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ECB must take stimulus steps warily

The European Central Bank’s (ECB) expected move to announce new bold stimulus measures aim to reverse negative economic outlook in eurozone, even as some banking circles doubt such a step could help. The measures may include a further cut in interest rates, an increase in the volume of bonds it buys each month under its so-called quantitative easing or QE ...

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Wage growth conundrum in the jobs report

For all the positives in the latest U.S. jobs report, employees and the Federal Reserve didn’t get one thing they’ve been looking for: higher wages. Therein lies a central conundrum of this economic expansion. The February employment report suggests that the economy weathered January’s stock-market turmoil in decent shape. Nonfarm employers added an estimated 242,000 jobs, and the unemployment rate ...

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Beijing’s architectural crackdown

Jonathan Hall-Eastman SPECIAL TO EMIRATES BUSINESS A TV network headquarters that resembles a pair of pants. A newspaper headquarters that bears more than a passing similarity to an erect phallus. An arts center that has been described as a “group of space eggs.” These are just a few of the most famous examples of the many ridiculous looking buildings that ...

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