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It is a growing Europe that starts at an optimistic fourth quarter with rosy prospects for the coming year, though likely to be less positive than the current one. In the second quarter, GDP grew, compared to the already positive first quarter, both in the Euro area and in the European Union 28 countries, marking a total of + 0.6%. Compared to 2016, the corrected GDP for the effects of the calendar has increased by 2.1% in the Eurozone and by 2.2% in the EU28, slightly up from the first quarter, respectively by 1.9% and + 2.1%.On the other hand, the same International Monetary Fund had revised upwards estimates for some euro area countries, including France, Germany, Italy and Spain, after the positive performance recorded in the first quarter. In the Eurozone, the IMF estimates were up by 1.9% (+ 1.7%) and 2018 to +1.7% (+ 1.6%).Italy will remain with Japan the tailbone of the G7 countries, with an expected GDP growth of 1.3% (against 0.8% assumed three months ago), which should...


[foto:3:left]Royal Dutch Shell is cutting spending in its North American exploration and production business by a fifth and could sell more of its shale oil and gas assets.It is another sign that major energy companies are struggling to make...




Turkish GDP has risen more than forecast. Gross domestic product grew in the third quarter by 4.4 percent from the same period last year.Strong domestic demand offset a weaker export...




China is aiming to double trading volumes with central and eastern members of the European Union within the next five years. Central and Eastern Europe (CEE) accounts for less than a...




More than 19 million people are unemployed across the eurozone. Although the overall rate fell slightly in November to 19.2 million, from 19.3 million in October youth unemployment...




Renault has finally won approval from the Chinese authorities to begin production there in a joint venture with the Dongfeng Motor Group. That comes after almost a decade of...




Australia is losing another carmaker. General Motors says it will stop making vehicles down under by 2017.This comes just months after Ford said it will close its plants there in two...




Spain's exports have played a central role in lifting the country out of the two year recession. That's according to data released by Madrid's Economy Ministry. There was an 8.3...




Ford says it plans to add more than 11,000 workers to its payrolls next year. Five thousand of the jobs will be in the United States and 3,300 of those will be white-collar positions...


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