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Layoffs arrive in Brexit Britain; and auto workers are up first

Bloomberg In his 50 years working in Britain’s car industry, John Cooper has survived plenty of upheavals. None is scarier than the prospect of Brexit. Being split off from their biggest market means the job cuts and production slowdown UK carmakers have imposed the past few months could be just a prelude to wholesale shutdowns. The shock is only beginning ...

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Ugh – inflation is back

Anyone looking for good economic news will be disappointed by the latest inflation report, which showed the Consumer Price Index (CPI) advancing by 0.5 percent in January. By itself, this isn’t especially alarming — prices jump around month to month — but it has troubling implications for the future. To some economists, it suggests the possibility of another financial crisis ...

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Enough lies: India’s banks get an ultimatum on bad loans

The Indian central bank is shutting down its halfway houses for debt addicts. In the process, it’s also throwing out an infuriating alphabet soup: CDR, SDR, S4A and their ilk. Lenders will now have a much cleaner—and stricter—system for dealing with distressed large borrowers. If they still try to hide bad loans, the Reserve Bank of India (RBI) will whack ...

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