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Snow effect could tip UK into triple-dip recession

3:57pm GMT

LONDON - A wintry burst of weather hit businesses and travellers across Britain for a fourth day on Monday, threatening an unprecedented "triple-dip" recession that could knock the government's economic plans further off track.

Algeria says 37 foreigners died in siege led by Canadian

5:58pm GMT

ALGIERS - A total of 37 foreigners and an Algerian died at a desert gas plant and five are still missing after a four-day hostage-taking coordinated by a Canadian gunman, Algerian Prime Minister Abdelmalek Sellal said on Monday. | Video

A book of Luxembourg's tax guide is seen on the Amazon website opened in an internet browser in this photo illustration taken in Brussels November 28, 2012. REUTERS/Francois Lenoir

MPs to quiz big four on tax avoidance

MPs plan to quiz PwC, Ernst and Young, KPMG and Deloitte over their role in helping big companies minimise tax bills, as politicians across Europe consider steps to clamp down on tax avoidance.  Full Article 

Smoke rises above following demining operations at the Tiguentourine Gas Plant, located about 50 km (30 miles) from the town of In Amenas January 20, 2013. REUTERS/Louafi Larbi

Algeria gas plant gives up its grisly secrets

ALGIERS - The gas plant at In Amenas is giving up its secrets as Algerian special forces picking their way through the vast complex find dozens of bodies, some charred beyond recognition in the bloody end-game to one of the worst hostage crises in years.  Full Article | Related Story 

Employees work at a steel factory of Dongbei Special Steel Group in Dalian, Liaoning province January 18, 2013. China's economy regained speed in the final quarter of 2012, pulling out of a post-global financial crisis downturn that produced the slowest year of economic growth since 1999. REUTERS/China Daily

China upturn underscores need to rebalance

BEIJING - China's recovery from its longest slowdown in growth since the global financial crisis is being driven by the two forces posing the biggest risks to the economy's increasingly urgent need to rebalance - investment and property.  Full Article 

Workers use their mobile phone in a vehicle on their way home in Yangon January 18, 2013. Myanmar's government has invited expressions of interest for two mobile phone licenses - a first step towards increasing mobile penetration from its current 5-10 percent to 80 percent in three years. REUTERS/Soe Zeya Tun

Mobile revolution in Myanmar is slow

YANGON - Myanmar is on the cusp of a mobile revolution, only it's happening way too slowly for many locals, with users chafing at the pace and price of adding connections.  Full Article 

Bullets for a rifle rest on a table along a mountain range in Buckeye, Arizona January 20, 2013. REUTERS/Joshua Lott

What's missing in U.S. gun control scramble?

SAN FRANCISCO/NEW YORK - Bullets can be critical in tracking down illegal weapons, but are largely missing from the gun control debate going on in Washington.  Full Article 

West Ham United's Ricardo Vaz Te (L) shoots to score during the Championship play-off final against Blackpool at Wembley Stadium, May 19, 2012. REUTERS/Eddie Keogh

Premier League's poor relation seeking backers

While the Premier League generates recession-busting revenue increases, times are tougher for the 72 football clubs outside the elite as they battle for media exposure and commercial deals.  Full Article 

Hugo Dixon

When is it OK to avoid tax?

It is clearly wrong to infringe the letter of the law as, for example, many Greeks do. It is also wrong to infringe the spirit of the law. But, as last week’s dispute over Goldman Sachs' bonuses shows, it is also increasingly important to take account of the spirit of the times.  Comment 

Gordon Brown

Stubborn national politics drag down the global economy

After the $1 trillion stimulus of 2009, fiscal consolidation became the order of the day, and millions continued enduring unemployment and lower living standards. Only now are there signs that the shift in national economic policies may be taking place.  Commentary 

Ian Bremmer

What doesn’t kill emerging markets make them stronger... right?

The countries leading the world’s growth - emerging markets such as China, India and South Africa - are not stable. One revolution or one sanction can turn growth into risk. This is the precarious global economy in which we now live.  Commentary 

Edward Hadas

The then and now of pensions

Pensions are a repayment for past contributions, but they are also an allocation out of current income. Politicians struggle to find acceptable compromises between the "then" and "now" of the two approaches. But the state is ill-placed to resolve this philosophical debate.  Commentary 

Quentin Webb

What Nokia needs to do in 2013

Shares in ailing handset maker Nokia have bounced, but the market is rightly wary. CEO Stephen Elop must now take sales of the flagship Lumia smartphone to another level. And floating the network equipment unit would help too.  Commentary 

Kevin Allison

Rio’s snap succession makes bad news look worse

Miner Rio Tinto's investors were expecting a big writedown, although maybe not $14 billion. But even though new CEO Sam Walsh is experienced and capable, the decision to replace Tom Albanese immediately looks rushed.  Commentary