Optimism grows on world economy but business remains wary

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Today’s top stories

  • Microsoft announced 10,000 job cuts, highlighting the difficulties felt by US companies even as economic data turn promising.

  • The Bank of Japan defied market pressure and stuck with a core pillar of its ultra-loose monetary policy — yield curve control measures — sending the yen diving and stocks higher.

  • Fourteen people, including Ukraine’s interior minister and one child, were killed when a helicopter crashed near a nursery school in Kyiv.

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Good evening.

Disrupted Times may have brought you plenty of downbeat prognostications about the economic outlook recently but a flurry of positive data have boosted hopes that a global recession can be avoided.

The jet-setters of Davos seem to think so. Our team…

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