George Soros: Fear-mongering Donald Trump and Ted Cruz 'are doing the work of ISIS'

Speaking at a dinner in Davos, the veteran billionaire launched an attack on the Republican nomination frontrunner, as well as Ted Cruz and Vladimir Putin

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U.S. economy shrinks at fastest rate since recession

The US economy has shrunken at its fastest rate since the depths of the recession five years ago as it emerged that the harsh winter took a far bigger toll on activity than previously estimated.

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How the Russian economy has taken a turn for the worse

Russia's economy was struggling even before the crisis in Ukraine, but things have now taken a turn for the worse, according to the International Monetary Fund. GDP fell in the first three months of 2014 and will fall again in the second quarter. According to the technical definition, that would amount to a recession.

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Goldie Hawn and a Buddhist monk teach meditation to the elite at Davos

Eyes closed tight, the delegates of the World Economic Forum in Davos have queued devotedly for half an hour for this early morning session

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Saving the planet from short-term thinking will take 'man on the moon' commitment

"We choose to go to the moon." So said John F Kennedy in September 1962 as he pledged a manned lunar landing by the end of the decade.

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IMF finds $11 billion 'black hole' in Greece's finances

Recession continues in Greece as unemployment hits 27%, but flickering growth returns elsewhere in EU

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IMF admits to under-estimating damage austerity would do to Greece

The International Monetary Fund admitted it had failed to realise the damage austerity would do to Greece as the Washington-based organisation catalogued mistakes made during the bailout of the stricken eurozone country.

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Climate change, debt and inequality 'threaten financial stability,' according to World Economic Forum report

Ahead of Davos 2013, World Economic Forum calls on policymakers to step up their efforts to tackle the three big dangers cited by a panel of 1,000 experts

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Obama plans second-term strategy as House Republicans craft their own

Democrats have warned their opponents in Congress against seeking to wreck Barack Obama's second term by adopting confrontational strategies that risk bringing Washington to a standstill.

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Obama takes on China with formal trade complaint over auto subsidies

Fears of a trade war between the United States and China intensified on Monday after Barack Obama launched action at the World Trade Organisation to stop Chinese auto industry aid from threatening jobs in the key electoral battleground state of Ohio.

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The era of cheap food may be over

The last decade saw the end of cheap oil, the magic growth ingredient for the global economy after the second world war. This summer's increase in maize, wheat and soya bean prices – the third spike in the past five years – suggests the era of cheap food is also over.

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Democrats better for Wall Street than Republicans, research shows

Analysis of stock market returns under every president since 1900 shows Democrats do almost twice as well as Republicans on average

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Inequality threatens Africa's astonishing growth: Report

Africa's impressive growth during the financial and economic crisis of the last five years will be put at risk unless action is taken to combat rising inequality, according to the annual health check on the continent from a panel led by the former UN secretary general Kofi Annan.

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European unemployment has risen two-thirds since 2010: Report

Unemployment has risen in two-thirds of European countries since 2010 as austerity hit growth and jobs, the International Labour Organisation has said.

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