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Belgian Malinois

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Since moving to Brussels in 2005, Ryan Stevenson has twice won the title of Belgian Chocolate Master

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...mperature and keeping out air bubbles. After many long nights practicing his craft, he won his first Belgian Chocolate Master Award in 2008. But he claims the second time he won the prize was most rewarding “because by then the Belgians knew it wasn’t a beginner’s luck”. “It was actually a very good feeling being Australian and winning here in Brussels,” he says...

China's economy grew at its slowest pace in 14 years in 2013

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China’s gross domestic product (GDP) expanded 7.7% in 2013 from a year ago, the slowest pace of growth since 1999, official figures show. Chinese economy is the world’s second largest. The growth rate was higher than the government’s target of 7.5% and the same as in 2012. The data highlights the challenge policymakers face in sustaining China’s high growth rate as they look to...

The IMF has cut its forecast for global economic growth at the same time as lifting its UK growth projection

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...the US could trim back its efforts to stimulate the US economy has already had an impact on interest rates in emerging economies, the IMF said. It said an increasing belief that China’s growth rate would slow would also hit global growth. The IMF expects the US to drive global growth. But it warns that the political standoff over raising the US government’s borrowing limit, if it resul...

The Chinese economy, world's second-largest, has slowed and performed worse than many analysts expected in the first quarter of 2013

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...y data on Monday also came in lower than market expectations, raising questions over the outlook for growth. Industrial output rose 8.9% in March from a year earlier, much lower than analysts’ targets of 10%. Meanwhile, fixed asset investment, a key driver of China’s growth, rose at an annual rate 20.9% in the first three months of year. Analysts had expected growth of more than 21%....

The World Bank has lowered its growth forecast for China citing weak demand for its exports and lower investment growth

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The World Bank has lowered its growth forecast for China citing weak demand for its exports and lower investment growth. The bank said it expects China’s economy to grow by 7.7% this year, down from its projection of 8.2% in May. China’s exports have been hurt by economic problems in the eurozone and the US, two of its biggest markets. Meanwhile, policymakers have found it tough to bo...

Chinese economy has slowed for a seventh quarter

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...slowed for a seventh quarter as problems in Europe and the US hurt demand for its goods. The annual rate of growth was 7.4% in the third quarter, down from 7.6% in the previous three months. However, there were signs that the world’s second-biggest economy was now stabilizing and rebounding. That would be good news for China, which is facing a leadership change, and the rest of the world, w...

The US economic growth slowed in the second quarter to an annualized pace of 1.5 percent, as consumer spending eased

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The US economic growth slowed in the second quarter to an annualized pace of 1.5%, as consumer spending eased. But growth in the first three months of the year was revised up to 2% from a previous estimate of 1.9%, the Commerce Department said. Previous data was also revised to show the economy shrank by less during the 2007-9 recession than thought. Despite the slowdown, the second quarter growt...

The German economy returns to growth in the first quarter of 2012 with a better-than-expected 0.5 percent rise in GDP

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The German economy returns to growth in the first quarter of 2012 with a better-than-expected 0.5% rise in GDP, official figures have shown. In Q4 2011, the German economy contracted by 0.2%, its first dip since 2009. Meanwhile, the French economy recorded zero growth in the first quarter, after growth of 0.1% at the end of 2011. Figures released later on Tuesday are expected to show that the eur...

China's economy has grown at its slowest pace in three years as investment slowed and demand fell in key markets such as the US and Europe

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...owed and demand fell in key markets such as the US and Europe However, despite Friday’s slower growth figures many analysts tried to allay fears of a so-called hard landing in China’s economy and its subsequent impact on the rest of the world. “If you get a drop in the growth rate of 1 percentage point per annum, that’s not a lot in terms of the world gross domestic product...

South Korea has decided to cut its growth forecast for this year and for 2013, underlining the effect of a slowdown in its key export markets on its growth

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...e strength of the recovery won’t be strong enough for the economy to catch up to its potential growth rate.” South Korea has decided to cut its growth forecast for this year and for 2013, underlining the effect of a slowdown in its key export markets on its growth The sovereign debt crisis in the eurozone has hurt demand for South Korean exports from the region. Meanwhile, the economi...

South Korea's economy growth rate hit a two-year high in the first quarter of 2013, boosted by a rebound in construction, investment and exports

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South Korea’s economy growth rate hit a two-year high in the first quarter of 2013, boosted by a rebound in construction, investment and exports. The economy grew by 0.9% in the January to March quarter from the Q4 2012, the central bank’s estimates showed. The data is likely to help allay fears over the health of the Korean economy. Earlier this year, the government cut its growth fo...

OECD has cut global growth forecasts for 2013 and 2014 after weak prospects in emerging markets

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The Organization for Economic Co-operation and Development (OECD) has cut global growth forecasts for 2013 and 2014 after weak prospects in emerging markets. Global GDP for 2013 is now expected to grow by 2.7%, down from 3.1% forecast in May. However, the OECD said global economic growth would speed up by 2015. The OECD also revised down its global growth forecast for 2014, which it now estimates...

