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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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Treasuries lose their lead over shares as Fed moves towards shift

  Bloomberg Treasuries have lost their edge over stocks as the U.S. economy expands enough to push the Federal Reserve toward raising interest rates. U.S. government securities stagnated for a second month in May, leaving them little changed for the second quarter. The S&P 500 Index of shares has returned 2.3 percent since the end of March, based on data ...

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