Gross domestic product was unchanged from the month before in July, snapping three straight months of expansion that included upwardly revised growth of 0.4% in June.

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China will offer subsidies on interest costs for eligible first-home mortgages as Beijing attempts to revive home sales and turn around the years-long slump in the property sector.

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A narrow focus on Europe’s problems without acknowledging its strengths is making businesses wary, pushing households to build savings and putting Europe’s economic future at risk, according to ING’s chief economist.

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