Britons’ vote to exit the EU is reverberating through its economy, with mixed effects. Some signs are already pointing to a slowdown, at least in the immediate weeks following the vote. Financial information firm IHS Markit Ltd. said on Monday its July purchasing managers index for the manufacturing sector fell to its lowest level since 2013, the latest in a series of gloomy economic signposts, The Wall Street Journal reported.

Vladimir Putin’s economy has been shrinking for 18 months but he still doesn’t have a plan to get it going again, Bloomberg News reported. After focusing almost exclusively on foreign policy since early 2014, the need to get the economy back into gear is forcing the Russian president to face a painful choice: bow to the demands of the markets or protect his Kremlin-centered system. “Putin makes political and geopolitical decisions confidently, but delays on the economic ones because they are harder for him,” said Yevgeny Yasin, a former economy minister.

Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy, Reuters reported. Eight years since the collapse of Lehman Brothers sparked a global banking meltdown, many of Europe's banks are still saddled with billions of euros in poorly performing loans, crimping their ability to lend and putting off investors.

Banks have warned regulators that Britain’s exit from the EU could undermine work they are doing to hive off their retail banking operations from more risky investment banking activities, the Financial Times reported. Executives at several banks, including Royal Bank of Scotland and Lloyds Banking Group, have asked regulators at the Bank of England for clarification on the potential fallout from Brexit for their ringfencing plans.

A Dubai-based firm has failed to get a Supreme Court order aimed at preventing it being sued here over its acquisition of a multi-million euro property in India from companies controlled by members of the family of businessman Sean Quinn, the Irish Times reported.

Grupo Isolux Corsan SA won creditor approval for a 2 billion-euro ($2.2 billion) debt-restructuring plan, paving the way for a Spanish court to authorize the program, Bloomberg News reported. The engineering company received backing from almost 90 percent of creditors and it intends to ask the court to impose the plan on other bondholders, according to a statement on Thursday. Under the proposal, 1.4 billion euros of debt will be turned into convertible instruments, giving creditors 95 percent of the restructured company. Existing shareholders will retain 5 percent.

Over dinner with reporters at an upscale Roman hotel in November, Pier Carlo Padoan, Italy’s finance minister, was asked what he would do if he had a magic wand to help his country’s sluggish economy. The answer was telling: he would wipe away the huge stock of non-performing loans that had accumulated on the balance sheets of Italy’s banks during the recession.

It was started in the name of forging a greater sense of union among the disparate nations of Europe. It was supposed to enhance commercial ties, erode borders and foster a spirit of collective interest, furthering the evolution of former wartime combatants into fellow nations of a united Europe. But the euro, in the 17 years since the common currency came into existence, has instead reinvigorated conflicts, yielding new crises, fresh grievances and a spirit of distrust, the International New York Times reported. So argues the Nobel laureate economist Joseph E.

European Union officials, facing the rise of populist movements across the region, opted against hitting Spain and Portugal with sanctions on Wednesday for breaking the bloc’s rules on government spending, the International New York Times reported. The refusal to impose fines highlights how the 28-nation bloc is struggling with divergent strains of populist and anti-European forces across a region where one member state, Britain, has already voted to leave.

Banco Santander of Spain said on Wednesday that its profit declined by nearly half in the second quarter on restructuring charges and a contribution to a fund to help finance bank “bail-ins” in Europe, the International New York Times reported. For the three months ended June 30, the lender reported a profit of 1.28 billion euros, or about $1.4 billion. That compared with a profit of €2.54 billion in the second quarter of 2015. The second quarter included a gain of €227 million on the sale of its stake in Visa Europe.