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At Jackson Hole, the death of Phillips Curve may concern central bankers

Bradly Boner | Bloomberg | Getty Images Janet Yellen speaks with Mario Draghi at the Jackson Hole economic symposium, Aug. 22, 2014. As central bankers gather at the annual Jackson Hole symposium on Friday, analysts think the death of a major economic concept could dominate discussions. Known as Phillips curve, …

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Weak pound pushes UK household spending growth to slowest since 2014

Oli Scarff | Getty Images News | Getty Images Shoppers queue to pay for their shopping in the Tesco Extra superstore on April 20, 2009 in New Malden, Surrey, England. Overall growth in gross domestic product was unrevised from an earlier estimate at 0.3 percent on a quarterly basis and …

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Dutch police question Spaniard after concert cancelled

Arie Kievit | AFP | Getty Images Police stand during the evacuation the Maassilo concert venue after a concert by Californian band Allah-Las was canceled in relation to a terror attack threat, according to police and the venue, on August 23, 2017, in Rotterdam. Dutch police on Thursday questioned a …

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Germany’s Chinese takeover regulations could have a downside

Oliver Berg | AFP | Getty Images The headquarters of chip equipment maker Aixtron is pictured in Herzogenrath, western Germany on October 25, 2016. For many firms, however, tighter regulations are an infringement of the state of the free market and simply block much-needed investment. “I’m wondering how many companies …

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German police seize thousands of ‘Trump’ ecstasy tablets

Police Osnabrueck via AP This undated picture provided by Polizeiinspektion Osnabrueck police shows an ecstasy pill. German police say they have seized thousands of ecstasy pills in the shape of President Donald Trump’s head, a haul with an estimated street value of 39,000 euros ($45,900). German police say they have …

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Merkel hits out at predecessor in Russia row before election

Maurizio Gambarini | Anadolu Agency | Getty Images Chancellor of Germany Angela Merkel attends a press conference in the Chancellery in Berlin, Germany on July 05, 2017. German Chancellor Angela Merkel criticized her predecessor, Gerhard Schroeder, on Monday for taking a new job at Russian oil producer Rosneft and said …

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1 dead as vehicle rams bus stops in Marseille, France

BERTRAND LANGLOIS | AFP | Getty Images French forensic police officers gesture to pedestrians as they take images while searching a vehicle following a car crash in the southern Mediterranean city of Marseille on August 21, 2017. At least one person has died in Marseille after a car crashed into …

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Russia’s Rosneft closes deal to buy 49 pct stake in India’s Essar Oil

Stanislav Zalesov | Kommersant | Getty Images Worker at Vankor Field, operated by Russian national oil company Rosneft, in Igarka, Russia. Russia’s largest oil producer Rosneft said on Monday it had successfully closed a deal to buy a 49 percent stake in Indian private refiner Essar Oil Limited (EOL). An …

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Finnish police say arrested four other Moroccan men over links to stabbings

RONI LEHTI | AFP | Getty Images An armed police officer stands guard at the Turku Market Square in the Finnish city of Turku where several people were stabbed on August 18, 2017. Finnish police said they has arrested four other Moroccan men over their possible links to the man …

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