Eurozone Wage Growth Accelerates as Unemployment Falls to Precrisis Levels: Wage growth in the eurozone accelerated for the second straight quarter in the three months through June, reinforcing the European Central Bank’s view that the economy is running at close to its full capacity even as it has slowed.
Germany Strikes Antimigrant Deal With Italy as New Government Crisis Brews: Germany and Italy have agreed in principle to stop illegal immigrants from traveling between the two countries, Germany’s interior minister said, delivering on a compromise that ended a serious internal crisis in Chancellor Angela Merkel’s government earlier this year.
France Acknowledges Torture During Algerian War: France has recognized the use of torture by its military during the Algerian War in an attempt by the government of President Emmanuel Macron to heal the wounds of its colonial past.
Bank of France Reduces 2018 GDP Growth Forecast: The Bank of France reduced its growth forecast, saying it expects slower economic expansion than its prior projections for this year and next. The central bank kept intact its forecasts for inflation and unemployment.
BOE’s Carney: Britain Could Lose 10% of Jobs to Automation: Central bank governor expects widespread automation to boost productivity, but lead to a period of higher unemployment.
Russia Raises Interest Rates to Boost Ruble: Russia’s central bank raised interest rates, moving to defend the ruble as global investors question the outlook for emerging-market economies and the possibility of fresh U.S. sanctions.
Turkey’s Erdogan Warns He Won’t Tolerate High Rates for Long: Turkish President Recep Tayyip Erdogan warned that he would tolerate higher lending rates only for some time, a day after the central bank raised its benchmark interest rate above inflation for the first time in a decade.
Deutsche Bank Renews Investment Bank Chief’s Contract: Deutsche Bank AG renewed the contract of the head of its investment bank, Garth Ritchie, during a supervisory-board meeting, according to a person familiar with the matter.
IN THE PAPERS
Labour To Vote Against Brexit Deal, Emily Thornberry says -- Financial Times
Business Fears Being Swamped in Red Tape by 'No Deal' Brexit -- The Telegraph
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