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Swiss economy grows most in a year

ZURICH / Bloomberg The Swiss economy returned to growth at the end of last year as it fought off the impact of a currency shock that had threatened to push the country into a recession. Gross domestic product rose 0.4 percent in the three months through December, after contracting 0.1 percent in the prior quarter, the State Secretariat for Economic ...

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‘Leave’ vote puts European firms at risk

PARIS / Bloomberg The consequences of a “leave” vote in the U.K.’s June 23 referendum on its European Union membership may spread beyond Britain’s shores, according to Societe Generale SA. While the U.K.’s assets will depreciate should the nation vote to sever a more-than-40-year-alliance with the continent, its close links to the rest of the bloc’s financial entities also leave ...

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Why new Poland offers handouts for kids that exceed Norway’s

WARSAW / Bloomberg Poland’s new rulers have outraged their biggest benefactors, stifled opponents and threatened foreign investors — all while keeping their supporters happy with promises of unprecedented largesse. Welcome to the country’s latest post-communist incarnation: The right-wing Law & Justice party is moving at breakneck speed to upend the status quo with the European Union and impose a new ...

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