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Austerity’s victims may decide Britain’s EU vote

  Prime Minister David Cameron should, if the pollsters and bookmakers are right, win his campaign to keep the U.K. in the European Union. But if things go wrong between now and the June referendum his biggest challenge will be to persuade the poor, for whom he has done little, that Brexit won’t make them better off. The economic case ...

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Toronto property developer in trouble

  Bloomberg In a parking lot in midtown Toronto, a portable office advertising homes for Urbancorp sits empty, a stark symbol of what can go wrong for even one of Canada’s largest property developers in the city’s feverish real estate market. The sales center, fronted by weed-covered planters and dotted with litter, was where Urbancorp marketed 41 townhouses. The project, ...

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Norway’s wealth fund doubles money on central London properties

  Bloomberg Norway’s $870 billion sovereign-wealth fund said the value of its first real estate investments, stakes in London’s Regent Street and a cluster of offices, shops and apartments nearby, more than doubled in value since they were purchased in 2011 and 2013. The fund’s 25 percent holding in the Crown Estate partnership, which owns parts of the luxury shopping ...

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