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French finance minister calls trade war 'idiotic', plans US trip
French finance minister calls trade war 'idiotic', plans US trip
by  AFP

France's Finance Minister Eric Lombard called the escalating US-EU trade war "idiotic" on Friday and said he would soon travel to the United States after Washington threatened huge tariffs against French wine and champagne. "By doing this, the United States is hurting itself," Lombard said, describing what he called an "idiotic war".

UK economy unexpectedly shrinks in January in blow to govt
UK economy unexpectedly shrinks in January in blow to govt
by  AFP

Britain's economy unexpectedly shrank in January, official data showed Friday, piling more pressure on the Labour government ahead of its Spring Statement on the economy. The data provides a fresh blow to the government and Prime Minister Keir Starmer, who has put growing the UK economy at the top of his mission since Labour won a general election in July.

UniCredit gets ECB nod for Commerzbank stake
UniCredit gets ECB nod for Commerzbank stake
by  AFP

Italian banking giant UniCredit said Friday it had secured approval from the European Central Bank to buy up to 29.9 percent of Commerzbank, opening the door to a possible takeover of its German rival.

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