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/ 11 February 2007
World finance leaders targeted China on Saturday, urging Beijing to allow greater flexibility in its exchange rate, but spared Japan, where a weakening has sparked growing unease in Europe. Group of Seven (G7) finance ministers and central bankers also said global economic growth is now ”more balanced”.
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/ 10 February 2007
An NGO on Friday accused finance ministers of the world’s leading industrial nations of ignoring the needs of Africa. The Group of Seven (G7) meeting taking place in Essen is ”missing a critical opportunity to help Africa break the back of extreme poverty and Aids”, the advocacy group Data said.
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/ 26 September 2005
The troubled German department store chain KarstadtQuelle began giving away free flights to New York with the purchase of a special-edition winter coat on Monday in a bid to revive sales. The store is in the midst of a drastic restructuring after narrowly escaping bankruptcy last year.