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The Daily Roundup: 27 January 2012

BBC A £963,000 bonus in shares awarded to Royal Bank of Scotland boss Stephen Hester has been strongly criticised. Lib Dem minister Jeremy Browne said Mr Hester was “a public servant” and should turn down the bonus while the Unite union said it was “disgusting”. Labour said government pledges to curb executive pay were “utterly… read more

Further Quantitative Easing probable as Bank of England Governor’s economic growth outlook remains bleak

Equity markets trembled yesterday as Greek ministers rejected another restructuring offer from private sector creditors. Investor concern led to further contagion across other troubled peripheral countries yesterday as their borrowing costs jumped higher once more; fears that Portugal will also be required to restructure its debt sent their 10-bond yields above 14%, whilst credit default… read more

The Daily Roundup: 24 January 2012

BBC The outlook for the global labour market has worsened from last year, the International Labour Organization (ILO) says. It called the situation an “urgent challenge” and said governments needed to create 600 million jobs over the next decade. The ILO said it was more pessimistic because of the weaker global economy. It added that… read more