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US labour demand to show resilience as economy cools

  Bloomberg Employers in the US probably added workers at a more moderate yet still healthy pace last month as the jobless rate held near its lowest level in decades, suggesting resilient labour demand even as the economy cools. The government’s latest payrolls tally is projected to show a 273,000 increase for June, based on the Bloomberg survey median. The ...

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Italy readying plan to extend fuel tax holiday

  Bloomberg Italy’s government plans further measures to cushion the impact of high energy prices, including extending a fuel tax holiday to the beginning of October, Il Messaggero newspaper reported. The package, likely to be approved in the second half of July according to the newspaper, would be worth around 8 billion euros ($8.3 billion). The cost would be covered ...

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Germany’s union head warns of collapse of entire industries

  Bloomberg Top German industries could face collapse because of cuts in the supplies of Russian natural gas, the country’s top union official warned before crisis talks with Chancellor Olaf Scholz starting Monday. “Because of the gas bottlenecks, entire industries are in danger of permanently collapsing: aluminum, glass, the chemical industry,” said Yasmin Fahimi, the head of the German Federation ...

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