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Eurozone business activity almost flat again in June
Eurozone business activity almost flat again in June
Business and Economy
by  AFP

Business activity in the eurozone was up marginally in June, marking the sixth consecutive month of expansion -- albeit at a slowing, sluggish pace, a closely watched survey showed Monday. The expansion in the 20-country currency area was centred on the manufacturing sector, where production increased for the fourth successive month, according to the survey.

Oil prices spike after US strikes on Iran
Oil prices spike after US strikes on Iran
Business and Economy
by  AFP

Oil prices surged and Asian markets traded lower on Monday on concerns of disruption to energy markets after US air strikes on Iran's nuclear facilities. "An oil price shock would create a real negative impact on most Asian economies" as many are big net energy importers, they wrote, reflecting the market's downbeat mood.