U.K. Growth Slows in Third Quarter

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U.K. economic growth slowed in the third quarter, official data showed, in the latest sign the global recovery may be losing steam.

Statoil Pockets New Australian Exploration Permit

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Norway’s Statoil has secured an exploration permit in the Northern Carnarvon Basin in the northwest part of Australia, its third asset in the country.

Pension Firms Attack EU Plans

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Europe’s pensions industry has accused its European Union regulator of over-reaching its authority by pursuing plans to develop what pension funds say amounts to a new and onerous capital regime.

'Cheap Chic' Gets Cheaper Yet

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Primark, the U.K. fast-fashion chain that sells T-shirts for a couple of pounds and doesn’t believe in online retailing, wants to make it big in the U.S. Its big selling point to America will be price.

Ericsson Beats Forecasts

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Ericsson’s revenues beat expectations, as the company’s main networks unit saw high mobile broadband demand in places such as China, Russia and the Middle East.

IMF Warns on Eastern Europe Income Convergence

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Progress toward closing the gap in incomes between eastern and western Europe has stalled, and in some cases is going in reverse, the International Monetary Fund said.

BASF Lowers 2015 Forecast

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Germany’s BASF lowered its outlook for 2015 and reported a 4.8% decline in third-quarter profit, hurt by the slowing global economy and weaker demand in Europe.

Gucci Finds Luxury a Tougher Sell

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The travails at Gucci are emblematic of the problems afflicting fashion’s big power houses.

Qantas Showing Signs of Recovery

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After reporting a record annual loss this year, Australia’s Qantas Airways turned a profit during its fiscal first quarter, its chief executive said.

Should Howie's alma mater UNC lose their basketball titles because of the academic fraud perpetrated by the athletic department?
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