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Obama: EU 'must focus on growth'
US President Obama wraps up a G8 summit saying that leaders agree economies must focus on jobs and growth to boost recovery.
A fifth 'have no pension savings'
A growing number of people are failing to save anything for their retirement - leaving them in a "precarious" position, a pensions provider says.
China clears Google Motorola bid
Chinese regulators approve Google's $12.5bn purchase of US phone maker Motorola Mobility, the final hurdle for the deal to go through.
Single 30% income tax rate urged
A single 30% rate of income tax is needed in order to boost growth in the UK, according to a report by a campaign group and business leaders.
Balls warns of cuts 'catastrophe'
Labour's Ed Balls warns the world economy faces a "catastrophe" unless Germany abandons pressure on eurozone countries to cut public spending.
Report 'to urge cutting red tape'
The prime minister is this week expected to back a plan to help boost growth by cutting employment red tape.
Euro banks 'in tatters' - Clarke
Former chancellor Ken Clarke says Europe's banking system is "in tatters" and warns the UK is "heavily exposed" to potential problems.
Facebook shares see modest debut
Facebook shares end a volatile first day of trading at $38.23, barely above the company's initial pricing, having initially jumped more than 10%.
HSBC machines hit by IT failure
UK customers of HSBC report problems using cash machines, making card payments and online transactions, but the bank says the problem is fixed.
Yahoo jumps on Alibaba deal talk
Shares in internet giant Yahoo rise 5% on reports that it is close to selling its valuable stake in Alibaba Group, the Chinese e-commerce company.
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21/05/2012
