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British Inflation Slows to 2.6%

Britain's annual inflation rate surprisingly slowed to 2.6 percent in June, mainly owing to a drop in motel fuel prices, official data showed Tuesday.

The Consumer Prices Index had hit 2.9 percent in May, close to a four-year high, as a Brexit-hit pound raises import costs.

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Dollar Down as Trump Health Care Blow Fuels Tax Reform Fears

The dollar sank Tuesday as two Republican senators rejected their party's bill to repeal Obamacare, effectively killing it and throwing Donald Trump's economic agenda into doubt.

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Air France Wins Pilots' Approval for Lower-Cost Airline

A lengthy dispute between Air France management and pilots ended Monday after the pilots backed the establishment of a lower-cost subsidiary to try to compete with budget airlines and Gulf carriers.

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IMF Hails 'Ambitious' French Reforms under Macron

The IMF on Monday hailed French President Emmanuel Macron's "ambitious" reform program, saying his spending cuts and tax overhaul could "go a long way in addressing... longstanding economic challenges".

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China's Economy Posts Steady Growth but Risks Remain

China posted better-than-expected second quarter growth on Monday, but analysts warned that the momentum will not last as authorities clamp down on rising debt.

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US Firms Face Hiring Difficulties, Business Survey Says

A growing share of US employers are struggling to hire new workers and some have raised wages as a result, according to a survey released Monday.

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West, Russia Battle for Balkans Gas Corridors

The West and Russia are battling for control of the transport of natural gas through the Balkans, as both sides pursue their geopolitical agenda in the volatile region.

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Leaked Memo: France Sees Brexit as Tool to Weaken City of London

France is seeking to use Brexit to weaken the City of London, the British finance sector's EU pointman warned in a leaked report published Sunday.

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Hammond Says UK Will Pay Brexit Debts, Admits Cabinet Splits

Finance minister Philip Hammond said Sunday that Britain will take responsibility for the money it owes the EU after leaving the bloc, as he acknowledged the cabinet was split over Brexit.

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Greece Heading for Bond Market Test 'within Days'

Bolstered by its third bailout program and positive reports from the European Union, Greece is planning an imminent test of the bond market, local media said this weekend.

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