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Demographic gap widens between eastern and western Europe

VIENNA: A demographic gulf has opened up in Europe since the fall of the Iron Curtain, with migration behind a population decline in many eastern European countries, according to a new report. While the population grew by 12 percent between 1990 and 2017 in the 15 oldest EU member states — rich western countries — it fell by an average of seven percent in the EU’s 13 newer, and poorest, member states. “While fertility rates in eastern Europe are no longer distinct from those in the West, population movements divide the…

Wall Street has worst start to year ever

NEW YORK: U.S. stocks closed lower on Friday, ending a volatile week with their worst five-day start to a year ever, as sliding oil prices and lingering worries about the global economy offset upbeat U.S. job growth.