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New York manufacturing falls by second-most in data to 2001

  Bloomberg A gauge of New York state manufacturing activity plunged by the second-most in data back to 2001, with sharp declines in orders and shipments that indicate an abrupt downturn in demand. The Federal Reserve Bank of New York’s August general business conditions index slumped more than 42 points to minus 31.3, with the drop just behind that seen ...

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UK worker shortage leaves $72.60mn of food to rot in fields

  Bloomberg Tens of millions of pounds worth of fresh produce is being left to rot in UK fields because farmers can’t attract enough workers to pick crops, just as the cost-of-living crisis worsens. About 22 million pounds ($27 million) of fruit and vegetables were wasted in the first half of the year due to labour shortages, according to a ...

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Denmark shows unexpected strength to avoid recession

  Bloomberg Denmark’s economy grew faster than expected in the second quarter as a strong labour market helped the Nordic country avoid a recession. Gross domestic product probably expanded 0.7% from the first three months of the year, according to an indicator published by Statistics Denmark. GDP contracted 0.5% in the first quarter of 2022. The data paints a better ...

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