The initial estimate of annual inflation in the euro zone fell to 2.8% in December, from 3.0% in November, in line with expectations.

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Separately, euro-zone inflation fell to an annual rate of 1.2% in April, the lowest in more than three years.

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The European Commission is expected to call for part of the North Sea to be declared a no-go zone for cod fishing ahead of its annual round of negotiations between fisheries ministers.

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Also, Euro zone inflation fell to 1.7% on an annual basis in March, from 1.8% in February.

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For the industry to raise a pot worth 1.4% of assets, euro-zone banks would have to be taxed a fifth of their annual earnings for five years.

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However, unlike most of his euro-zone counterparts, his salary is openly disclosed in the bank's annual report.

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European Union economic data released Tuesday showed Euro zone inflation was unchanged in September, at a 2.6% annual rate.

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In overnight news, European Union economic data showed Euro zone inflation was unchanged in September, at a 2.6% annual rate.

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Meanwhile, the Chinese government can boast that it has established in Western China an economic zone for cloud computing and automotive and aerospace production resulting in 12.5% annual growth and 49% growth in annual tax revenue, with wages rising more than 10% a year.

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Fresh EU economic data Friday showed Euro Zone inflation up-ticked just a bit, to 2.7% on an annual basis.

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