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    Europe’s Extreme Summer Weather Could Cost It Billions

    Heat waves and flooding could cost the European Union $50 billion in damage to buildings and crops as well as a loss of productivity, a new study found.
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    ECB Officials See a Chance for Europe to Compete With U.S. and China

    Central bankers who gathered in Portugal this week focused on ways that Europe could improve its competitiveness with the United States and China.
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    Despite Pressure From Trump, Powell Remains Patient on Rate Cuts

    The Federal Reserve chair said the central bank would make decisions on interest rates based on data.
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    European Central Bank Cuts Rates as Trade War Weighs on the Economy

    It was the eighth rate cut in the past year as officials try to steer Europe’s economy through “exceptional” uncertainty.