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May, 28, 2016

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Business > Europe
The European Central Bank's plan to buy corporate bonds to help the eurozone economy is boosting the private-sector debt market which promptly responded with a new record-sized company bond.
 
The president of Germany's Bundesbank on Saturday criticized the latest package of stimulus measures by the ECB including slashing rates still further, warning against "reckless" moves and unintended fallout.
 
French lawmakers have voted to slash a surtax on imported palm oil -- dubbed the Nutella tax because the commodity is used in the popular chocolate spread -- after protests from top growers Indonesia and Malaysia.
 
Italian deputies on Thursday approved a new law aimed at curbing food waste which will make it easier for supermarkets, wholesalers and farmers to pass unsold products on to charities.
 
Virtual reality and 3D printing are among top technologies showcased by thousands of IT companies attending this year's technology show CeBIT in the northern German city of Hanover.
 
Deutsche Boerse and the London Stock Exchange on Wednesday agreed to press ahead with their planned merger to create one of the world's biggest exchanges, insisting the tie-up will succeed irrespective of the outcome of the looming "Brexit" vote on Britain's future in Europe.
 
The doomsayers were 100 percent certain that the Internet would be the death of travel agents.
 
The German blue-chip DAX index on Monday rose above the key psychological level of 10,000 points for the first time since mid-January, driven higher by a strong start to the week across Asian markets, traders said.
 
Hundreds of thousands protest French jobs reform
Hundreds of thousands of French students and workers took to the streets in protest of labor reforms Wednesday, heaping pressure on French President Francois Hollande's already unpopular and fractured Socialist government.
 
The European Central Bank cut all its main interest rates, expanded its bond-buying stimulus program, and offered new cheap loans to banks, making an unexpectedly aggressive effort to boost inflation and economic growth in the 19 countries that share the euro.
 
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