Eurozone falls into recession; US jobless claims jump; storm clouds over UK housing

Eurozone economy shrank by 0.1% in the final quarter of last year, and the first three months of 2023, putting it into technical recession

Full story: Eurozone sinks into recession as cost of living crisis takes toll

In the City, shares in Vodafone have dropped 4.5% to the bottom of the FTSE 100 leaderboard, amid expectations that a merger with CK Hutchison could be announced imminently.

Vodafone and CK Hutchison, which owns Three, are reportedly in the final stage of agreeing to merge their British operations. An announcement could come as soon as Friday or early next week.

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