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Recovery in sight, says Britain's central bank governor

The weakness in overall output largely reflected sharp falls in the construction sector, which is "unlikely to be repeated in 2013", Xinhua quoted him as saying.

CSA needs to restructure

Cricket South Africa needs to limit its members as it hampers practicing "intellectual honesty", said corporate governance expert Judge Mervyn King in his deposition to the inquiry committee, investigating the financial wrangling over the IPL 2 bonuses.

UK launches fresh stimulus with 75 bn pound cash boost

The Bank of England will spend 75 billion pounds (USD 114.8 billion) more of newly-created money to shield Britain's economy from the euro zone debt crisis and keep a faltering recovery going, opting for an early, dramatic move to maximize the impact.