With Brexit and trade wars, European industry is in economic darkness

With Brexit and trade wars, European industry is in economic darkness

The eurozone’s manufacturing sector contracted for the ninth consecutive month in October, based on the latest Purchasing Managers’ Index (PMI) calculated by the Markit firm. EURACTIV’s partner La Tribune reports. According to the eurozone’s PMI published by Markit on Monday (4 November), the economic situation has once again darkened on the industrial apparatus. The indicator, which takes into account several factors related to the industrial sector’s health, recovered very slightly in October to 45.9 from 45.7 in September but remained well below 50. With the postponement of Brexit, trade tensions…

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Macron plays ‘European’ card on state visit to China

Macron plays ‘European’ card on state visit to China

French President Emmanuel Macron arrived in Shanghai on Monday (4 November), accompanied by a European Commissioner and a German minister. Europeans finally feel they have a card to play against China, while Washington remains opposed to Beijing. EURACTIV’s partner Ouest-France reports. Macron has promised to visit China every year. On Monday, he visited the country for the second time, following his first visit in January 2018. With a constant concern of having to play ‘European’, he was not only accompanied by the usual French business leaders (Orano, Sanofi, Safran, Schneider,…

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