Eurozone recession likely as business activity slows – S&P 

Manufacturing and services have slumped to the lowest level since 2020, data shows Business activity in the Eurozone took another hit in August as the bloc’s economic downturn extended from the manufacturing to the services sector, data compiled by S&P Global revealed this week.

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Google’s debts in Russia revealed

Unpaid vendors want the tech giant’s division in Russia to be declared bankrupt Alphabet, the owner of Google and of its Russian subsidiary Google LLC, owes millions of dollars to local vendors, who want their sector of the tech giant’s global operations to be declared bankrupt, TASS reported on Monday, citing minutes from the first…

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Australia demands China lifts trade barriers

Canberra’s trade ties with Beijing can only return to normal if China removes restrictions it still has in place, Australia’s assistant minister for trade Tim Ayres has said. The sides are currently in talks over the issue, with Beijing having lifted tariffs on Australian barley imports earlier this month.

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