Business

Pope Francis asks business leaders to be more open and inclusive

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In a message to delegates at the 44th World Economic Forum Annual Meeting in Davos-Klosters, Switzerland, Pope Francis urged business and political leaders to...
Wealth inequality

85 richest people own the same wealth as 3.5 billion

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A tiny elite, the 85 richest people in the world, own the wealth shared by almost half of the world’s population, says charity organization...
China

Chinese economy grew by 7.7% in Q4 2013

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During the fourth quarter of 2013 the Chinese economy grew by 7.7%, matching 2012’s growth rate and showing signs of stabilizing, the National Bureau...
bank of england

UK Real wages set to rise

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After a decade of weak earnings growth, low productivity and years of high inflation, Ben Broadbent, an external member of the Monetary Committee of...

2013 German current account surplus a world record

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The German current account surplus for 2013, likely to have exceeded €200 billion ($270 billion) in 2013, was a world record. The country exported a...
industry

US December industrial production rose 0.3%

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US December industrial production increased by 0.3% compared to November, its fifth successive monthly rise, according to the Federal Reserve (Fed) today. The index...

Widening wealth gap a growing global problem

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The widening wealth gap – the difference in incomes between the richest and poorest individuals - is a risk that has the potential to...
us flag

2014 breakout year for the United States

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The Economic Advisory Committee of the American Bankers Association says that 2014 will be a breakout year for the country, as the fiscal drag...

December Consumer Price Index rose 0.3, fastest gain in 6 months

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The US December Consumer Price Index (CPI) had its largest increase in six months, according to the Labor Department. The CPI rose 0.3% after...

Global deflation is rising risk, says IMF’s Christine Lagarde

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Even though things look promising for the world economy, global inflation is a rising risk, IMF Managing Director Christine Lagarde warned in Washington D.C....