EUROPEAN NEWS — BUSINESS

A recent deal to allow a group headed by Luxembourg steel giant ArcelorMittal to take over troubled Italian steel maker Ilva is aiming to preserve jobs but it does too little to address environmental concerns, commentators said.

The level of non-performing loans in the Albanian banking system has recorded a further decline, falling down to a new low of 16.6 percent in April, the lowest since mid-2011, data from the Bank of Albania (BoA) showed Sunday.

A further solid rise in business activity in June rounded off the strongest quarter of economic expansion across the 19-country eurozone for over six years, a survey showed Tuesday.

The German private sector grew at a slower pace in June, but still remained strong, a closely-watched survey showed on Friday.

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