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Eurozone inflation, jobless data still stubbornly weak

  AFP Eurozone inflation and jobless data on Wednesday fell short of analyst forecasts as the economy bumps along amid speculation the European Central Bank will have to adopt more stimulus measures. The official EU statistics agency Eurostat said eurozone consumer prices rose 0.2 percent in August, the same rate as in July. Eurozone unemployment meanwhile was unchanged at 10.1 ...

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Dotcom’s extradition battle to avoid US trial goes live

  AFP The protracted battle to have Megaupload founder Kim Dotcom face video piracy charges in the United States broke new ground on Wednesday with live-streaming of his appeal against extradition. Dotcom won approval to live-stream his bid to avoid leaving New Zealand after successfully arguing that global interest required more than standard brief television clips. The case, in the ...

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Germany records 6.1 percent unemployment rate in Aug

  AP The number of Germans without jobs dropped slightly in August in seasonally adjusted terms, leaving the unemployment rate in Europe’s largest economy unchanged at 6.1 percent. The Federal Labor Agency said on Wednesday that the number of unemployed dropped by 7,000 in August over July, slightly more than the decline of 4,000 expected by economists. In unadjusted terms, ...

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