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August, 28, 2016

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Business > Europe
German container shipping giant Hapag-Lloyd announced Monday it is teaming up with United Arab Shipping Company to become one of the world's top five shipping companies as consolidation in the sector continues apace.
 
The European Central Bank, widely expected to hold fire on monetary policy next week, will likely prepare the ground for more stimulus measures in September as the economic fallout for the eurozone from Brexit becomes clearer, analysts predicted.
 
The Bank of England kept its interest rate at 0.50 percent on Thursday, confounding expectations for a reduction -- but signaled a possible August cut in response to Brexit.
 
The pound built on the previous day's gains in Asia Friday after the Bank of England surprised markets by holding fire on an interest rate cut at its first meeting since Britain voted to leave the European Union.
 
Sales of new cars fell in Britain last month as the nation voted to leave the European Union, data showed Friday, while elsewhere in the bloc they continued to accelerate.
 
Business people from Poland and China met Thursday at an event supported by the two governments and intended to promote cooperation.
 
The pound rose Thursday ahead of a meeting of the Bank of England as it mulls an interest rate cut to counter the fallout from Britain's vote to exit the European Union.
 
Eurozone needs more integration post-Brexit: France
The British exit from the European Union makes deeper integration between eurozone countries even more necessary than before, French Finance Minister Michel Sapin said Tuesday.
 
The Bank of England is mulling whether to cut interest rates for the first time in over seven years to curb economic fallout from Britain's vote to exit the EU.
 
Ireland's economy grew by a barely believable 26.3 percent last year, according to official data published on Tuesday which was largely skewed by companies relocating to Ireland for tax purposes.
 
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