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Debt crisis: Is this the end for the euro?
Europe's leaders, policymakers and bond vigilantes are engaged in a fatal three-way game of brinkmanship. The showdown will see either careers bite the dust or the end of the euro. Somehow, though, the ultimate price will be paid.
China's economy set for long-term growth despite hurdles
Growth in China's manufacturing activity slowed for the fourth straight month in July, as the purchasing managers' index (PMI), which previews business conditions in factories, dipped to a 29-month low at 50.7, the China Federation of Logistics and Purchasing (CFLP) said on August 1. ...
Obama signs US debt crisis bill
Speaking at the White House, Obama made clear he expects tax reform to emerge from deliberations by a new committee of Democrats and Republicans to be established by the legislation and a "balanced approach" in which the wealthier pay more taxes is needed for more deficit reduction. ...
HSBC in plans to cut 30,000 jobs
Businessweek reported the London-based global bank, which has about 20 employees in Houston, wants to cut costs by about $3.5 billion. ...
Fraud case we might have seen coming
Vigilance over early signs of misconduct is crucial to tackling scientific fraud. ...
British Gas makes profits of £3m
British Gas has revealed profits of £518m – or almost £3m per day – over the last six months, just weeks after saying it would have to raise gas bills by 18pc and electricity by 16pc. ...
Apple iPhone 5 'due on September 5'
Apple will release the iPhone 5 in America on September 5, with an international release a month later, according to a new rumour. ...
Eurozone Leaders Meet For Crucial Debt Talks
The president of the European Commission has warned all eurozone leaders they must find a way forward. ...
UK economy at 'near standstill', OECD says
The Government could avoid some of the cuts, which slow growth, by ending VAT discounts and exemptions on items and services such as food, transport and domestic fuel, Mr Padoan suggested. ...
Saving the euro, saving Europe
Eurozone finance ministers stated on July 11 that they were looking at ways to enhance the flexibility and scope of the European financial stability facility, the EU’s main rescue mechanism....
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RN
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