British employers raised pay in the first three months of 2014 at the same pace as a year ago, although current low levels of inflation should improve workers' spending power, a survey shows. Full Article | Related Story
LONDON - The FTSE 100 hit a six-week high on Thursday, with miners leading the market higher tracking firmer metals prices, while Anglo American also reported strong output numbers.
PERTH/MELBOURNE - Authorities rule out any link between debris picked up on an Australian beach and the missing Malaysian jetliner as a tropical cyclone again threatens to hamper a 26-nation air, surface and underwater search of the Indian Ocean. Full Article
Foreign capital inflows are supporting a housing bubble in London, and have helped push up sterling - even though the UK’s trade position is almost dire. An unbalanced economy is getting worse. As pre-crisis emerging markets learned, this is a problem with no easy solution. Commentary
Family is a big part of destiny, even when opportunities are supposed to be equal. Since children tend to take after their parents, the elite tend to be self-perpetuating, and poor kids will tend to become poor adults. Still, there are ways to soften the injustices of birth. Commentary
The sacking of China Resources’ chairman will worry other state company bosses. But shareholders in Chinese groups have less to fear from government crackdowns on powerful individuals than the culture of treating outside investors as an afterthought. This remains unaddressed. Commentary
DONETSK/SLAVIANSK, Ukraine - In an uprising whose calling cards are the Kalashnikov and the black balaclava, Denis Pushilin and Vyacheslav Ponomaryov have become the unmasked faces of the pro-Russian separatist movement, but many see the pair as mere fronts for brains behind the scenes. Full Article
Shares in UK-based Associated British Foods bounce, as Primark's bold U.S. expansion plans help to offset a poor performance at its sugar business. Video