Eurozone industrial output fell sharply in October, stoking concerns a fragile recovery from a record recession could be stalling, official data showed on Thursday. Industrial output in the 17-nation eurozone slumped 1.1 percent in October compared with September when it fell a revised 0.2 percent, the Eurostat statistics agency said. In the full 28-member European Union, industrial production dropped 0.7 percent after a marginal gain of 0.1 percent in September, Eurostat said. "October’s marked drop in industrial production indicates that the eurozone is struggling to regain even modest economic momentum," said Howard Archer of IHS Global Insight.
VATICAN CITY (AP) — European inspectors gave the Vatican a mixed report card Thursday in its efforts to comply with international norms to fight money laundering and terror financing: While they praised the speedy overhaul of its legal code, they said the jury is still out about how those new laws are being implemented.