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UK's Labour looks to be more cheerful despite gifts and welfare row
UK's Labour looks to be more cheerful despite gifts and welfare row

Britain's governing Labour party on Monday sought to strike a more upbeat note about the country's future but against a furious backlash from unions at proposed cuts to welfare payments and a row over top ministers receiving gifts. Motions have been proposed at the conference calling for the cut to be abandoned.

Eurozone business activity slumps after Olympics boost
Eurozone business activity slumps after Olympics boost

Eurozone business activity declined for the first time in seven months in September, as France lost steam after the end of the Paris Olympic Games, a key survey said Monday. The decline in business activity could add impetus to calls for the European Central Bank (ECB) to cut its key interest rate again in October.