Factory activity in the world's second largest economy, China, shrank the most in two years in July as new orders fell more than expected.
The soaring value of the Swiss franc against the euro leads Switzerland's central bank to report a first half loss of 50bn francs.
A drop in energy prices offset a rise in industrial goods and helped keep the eurozone's inflation rate at 0.2% in July.
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The scale of cuts being imposed on governments departments will necessitate a reinvention of some services we take for granted