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Italian unemployment rate climbs back to highest since June

  Bloomberg Italy’s unemployment rate rose more than estimated in April amid weakening business and household expectations for recovery in the euro region’s third-biggest economy. Consumer prices on an annual basis fell for a fourth month in a row in May. The jobless rate rose to 11.7 percent from a revised 11.5 percent in March, national statistics agency Istat said ...

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German jobless queue shrinks to post-unification low

Frankfurt / AFP Unemployment in Germany fell to its lowest level since East and West Germany reunited after the fall of the Berlin Wall, as Europe’s top economy continues to recover, data showed on Tuesday. The unemployment rate — which measures the jobless total against the working population as a whole — fell to 6.1 percent in May from 6.2 ...

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OPEC’s cheap oil strategy lures drivers back into gas guzzlers

  Bloomberg As OPEC ministers gather in Vienna, they may notice more sport utility vehicles on the streets of the Austrian capital than on previous visits. Last year, SUVs outsold any other type of passenger vehicle in Europe for the first time, according to auto industry consultants JATO Dynamics. The trend has continued in 2016, with demand for SUVs such ...

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