Sunday 13 July 2014
 
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austerity

Osborne sticks to austerity plan in British budget

British finance minister George Osborne courted voters ahead of an election in 2015 with promises of help for savers, tax breaks for manufacturers and lower levies on beer and bingo. In an upbeat annual budget statement, Osborne a

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G20 nations put growth before austerity

The Group of 20 nations pledged on Saturday to put growth before austerity, seeking to revive a global economy that "remains too weak" and adjusting stimulus policies with care so that recovery is not derailed by volatile financial mar

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UK’s big build dreams still dogged by past binge

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) The UK government wants austerity to pave the way for bold modernisation of Britain. In reality its cuts don’t reverse the previous explo

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Mixed signals for the global economy

A flood of data this week will paint a mixed picture of the global economy, with belt-tightening continuing to dampen activity in the euro zone, but accommodative policies helping to stimulate growth in Japan. Reports from the US

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Jordan's king swears in new reformist govt

  Jordan's King Abdullah swore in a reformist government on Saturday tasked with pushing through austerity measures required under a loan agreement with the International Monetary Fund.   The ca

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The age of austerity is ending

      Whisper it softly, but the age of government austerity is ending.    It may seem an odd week to say this, what with the US government preparing for ind

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Low growth seen for global markets in 2012

An anemic recovery in the US, a technical recession in the UK, a struggling Europe, a suffering Japan and a sluggish performance in emerging markets count among the global markets outlook for 2013, said an expert. The issues facin

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As worst euro fears fade, US logjam looms

  The euro zone has stepped back from the brink of disaster for now, but the global economy could soon be staring into another abyss if US politicians fail to head off $600 billion in automatic austerity that all but guarantees a

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Jordan approves steps to reduce deficit

The Jordanian cabinet approved an austerity package that includes plans to raise taxes on banks and mining firms but avoids controversial fuel and electricity price rises to hold down the rise in the budget deficit, officials said on Sunday.

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EU crisis spells more pain for drugmakers

Drugmakers are counting the cost of the deepening euro zone crisis, with further austerity-driven price cuts expected in important European markets, including Italy and France, said experts. Growing alarm at multiple government-imposed cut

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