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ECB chief Lagarde quits early, says she cannot speak freely as ‘truth is being distorted’

European Central Bank president says she will resign nine months before her term expires, saying that her position prevents her from speaking freely about issues beyond monetary policy.

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EU

Eurozone economic downturn deepens, raising fears of recession

European economic activity has reduced again this month, according to a new survey, giving rise to fear of a looming recession.

EU

RUSSIA

Europe braces for worst winter as energy shock bites: EU official

The European Union is bracing for a recession in the wake of skyrocketing gas prices and soaring inflation, as the coming winter is likely to be "one of the worst in history," according to a top EU official.

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