April

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Controversial new president inherits changing World Bank

Jim Yong Kim, the Korean-American president of Dartmouth College picked to lead the World Bank by President Obama, was confirmed today by a vote of the institution's 25-member executive board.

Portugal imposes "rule of lead," left wing charges

Portugal has become the first European country to approve the European Union's fiscal compact, known to critics as the "permanent austerity" treaty.

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Who gets the big pay raises, Germany’s workers or CEOs?

The squeeze on incomes for the 99% comes as the flow of euro-millions to Germany's 1% has been getting considerably more generous over the same period.