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- Alexis Tsipras’s new Greek cabinet announced – live updates
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- Open Source: Greek Leftists Adopt Patti Smith Anthem ‘People Have the Power’ as Their Own
- Tsipras declares end to ‘vicious cycle of austerity’ after Syriza wins Greek election – live updates
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Category Archives: Business
Leftwing anti-austerity parties hail result that saw Alexis Tsipras sworn in as prime minister after forming alliance with Independent Greeks, while some ruling parties also give news a cautious welcome
- Voters reject EU austerity for radical alternative of far-left party
- Upstarts fall two seats short of an overall majority
- ‘Greece has turned a page,’ says 40-year-old leader Alexis Tsipras
Syriza supporters optimistic about Alexis Tsipras’s vision, holding hope for a future without the shackles of austerity Continue reading…
Growth expected to slow to 0.6% in last quarter says poll of economists but annual GDP rise could be 2.6% – the strongest since financial crisis
The UK’s economic recovery lost steam at the close of 2014, official figures are expected to confirm this week.
Growth is forecast to have slowed to 0.6% in the fourth quarter, from 0.7% in the third, according to a poll of economists by Reuters.
Davos delegates fear possibility of minority government and second poll, as well as uncertainty over EU membership
The general election risks exposing the UK to a “cocktail of political risks” that could threaten growth and force the country out of the European Union, according to business leaders.
The growth of minority parties such as Ukip and the Greens and the fall in popularity of the Liberal Democrats are forcing bosses to prepare for the possibility that a second poll may have to be called months after the one scheduled for 7 May.
Irish flag-carrier reportedly set to recommend to shareholders the third IAG offer valuing the airline at £1bn
Aer Lingus is set to accept a takeover bid from the owner of British Airways, after International Airlines Group made a third offer valuing the Dublin-based carrier at around £1bn (€1.3bn).
Aer Lingus is expected to make a statement to the stock exchange on Monday morning confirming the new approach by IAG at around €2.50 a share, having previously rejected bids worth €2.30 and €2.40.
Business leaders have a choice: understand that less inequality equals stronger, less debt-dependent growth or watch stagnation takes hold
The World Economic Forum has never been good at crystal-ball gazing. In early 2007, it was smug and complacent even as the financial storm clouds gathered. Last year, there was a strong sense that the crisis was over, an optimism swiftly dashed by a combination of Ukraine, Islamic State and renewed stagnation in the eurozone.
The mood this year was downbeat, a lot more cautious. Perhaps excessively so. The open-ended €60bn a month asset-purchase scheme announced by the European Central Bank is unlikely to prove a game changer, but it will have an impact on activity. Plunging oil prices will mean consumers have more money left over after they have paid the energy bills and filled up the car. Cheaper crude is already starting to feed through into forward-looking business surveys.
Opinion polls give leftwing anti-austerity Syriza party a clear lead, but the party may not win enough seats to govern alone
After five punishing years of austerity and recession, Greeks have begun casting their votes in a high-stakes election that could set their battered country on a collision course with the European Union.
Final opinion polls on Friday showed Syriza, which has pledged to overturn austerity and renegotiate Greece’s debt mountain, with a lead of between four and seven percentage points over its main rival New Democracy, with one poll putting the radical leftist party 10 points clear.
The debate about plain packaging for cigarettes points up a truth about us being hooked on labels more generally
Nigel Farage, a man who prides himself on being “rather good” at smoking, once told a journalist about a little game he likes to play in supermarkets. Annoyed that the nanny state should have had the temerity to put his precious Benson & Hedges (I’m not sure what fags he favours; this is just a hunch) behind screens, he revealed that for a “bit of fun” he sometimes asks for defunct brands such as Capstan Full Strength and Craven A.
Needless to say, hilarity does not ensue – or not for the staff in question, who tend to ferret around helpfully in a futile bid to provide him with what he wants. “When they can’t find them, I ask for the manager,” Farage told Asian Trader. Punchline merrily dispensed, he then outlined his “total” opposition to plain packaging for cigarettes, an idea he regards as “nuts’, “bonkers” and “utterly, bloody barmy”.