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France backtracks over EU deficit target

©Reuters French prime minister Manuel Valls France’s Socialist government has said Paris will stick to its budget deficit target , set by the EU, for 2015 – despite earlier indications…

WTO raises global trade forecasts

WTO raises global trade forecasts

The World Trade Organisation has raised its forecast for growth in global trade this year to 4.7 per cent, while warning that risks such as the slowdown in developing economies…

Fragile Middle: China’s urban dilemma

©AFP Xu Bo has worked in a construction gang in Beijing for four years, helping build the city apartments and skyscrapers that symbolise China’s urban transformation. But when asked if…

Osborne courts right with tax cuts study

©Reuters Chancellor George Osborne George Osborne will appeal to the right wing of the Conservative party on Monday with the publication of further government research that seeks to demonstrate the…

House bubble fear overblown, says forecast

©Bloomberg Fears of a UK housing bubble are exaggerated, according to the Ernst & Young Item Club, a forecasting group. It says the market will gradually cool because of more…

Southern UK house prices hit fresh peak

©Bloomberg House prices in southern England have hit record highs, as surging London values “ripple” across parts of the country, according to the property site Rightmove. Asking prices have reached…

Pay rises as City feels skills scarcity

©Reuters Starting salaries in the City are rising as London’s financial services sector sees “early signs” of skills shortages despite sluggish jobs growth, a recruitment company has found. The average…

Wales tops regional growth table

Wales achieved the fastest growth in business activity last month, while London regained its place as the best-performing English region, according to the latest Lloyds Bank regional purchasing managers’ index.…

Self-employed not job-creators, says study

©Charlie Bibby Frances O’Grady, TUC general secretary Britain’s surge in self-employment is being driven by people working for themselves, rather than starting job-creating businesses, according to research that will spark…

Doom-mongers risk a self-fulfilling prophecy

Is the euro area entering a “lost decade” with a conjunction of low growth and deflation? The discussion sparked by the International Monetary Fund, market participants and media is unsettling.…