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Croatia has nothing to lose by adopting euro: CBG

Croatia is keen to adopt the euro as its currency, but that is unlikely to happen any time soon as the country struggles to meet the EU's five convergence criteria. 

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World Bank Group sets out its goals

Reducing poverty was high on the agenda at the annual meeting of the World Bank Group and International Monetary Fund, with an ambitious target set for 2020.

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Wal-Mart Stores and Bharti Enterprises part ways

US retail giant Wal-Mart Stores has announced that it will break its partnership with Indian retailer Bharti Enterprises.

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London firms eye expansion

In line with increased levels of optimism over business and economic prospects, more than two-thirds of companies in London plan to expand in the next year.

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Ghent launches ICT innovation cluster

A new 26,000-square-metre R&D ICT cluster is being built in Belgium's Ghent Technology Park, with investment from Investment by Ghent University, MG Real Estate and Globalindus.

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Calgary: Canada's headquarters city

Calgary has the highest number of headquarters per capita in all of Canada thanks to the strength of the energy sector in the city. But businesses are also drawn to the city’s welcoming tax climate, quality of life and educated labour pool.

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Corruption levels remain high in emerging economies: Maplecroft

The latest Corruption Risk Index from risk analysis firm Maplecroft shows little change, with many developing economies still performing poorly thanks to widespread corruption.

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Wage gap set to decrease: PwC report

Over the next two decades the difference in average wages in developed economies compared with developing ones will decrease, according to a report by PricewaterhouseCoopers.

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Kenya's tourism industry braced for decline

Kenya's reputation as a safe tourist destination has been damaged by the recent terrorist attack in the country's capital, Nairobi.

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Financing deal complete for Nigeria's Ughelli power plant

The Transnational Corporation of Nigeria has agreed to provide the remaining $225m needed to finance a gas-fired thermal power plant in Delta State, Nigeria.

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