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1
Oct
2015

Euro Area annual inflation/ deflation is expected to be -0.1% in September 2015, down from 0.1% in August 2015, according to a flash estimate today from Eurostat, the statistics office of the European Union. Also today it was reported that the Euro Area (EA19) seasonally-adjusted unemployment rate was 11.0% in August 2015, stable compared to July 2015, and down from 11.5% in August 2014.

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1
Oct
2015

The Euro Area manufacturing sector continued to make steady progress at the end of the third quarter, as production and new business both expanded at modest rates. Cost pressures shifted to the downside, however, with input costs and selling prices falling during the month. Meanwhile, the UK manufacturing sector was subdued.

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1
Oct
2015

Europe has 345 universities in the world top 800, meaning its institutions comprise more than two-fifths of the expanded Times Higher Education (THE) ranking in the 2015/16 edition. Among the Irish universities, UCD (University College Dublin) has closed the gap with its main rival, Trinity College (University of Dublin), to 16 ranks.

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25
Sep
2015

Destatis, the German federal statistics office, on Thursday reported that the population of Germany rose by 430,000 people in 2014 on a year earlier (+0.5%) to stand at 81.2m inhabitants — the highest population increase since 1992, when the rise had been markedly higher in absolute terms (700,000 people). In 2013 there had been an increase of 244,000 people (+0.3%). The population in 1992 was at 80.3m.

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24
Sep
2015

It has been estimated that annual shadow economy tax losses in Europe amount to €454bn or 8.6% of tax revenues — ranging from 31% in Bulgaria to 4.4% in Austria. Earlier this month Pierre Moscovici, European commissioner for Economic and Financial Affairs, Taxation and Customs, urged EU member states to tighten up VAT collection after new figures in a study showed €168bn was lost in 2013.

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23
Sep
2015

Flash PMI survey data pointed to steady growth of the Euro Area economy at the end of the third quarter. Moreover, faster growth of new work and backlogs of orders point to continued expansion in coming months. Selling prices were meanwhile stable despite sharply reduced commodity prices. France continued to lag the upturn, but saw growth pick up from the near-stagnation seen in August. Growth slowed in Germany and in the rest of the region.

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23
Sep
2015

EU interior ministers on Tuesday imposed a quota plan to relocate 120,000 refugees across the Union, in a rare imposition of majority voting to force a decision that is opposed by four eastern European countries. Also on Tuesday the Organisation for Economic Cooperation and Development (OECD) published reports on migration and the current crisis.

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21
Sep
2015

Almost 29% of the people who filed an asylum application in Germany in the first half of 2015 were children and juveniles under 18 years and almost 51% belonged to the age group of the 18 to 34 year olds. This means that approximately 80% of all asylum seekers in Germany were under the age of 35. In comparison, people under 35 accounted for roughly 36% of the total population of Germany in 2013.

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18
Sep
2015

Prices & Earnings 2015: UBS, the Swiss bank, on Thursday released the 16th edition of the triennial UBS Prices and Earnings study (microsite), which examines prices, wages and earners' purchasing power in 71 cities worldwide. While Zurich is the most expensive city, workers in the city can buy an iPhone 6 after 21 hours of work; in Kiev, capital of Ukraine, it takes 30 times longer.

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16
Sep
2015

Angela Merkel, German chancellor, and Werner Faymann, her Austrian counterpart, on Tuesday called for an emergency EU summit on the refugee crisis, while the EU also scheduled a ministerial meeting next week to seek to agree a quota system for sharing out 120,000 refugees following the failure on Monday to agree on burden sharing of the tens of thousands of refugees that have mainly fled the civil war in Syria and are seeking refuge in Europe.

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