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UK creates new businesses at slowest rate since 2010

Global Banking & Finance

LONDON (Reuters) – Britons started new businesses last year at the slowest rate since 2010, a potential warning sign for longer-term economic growth and productivity, according to official data published on Monday.

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Hungary’s economy to get boost from housing next year, PM Orban says

Global Banking & Finance

By Gergely Szakacs and Anita Komuves BUDAPEST (Reuters) -Hungary’s economic growth will accelerate substantially in the first half of next year due to an expected housing boom backed by government measures, Prime Minister Viktor Orban told public radio on Friday.

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UK can increase tech GDP by £50bn a year with Government support

Growth Business

The sector at present adds £150bn a year to the economy, after increasing by 25 per cent between 2010 and 2019. Julian David, the CEO of techUK, said: “Whoever forms the next government will face a number of challenges, from how to increase economic growth, to supporting our public services, to how we address climate change.

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Intrepid Expands Capital Advisory Group with Special Situations Veterans Lorie Beers and Kenneth Garnett

Intrepid Banker Insights

In a complex economic environment, we aim to deliver the best capital solutions regardless of where a company is in its own business cycle. The firm, founded in 2010 in Los Angeles, recently announced additional key senior banker hires and the opening of offices in New York, Charlotte, Chicago, and Menlo Park.

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Greece, Battered a Decade Ago, Is Booming

The New York Times: Banking

It is one of Europe’s fastest-growing economies, and while investors and tourists are flocking to the country, memories of austerity measures are still fresh for Greeks.

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What Is the Income Elasticity of Demand? Definition and Examples

Peak Frameworks

The Income Elasticity of Demand helps explain why there is a surge in luxury car sales during an economic boom and why budget-friendly stores attract consumers during recessions. Europeans, for example, continue to consume roughly the same amount of staple foods irrespective of mild economic fluctuations. cities post-2010?

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Late-Night Negotiating Frenzy Left First Republic in JPMorgan’s Control

The New York Times: Mergers, Acquisitions and Dive

The resolution of First Republic Bank came after a frantic night of deal making by government officials and executives at the country’s biggest bank.