Euro zone unemployment equals record high in March

BRUSSELS (Reuters) – Unemployment in the euro zone rose to 10.9 percent in March, equaling the record high of 15 years ago, data showed on Wednesday, driven by rises in Italy and Spain. The jobless rate in the 17 nations using the single currency increased by 0.1 percentage point from February, as expected by economists polled by Reuters. The unemployment rate was also 10.9 percent in February, March and April 1997. It has never risen above that in data stretching back to the start of 1995. In the wider 27-nation European Union, unemployment was steady at 10.2 percent, equivalent to some 24. …

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Euro zone unemployment equals record high in March

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US stocks drift lower on European debt worries

Stocks slipped early Thursday on renewed fears over the European debt crisis.

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US stocks drift lower on European debt worries

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Ford launches B-Max subcompact

Ford launched its new B-Max family car at the Geneva Motor Show on Tuesday, amid concerns that faltering demand in Europe may require mass market automakers to consider further plant closures.

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Ford launches B-Max subcompact

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Eastern Europeans fuel fight for Internet freedoms (AP)

AP – Eastern Europe’s tradition of political revolt has met the digital age. This time it’s not communists or food shortages fueling fury, but an international copyright treaty that opponents say threatens freedom on the Internet.

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Eastern Europeans fuel fight for Internet freedoms
(AP)

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Airlines urge U.N. deal to avert carbon trade war (Reuters)

Reuters – Global airlines called on Sunday for a U.N.-brokered deal to prevent a row over aviation emissions between China and the European Union spilling into a damaging trade war.

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Airlines urge U.N. deal to avert carbon trade war
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Soros says EU break-up would be catastrophic: report (Reuters)

Reuters – A collapse of the euro and break-up of the European Union would have catastrophic consequences for the global financial system, billionaire investor George Soros was quoted as saying.

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Soros says EU break-up would be catastrophic: report
(Reuters)

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Exclusive: Fiat-Chrysler CEO "guardedly optimistic" on euro (Reuters)

Reuters – Sergio Marchionne, the chief executive of Chrysler Group LLC and Fiat SpA, is “guardedly optimistic” the European Union will take steps this week to help the euro regain its credibility.

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Exclusive: Fiat-Chrysler CEO "guardedly optimistic" on euro
(Reuters)

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Euro zone enters a decisive week (Reuters)

Reuters – The euro faces a decisive week as European Union leaders, urged on anxiously by the United States, seek agreement on the definitive rescue plan that has eluded them for two years.

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Euro zone enters a decisive week
(Reuters)

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World’s central banks act to ease market strains (AP)

AP – Major central banks around the globe took coordinated action Wednesday to ease the strains on the world’s financial system, saying they would make it easier for banks to get dollars if they need them. Stock markets and the euro rose sharply on the move.

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World’s central banks act to ease market strains
(AP)

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Euro area crisis threatens EU sovereign ratings: Moody’s (Reuters)

Reuters – Moody’s Investors Service warned on Monday the rapid escalation of the euro zone sovereign and banking crisis threatens the credit standing of all European government bond ratings.

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Euro area crisis threatens EU sovereign ratings: Moody’s
(Reuters)

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