Australia has reported better-than-forecast growth numbers for Q2 2013, boosted by gains in consumer spending

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...t the Reserve Bank of Australia was expecting and this would decrease the probability of a near term rate cut,” said Matthew Johnson, an interest rate strategist at UBS. Australia’s central bank, which has lowered borrowing costs to a record low in recent months, kept rates unchanged as it met on Tuesday. Australia’s economy, which enjoyed robust growth in recent years, has seen...

The US economy grew more than expected in the third quarter

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...certainty that this pace of growth would be maintained: “It remains too early to tell whether growth will accelerate or slow in the fourth quarter. “However, it seems unlikely that the consumer mood will continue to brighten if not supported by evidence that the corporate sector is also seeing stronger growth, suggesting there are downside risks and the GDP growth rate could slow from...

IMF has cuts its economic growth forecast for China, with weakness in the global economy set to hit exports

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...now are taking our projections of the global economy into effect.” IMF has cuts its economic growth forecast for China, with weakness in the global economy set to hit exports Among the measures called for by the IMF are slower growth in social financing and a relaxation of controls on interest rates and the exchange rate. Despite the cut in the IMF’s forecast, David Lipton noted: ...

China revealed plans to raise its defense budget by 12.2 percent

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...ding to the speech, the government will aim to keep inflation at about 3.5%, while boosting domestic growth and carrying out “people-centred urbanization”. The growth and inflation targets were widely expected. The growth rate target in 2013 was also 7.5%. Correspondents say the fact that the growth target for 2014 has not changed will lead some to question how serious China is about e...

China's economic growth slowed in Q2 2013, the second straight quarter of weaker expansion

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...ign of distress,” said economist Ren Xianfang from IHS Global Insight. “The rather sharp growth deceleration and the recent financial market turmoil indicate that risks have been building on both the financial and real goods sector,” she added. The government has set a target of 7.5% growth for the whole of 2013, which would mark the lowest rate of expansion in more than two deca...

Chinese economy, the world's second largest, is showing signs of a rebound that could help it emerge from its worst economic period in 13 years

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...the right balance between trying to prevent the formation of a property bubble and keeping a healthy growth rate going.” That may prove tricky, not least because China’s economic growth has slowed significantly from the highs of previous years, and analysts warn that state stimulus measures may wane. Chinese economy, the world’s second largest, is showing signs of a rebound that...

The OECD has revised its growth forecasts for the eurozone and called on the European Central Bank to consider doing more to boost growth

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The OECD has revised its growth forecasts for the eurozone and called on the European Central Bank to consider doing more to boost growth. The organization says the eurozone will shrink by 0.6% this year, widening the gap between it and faster-growing economies such as the US and Japan. Meanwhile, the European Commission has given France two more years to complete its austerity programme. France...

Eating large amounts of sugary, refined carbohydrates, such as biscuits and cakes, may trigger excess hair

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...caused by inflammation, which increases the blood supply to that part of the skin, accelerating hair growth. “It also increases skin cell turnover – the rate at which skin cells renew themselves. With psoriasis, for example, new skin cells are produced every two to six days, rather than the normal 21 to 28 days. “What’s important here is that it’s not just skin cell turnover that’s magnified...

Three separate studies on mice appear to have confirmed the view that the growth of tumors is driven by so-called cancer stem cells

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...e and the tumor re-grows. Three separate studies on mice appear to have confirmed the view that the growth of tumors is driven by so-called cancer stem cells Some researchers believe that this happens because therapies fail to eradicate a small proportion of cells that drive tumor growth known as cancer stem cells. They believe that these are the cells that should be targeted to eliminate the tum...

The World Bank now expects the Chinese economy to grow by 7.6 percent in 2014, down from its earlier projection of 7.7 percent

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...a’s land, labor, and capital markets, and enhance the long-term sustainability of its economic growth,” the World Bank said in its latest report. “Some reforms, including efforts to reduce regulatory and administrative burdens, reform taxation, and make more land available for commercial activities, are also likely to support growth in the short term.” The World Bank also c...

ECB has revised down its eurozone growth forecasts for 2012 and 2013

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...in the economy. Mario Draghi said the bank expected inflation to fall below 2% next year. The target rate is below but close to 2%. Interest rates have been at 0.75% for five months, after July’s cut from 1%. ECB has revised down its eurozone growth forecasts for 2012 and 2013 The ECB revised down is forecast for the eurozone economic growth in 2013 to between minus 0.9% and plus 0.4%. For...

The Belgian government sent an EU complaint alleging that Germany's mini-jobs undermined EU competition rules

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...ing low wages at some German firms, described by Belgium as unfair “social dumping”. The Belgian government sent the letter alleging that Germany’s “mini-jobs” undermined EU competition rules. Some workers get just 3 or 4 euro hourly in such jobs, without any social protection, Belgium says. The Belgian government sent an EU complaint alleging that Germany’s mi...