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The WTO’s 25 years of achievement and challenges
As the WTO marks its 25-year anniversary, Director-General Roberto Azevêdo reflects on the organisation’s achievements and on the formidable challenges it faces in the coming years. The WTO at 25: A message from the Director-General Over this past quarter century, the WTO has helped transform international economic relations. Binding rules for global trade in […]
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Global Wealth Report 2019: Global wealth rises by 2.6% driven by US & China, despite trade tensions
Credit Suisse Research Institute publishes its tenth edition of the Global Wealth Report, the most comprehensive and up-to-date source of information on global household wealth. Global wealth grew during the past year by 2.6% to USD 360tn and wealth per adult reached a new record high of USD 70,850, 1.2% above the level of mid-2018. […]
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Tata Steel and thyssenkrupp sign definitive Joint Venture agreements to create new steel champion in Europe
Tata Steel and thyssenkrupp AG today signed definitive agreements to combine their European steel businesses in a 50/50 joint venture in a new company. This follows the signing of a Memorandum of Understanding in September 2017. The proposed new company, to be named thyssenkrupp Tata Steel BV, will be positioned as a leading pan European […]
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The Walt Disney Company To Acquire Twenty-First Century Fox, Inc., After Spinoff Of Certain Businesses, For $52.4 Billion In Stock
21st Century Fox to spin off Fox Broadcasting network and stations, Fox News, Fox Business, FS1, FS2 and Big Ten Network to its shareholders Acquisition complements and enhances The Walt Disney Company’s ability to provide consumers around the world with more appealing content and entertainment options Transaction to include 21st Century Fox’s film and television […]
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Foreign trade increased faster in Estonia in 2016 than in the euro area as a whole
The surplus on the current account of the Estonian balance of payments in 2016 was the largest since independence was regained Foreign trade picked up last year as both exports and imports increased Estonia is one of the few EU member states to owe less to other countries than is owed to it According to […]
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Price rises in February were primarily due to higher prices for oil and food – Bank of Estonia
Data from Statistics Estonia show that consumer price inflation was 3.4% in February, with prices up 1.3% on the previous month.Preliminary estimates put inflation in the euro area at 2% and prices had stopped falling in all the euro area countries according to the latest data from January. Higher inflation reduces the purchasing power of […]
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Former Bundesbank president Hans Tietmeyer dies aged 85
The Deutsche Bundesbank mourns the passing of its former president, Hans Tietmeyer, who died on 27 December 2016 at the age of 85. Hans Tietmeyer started working at the Bundesbank in 1990, first as a Member of the Executive Board and then as its Vice-President. He was appointed to the post of Bundesbank President on 1 October 1993, a position he […]
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Amazon Announces Best-Selling Books of 2016
Harry Potter and the Cursed Child is the best-selling book of 2016 overall and in the Kids & Teens category Harry Potter and the Cursed Child is also this year’s Most Wished For and Most Gifted book Amazon today announced its best-selling books of 2016, best-selling Kids & Teens books of 2016, as well as […]
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AT&T to Acquire Time Warner
New company with complementary strengths to lead the next wave of innovation in converging media and communications industry. -Combination unlike any other — the world’s best premium content with the networks to deliver it to every screen, however customers want it -The future of video is mobile and the future of mobile is video -Time […]
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CHRISTMAS CRACKER: UK RETAIL SALES TO GROW AN ESTIMATED 2.5.% IN DECEMBER 2016
As Brits start to turn their minds towards filling this year’s stockings, Mintel estimates that total UK retail sales will grow 2.5% in December 2016 to reach £42.2 billion. Shying away from the Christmas high street rush, new research from Mintel reveals that as many as one in five (20%) Brits plan to shop online […]
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DONG Energy welcomes consent decision for Hornsea Project Two offshore wind farm
DONG Energy has today (16 August) welcomed the decision of the Secretary of State for Energy to grant development consent for the Hornsea Project Two offshore wind farm, located 89 kilometres off the Yorkshire coast. Hornsea Project Two will have a capacity of up to 1.8 gigawatts (GW) and will consist of up to 300 […]
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Residential mortgage keeps growing in Russia
In 2016 H1, credit institutions extended 389,800 residential mortgage loans (RML) worth 389,800 according to statistics posted on Bank of Russia website. The growth of provided funds against 2015 H1 data totalled 44.2% and was still attributed to loans in rubles. In 2016 H1, the loan debt in foreign currency kept on reducing and accounted […]
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Bank of England cuts Bank Rate to 0.25% and introduces a package of measures designed to provide additional monetary stimulus
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending 3 August 2016, the MPC voted for a package of measures designed to provide additional support to growth and to achieve a sustainable […]
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Shop prices keep declining in the UK
Period Covered: 04 – 08 July 2016 – Overall shop prices reported deflation of 1.6% in July, from the 2.0% decline in June. This is above the 12-month average of 1.8%. – Non-food deflation decelerated to 2.2% in July from 2.8% in June. This is above the 12-month average of 2.8% – Food deflation remained […]
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Mycronic acquires Shenzhen Axxon Automation Co.,Ltd
Täby, 1 August, 2016 – Mycronic AB (publ), has signed an agreement to acquire 75 percent of Shenzhen Axxon Automation Co.,Ltd (Axxon) for a cash consideration of approximately SEK 430 million. The acquisition will be financed through own funds. As part of the agreement Mycronic will acquire the remaining shares of the company in two […]
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