As M&S and Experian look to foreign climes, the experts are all at sea (again)

On the agenda this week: retailer and credit agency ponder international expansion, while growth in the economy wrongfoots the policy analystsThere’s an old joke, currently being aimed at Marks & Spencer’s platitude-loving boss Marc Bolland, that he could talk in clichés until the cows come home.To be fair to the Dutchman, he is hardly the only […]
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WPP slashes growth forecast after soft Olympics

Marketing services company predicts tough fourth quarter despite revenue growth of 1.9%Sir Martin Sorrell has almost halved the full-year growth forecast for WPP in the past two months, as events such as the London Olympics failed to live up to expectations and he predicted a tougher than expected fourth quarter.WPP, the world’s largest marketing services […]
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Obama v Romney: around the world in 90 minutes

The third presidential debate made it clear: from Israeli-Palestinian affairs to the eurozone crisis, foreign politics will have precious little part to play in this US electionIsrael and the PalestiniansFor decades a focal point of US foreign policy, the Israeli-Palestinian conflict was a notable absence in Monday’s presidential debate.The only mention came when Mitt Romney […]
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David Cameron seeks to boost trade for UK arms firms in Brazil

Prime minister arrives in São Paulo, hoping British companies can benefit as Brazil develops new defence strategyDavid Cameron is leading a push to increase sales of British military equipment to Brazil after taking executives from six defence contractors to Latin America’s largest economy.As the prime minister pledged to ensure Britain was “tied up” with the […]
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This is not the kids’ problem | Richard Sennett

What galls me is that a structural defect of capitalism has been dumped on young people like my studentsToo many people, we all know, are chasing too few jobs. It’s an especially depressing prospect for young graduates, who face doing work, if they can find it at all, which does not make use of their […]
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Netflix non-US losses hit $100m but subscribers increase

Online media provider reports major losses in non-US business in first quarter after UK launch, but 1.2 million new subscribersLosses at Netflix’s operations outside the US ballooned to more than $100m (£62m) in the first quarter, as the impact of its launch in the UK & Ireland hurt financially but fuelled growth of 1.2 million […]
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The IMF is bullish about recovery. The markets clearly think otherwise

The optimists are right to point to continuing improvements in economic stability. But from China to the US to Spain, there are more than enough reasons for fund managers to be bearishWhere is the world economy heading? The IMF, at its spring conference in Washington, says the prospect is for stronger growth as long as […]
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This tax giveaway to multinationals must be stopped | Caroline Lucas

George Osborne’s plans to change tax rules on UK companies’ overseas subsidiaries encourage the use of tax havensThis week is parliament’s last chance to amend the 2012 budget: a budget entrenching a strategy for the UK and the global economy that has already failed. Time is short. The Commons will have just three days to […]
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What’s really happening with UK manufacturing?

Survey evidence shows a sector on the mend while official data shows output falling – somebody is getting it wrongSomebody is getting it wrong about UK manufacturing. The picture is rosy according to the survey evidence, with purchasing managers, the EEF, the British Chambers of Commerce and the CBI all painting a picture of a […]
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José Antonio Ocampo for (World Bank) president | Kevin Gallagher

The former Colombian minister and leading development economist is far and away the most qualified candidate to lead and reform the World BankIt is truly historic to be engaged in a global debate about who should head the World Bank. For more than 60 years the Bank presidency has been dictated by the US. Finally, […]
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