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October, 1, 2016

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Germany and Britain agreed Wednesday that Prime Minister Theresa May needed time to prepare for talks to leave the EU, after London took the first step toward Brexit by giving up its presidency of the European Council.
The European Central Bank left its key interest rates unchanged at record lows on Thursday as it assesses the impact on the economy of Britain's vote to leave the European Union.
EU slaps biggest-ever cartel fine on truck firms
The European Union has slapped its biggest ever cartel fine, worth US$3.24 billion and twice the previous record, on several of Europe's top truck producers for colluding to keep prices artificially high at the expense of consumers.
China's property and entertainment giant Wanda has agreed to sell a historic Madrid skyscraper, a source close to negotiations said Wednesday, after feuding with city authorities over plans to renovate the landmark.
Investor confidence in Germany plummeted in July to its lowest level in nearly four years on concerns about the fallout for Europe's biggest economy from the British vote to quit the European Union, a leading survey showed on Tuesday.
U.S. Treasury Secretary Jacob Lew will press Greece's government to move ahead on economic reforms in a visit to Athens this week, the Treasury Department said Monday.
Britain's annual inflation rate rose last month from May, official data showed Tuesday, and faces further gains as a weak pound caused by the Brexit vote raises import prices.
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.
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