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The German economy is expected to shrink by 0.3% this year, as a loss in purchasing power due to high inflation and the tightening of financing conditions are weighing on consumption and investment, the European Commission said on Wednesday. ....
Leftist Robert Fico became prime minister for the fourth time last month after winning an election in which he took aim at critical media, Western partners and liberal policies and pledged to end military support for Ukraine. Fico, who has formed a coalition with smaller leftist and nationalist parties, plans to present the programme to parliament on Tuesday for a confidence vote in his government. The programme promised a special tax on banking profits and measures to cut interest rates on mort ....
The 10-year Treasury yield has surged in September. Bond vigilantes could try to rein in runaway government spending by pushing yields even higher. ....