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Franco-German cabinet meeting in Paris

French and German leaders gloss over divisions at summit

The leaders of France and Germany sought at a summit on Sunday to pave over divisions that have dogged Europe's closest bilateral relation since the war in Ukraine broke out, leaving many of their most vexed issues to be worked out later.
Illustration shows U.S. Dollar and Euro banknotes

Euro nears nine-month peak as ECB hawks let fly

The dollar was staring at a fourth straight session of losses against the euro on Monday as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive Federal Reserve.
President Emmanuel Macron wants to increase France's defence budget to 400 billion euros ($430 billion) for the next seven years

France to boost defence spending by a third

President Emmanuel Macron on Friday announced plans to increase France's defence budget by a third for the next seven years, after Russia's invasion of Ukraine last year rattled Europe.
German share price index DAX graph is pictured at the stock exchange in Frankfurt

European shares gain on China's reopening optimism

European shares climbed on Friday, as optimistic investors gauged the potential impact of a week-long Lunar New Year holidays after China lifted its COVID-19 curbs, even as concerns over global economic slowdown continued to sap sentiment.
Alphabet and Google CEO Sundar Pichai announced about 12,000 job cuts globally, as his company became the latest US tech giant to enact large-scale restructuring

Google announces 12,000 job cuts

Google's parent company Alphabet announced about 12,000 job cuts globally on Friday citing a changing "economic reality", becoming the latest US tech giant to enact large-scale restructuring.
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