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Germany faces $85bn hit as labour shortages intensify

  Bloomberg As Germany grapples with an energy crisis threatening its future as an industrial leader, an acute shortage of workers is compounding problems for manufacturers already struggling to stay competitive. The lack of qualified labour — brought on by an aging population and exacerbated by the pandemic — is starving manufacturers from Airbus SE to BMW AG to BASF ...

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Double-digit inflation all set to return in UK

  Bloomberg Double-digit inflation is set to return in the UK and linger through the end of this year despite the government’s effort to cap energy bills, a survey of economists shows. The findings gathered by Bloomberg also suggest the economy is now in a recession that will last until the second half of 2023 and that the Bank of ...

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Vodafone plans $7 billion fiber venture with Altice in Germany

Bloomberg Vodafone Group Plc will roll out fiber to the home in Germany in a deal with Altice Europe NV to share a $7 billion investment in its biggest market. The 50-50 fiber venture with French billionaire Patrick Drahi’s Altice will build fiber optic lines to as many as 7 million homes in Germany, the companies said in a statement ...

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