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Recovery driven by rise in temp jobs

They call it the “precariat”. In a continent known for strong employee protections, more than half of the eurozone’s young workers are in temporary jobs, churning from one shortlived contract to the next. In Spain,…


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Greek banks fall a further 30%

There were further heavy losses for Greek banking stocks on Tuesday, with shares across the sector once again falling by around 30 per cent, the bottom of their daily limit. Bank of Piraeus made the…


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Crédit Agricole nears US sanctions deal

©Bloomberg Crédit Agricole said it was nearing a settlement with US authorities over sanctions breaches as the French lender reported a sharp jump in pre-tax profit in the second quarter. The country’s second-largest bank by…


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BMW warns of impact from China slowdown

©AFP BMW has become more cautious about its prospects due to the slowdown in China’s car market but reiterated its full year targets on Tuesday. In his first earnings update since taking over as chief…


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Move to seize North Korea ship in Mexico

©AFP The family of a South Korean man believed killed in North Korea are trying to seize a Pyongyang-owned vessel being held in Mexico, in a new sign of how legal snares are complicating the…


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China support for stocks tracks tradition

Japan and Hong Kong have used similar tactics, but difference lies in valuation levels ©AFP Of the many verdicts on Beijing’s efforts to prop up Chinese equities, the accusation of bungling was among the kinder…


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Last Dambusters pilot dies aged 96

The last surviving Dambusters pilot, Les Munro, has died at the age of 96, the New Zealand Bomber Command Association has said. Sqd Ldr Munro died in hospital in his native New Zealand on Monday…


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$675m in Malaysia PM’s account ‘from donor’

The $675m found in the bank accounts of Najib Razak, Malaysia’s prime minister, was a donation and not related to payments from the indebted state investment fund 1MDB, according to the country’s anti-corruption commission. The…


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Bosnia mired in ethnic politics and frustration

Serbian PM Aleksandar Vucic was chased by stone-throwing protesters on the 20th anniversary of the Srebrenica massacre Business as usual is a concept which does not apply to Bosnia. How can it in a country…


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What next for the EU?

Anti-austerity protests continued in Greece last month The EU is experiencing perhaps its most fraught period since being created in 1957. The crises seem to be never-ending and there is growing popular discontent. But how…