Britain for sale: foreign owners may be secret of U.K.'s success; outsiders spur revival as critics question cost, BMW rescues the Mini
Article Abstract:
Foreign ownership of UK businesses is significantly higher than the US and other European countries, with foreign direct investment comprising 37% of the nation's gross domestic product in comparison to 13% for the US, 18% for Germany, and 28% for France. Sales of UK-based companies to non-UK buyers totaled $202.5 bil in 2006, and have reached $195 bil so far this year.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Service-sector slowing hurts euro
Article Abstract:
The service sector of the euro-zone showed sluggish growth, the slowest in the past four-and-a-half years, leading to expectations that the European Central Bank my cut interest rates. The euro came in at $1.4642, with the British pound at $1.9637. The US dollar itself was up to 106.84 yen.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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