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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.

This is the fourth month of Russia’s “special military operation” in Ukraine. The fighting, which began across the country’s northern, eastern and southern territory, is now almost entirely concentrated in the Donbass.