World Business

Helsinki (AFP) - Finland's centre-right government announced on Monday plans to cut the cost of labour by five percent to boost competitiveness and revive Finland's slumping economy.

Washington (AFP) - US consumer spending edged higher in June, capping a rebound in the second quarter from weak growth in the first months of the year, the Commerce Department reported Monday.

London (AFP) - Britain is to start selling off its shares in the Royal Bank of Scotland by disposing of 5.2 percent of the state-rescued institution, the Treasury announced Monday.

Rome (AFP) - Italian-based investment company Exor, controlled by the Agnelli family, said Monday it had struck a $6.9 billion (6.3 billion euro) deal to buy reinsurer PartnerRe.

New York (AFP) - Automakers reported strong US sales in July, boosted by sport utility vehicles, as the industry benefited again from lower gasoline prices and a steadily improving US economy.

Washington (AFP) - US manufacturing activity slowed slightly in July amid weaker export orders and a continued drag from falling oil prices, the Institute for Supply Management reported Monday.

Washington (AFP) - US President Barack Obama will unveil what he called the "biggest, most important step we've ever taken" to combat climate change Monday, slapping tough emission targets on power …

By Simon Jessop LONDON (Reuters) - Britain has launched a review into the way consumers access financial advice amid concerns of an "advice gap" following recent changes to the …

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