Trial of Catalonia independence leaders a stress test for Spain's democracy – Puigdemont

BERLIN, Feb 12 (Reuters) – A trial of 12 Catalan political leaders in Madrid on Tuesday is a stress test for Spain’s judicial system and its democracy, former leader of Catalonia, living in self-imposed exile in Belgium, Carles Puigdemont said during a conference in Berlin. The political leaders face charges of rebellion, sedition and misuse of public funds for their […]

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Eurozone Inflation Slows Further, Manufacturing Nears Stagnation

Eurozone consumer price inflation slowed for a third month in January to its lowest level in nine months on weaker energy price growth, while core inflation accelerated as services costs grew at a faster rate. Elsewhere, the latest survey data from IHS Markit showed that the Eurozone manufacturing sector moved closer to stagnation in January amid a modest gain in […]

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Eurozone Inflation Slows Further, Manufacturing Nears Stagnation

Eurozone consumer price inflation slowed for a third month in January to its lowest level in nine months on weaker energy price growth, while core inflation accelerated as services costs grew at a faster rate. Elsewhere, the latest survey data from IHS Markit showed that the Eurozone manufacturing sector moved closer to stagnation in January amid a modest gain in […]

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Eurozone Manufacturing Growth Weakest Since Early 2016

Eurozone manufacturing expanded at the weakest pace since early 2016 in December as new orders fell for a third month and business confidence eroded to a six-year low, results of the survey by IHS Markit confirmed on Wednesday. The final Eurozone Manufacturing Purchasing Managers’ Index, or PMI, was 51.4, unchanged from the flash, but lower than November’s 51.8. A PMI […]

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Spain December Inflation At 8-month Low

Spain’s consumer price inflation slowed more-than-expected in December to its lowest level in eight months, led by a fall in the prices of fuels, preliminary data from the statistical office INE showed on Friday. The consumer price index rose 1.2 percent year-on-year following a 1.7 percent increase in November. Economists had forecast a score of 1.6 percent. The latest inflation […]

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UPDATE 2-Spain PM changes tack on budget timing after regional election jolt

(Adds Sanchez’ comments on EU election) MADRID, Dec 4 (Reuters) – Spanish Prime Minister Pedro Sanchez said on Tuesday his government was planning to put forward a proposal for the 2019 budget in January, changing strategy after an electoral setback on Sunday in a Socialist stronghold. Spain’s political landscape has been upended by the unprecedented election of 12 far-right lawmakers […]

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Spain looks to clear up mortgage tax confusion

The Spanish government says it is looking to enact legislation to make banks, and not their customers, liable for paying future taxes on housing loans. Prime Minister Pedro Sanchez says the reform, which would need to be approved by parliament, aims to provide certainty after weeks of confusion following conflicting rulings by the country's Supreme Court. Continue Reading Below On […]

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Eurozone Inflation Near 6-Year High

Eurozone inflation accelerated to a near six-year high in October largely on energy prices and the unemployment rate was at its lowest since 2008, despite the economy growing at the slowest pace in four years. Inflation rose to 2.2 percent in October from 2.1 percent in September, flash data from Eurostat showed Wednesday. A similar higher rate was last seen […]

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Spain promises to cut deficit despite a 22% jump in minimum wage, economy minister says  

Perhaps one of the most surprising measures of the 2019 budget plan was a 22 percent increase in the minimum wage to 900 euros a month ($1024). Calviño explained to CNBC that there has been a decrease in real wages that needs to be tackled. Madrid will bring down its public deficit in 2019 despite ongoing concerns that the minority […]

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