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Business

Analysis / Jean Pisani-Ferry

The seemingly coordinated actions of central banks across the globe masks how different policies are in fact undermining an effective respone to the economic crisis in Europe and the the rest of the world.

IMF predicts Cyprus to return to growth in 2015

The International Monetary Fund said eurozone member Cyprus has a realistic chance of posting some growth again in two years. But it warned that the country's current austerity program had to be followed through. In a staff report issued on Friday, the International Monetary Fund (IMF) said it expected the Cypriot economy to expand by a modest 1.1 percent in 2015 after plunging 8.7 percent this year and a further 3.9 percent in 2014.

European car sales in first rise for 18 months

New car sales across Europe rose in April for the first time in 18 months, helped by strong demand in the UK and by the early Easter break. Registrations rose 1.8% to 1.08 million in April, compared with a year ago. The last rise was in September 2011, said the industry association, ACEA.

Global growth could accelerate, but China’s fortunes hold the key

That time period, which coincidentally spans my professional career, has seen the global economy increase by approximately 3.4pc per annum in purchasing power parity terms. For the last few years, a central thesis of mine has been that, because of China’s ascent, this decade could see the world growing by just over 4pc.

Business alliance set to drive EU-US trade deal

European business organisations joined forces at the European Business Summit to press for a Transatlantic Trade and Investment Partnership. The move to create the European Business Alliance for TTIP follows a similar action taken in April by American corporations, which launched the US Business Coalition for Transatlantic Trade.

European Stocks Decline From Highest in Almost Five Years

European stocks fell after the Stoxx Europe 600 Index yesterday extended its highest level since June 2008. U.S. index futures and Asian shares also slid. Zurich Insurance Group AG lost 3.5 percent after reporting earnings that missed forecasts. Vivendi SA fell after Activision (ATVI) Blizzard Inc. was said to have shelved a plan to buy back shares held by its French parent. Cie. Financiere Richemont SA surged to its highest price in at least 23 years after full-year earnings beat analyst estimates.

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