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Stories for January 21st 2015

• Wednesday, January 21st 2015 - 06:51 UTC

  Explosive report on world's wealth from Oxfam: 1% of super rich own 48%

  

  More than half the world’s wealth will be owned by just one percent of the population by next year as global inequality soars, anti-poverty charity Oxfam predicted on Tuesday in an explosive document on the eve of a major meeting of the world’s political and business elite.

• Wednesday, January 21st 2015 - 06:44 UTC

  China last year grew at its weakest in 24 years, but could be bouncing back

  

  China's economic growth slowed to its weakest in 24 years, expanding 7.4% last year from 7.7% in 2013. Growth in the world's second largest economy missed its official annual growth target of 7.5% for the first time in 15 years. But, the annual growth figures still came in higher than market expectations of about 7.2%.

• Wednesday, January 21st 2015 - 06:33 UTC

  Denmark, following on Switzerland, forecasted to remove Krone's peg to the Euro

  

  Denmark has cut its key interest rate to prevent the Krone from strengthening in the wake of Switzerland's decision to scrap the franc's peg to the Euro. There has been speculation that Denmark could follow the Swiss move by removing the Krone's link to the Euro.