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Fires threaten homes, heritage site on Canaries ... have taken another nosedive as troubling economic data on both sides of the Atlantic have raised fresh concerns about a possible recession.
In the US, monthly housing sales dropped to their lowest level in 10 years. Eurozone business activity contracted more sharply than expected in July, hitting the lowest level since just after the September 11, 2001, terrorist attacks in the United States. The German monthly business climate index calculated by Munich-based economic research institute Ifo, showed that business sentiment plunged unexpectedly to a 34-month low in July amid high oil prices and a strong euro which depresses exports.
(Deutsche Welle)
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