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UK house prices climb to record even as sales slow in London

Bloomberg UK house prices climbed to a record last month as a slowdown in London sales was offset by a stronger market in the north of the country, according to a report by Acadata and LSL Property Services Plc. Prices in England and Wales rose 0.3 percent from April to an average of 303,200 pounds ($386,000), despite the uncertainties of ...

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Canada adds wage gains to stellar jobs performance

Bloomberg Canada’s labor market continued surprising in May, with a greater-than-expected 54,500 jobs gain that also finally came with signs of a pick-up in wages. The employment gain — the third biggest one-month increase in the past five years — was driven by the addition of 77,000 new full-time jobs, which offset falling part-time employment. Economists had forecast a 15,000 ...

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Are we ‘present at the destruction’?

Seventy years ago on Monday, Secretary of State George Marshall delivered a Harvard commencement day address that became the framework for what we call the ‘Marshall Plan’ for European recovery. It’s a cruel anniversary this year, as we watch President Trump dismember the world order that Marshall and his colleagues helped build. Dean Acheson, one of Marshall’s colleagues and his ...

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