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Three Gulf Arab states pledge $2.5bn to Jordan after protests

Three Gulf Arab states pledged $2.5 billion in aid to Jordan on Monday in an effort to stabilize the US-allied kingdom as it faces its worst protests in years over government austerity plans that include tax increases.
The money from Kuwait, Saudi Arabia and the United Arab Emirates will go toward a deposit in Jordan’s Central Bank, cover World Bank guarantees for the kingdom, offer budget support and finance other development projects. Source: France24


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Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/9777be02-61a7-11e9-a27a-fdd51850994c The eurozone’s manufacturing sector remains stuck in a rut as its two largest economies missed expectations and continued to contract in April, according to a closely watched survey of industry executives. The IHS Markit Purchasing Managers’ Index for manufacturing in Germany rose slightly to 44.5 from 44.1 previously, but this was below expectations in a Reuters poll of an increase to 45.

The eurozone’s manufacturing sector remains stuck in a rut as its two largest economies missed expectations and continued to contract in April, according to a closely watched survey of industry executives.

The IHS Markit Purchasing Managers’ Index for manufacturing in Germany rose slightly to 44.5 from 44.1 previously, but this was below expectations in a Reuters poll of an increase to 45.Source Financial Times

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