the gaping hole in the European Commission’s calendar the week after US President Donald Trump visits Brussels. But while the size of the penalty will grab the headlines — after last year’s record 2.4 ...

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