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People take their break in the business district of La Défense, Paris, on Wednesday. France’s economy has fallen back into recession, spelling trouble for the region. Insee, the national statistics agency, said gross domestic product fell 0.2 per cent in the first quarter of the year. It also revised its data for the fourth quarter of last year, saying GDP fell 0.2 per cent, up from a 0.3 per cent retraction. Read more
Construction workers labour on the roof of a building in the Fort Bonifacio district of Manila, the Philippines. The Philippines beat Indonesia to win an investment grade from Standard & Poor’s last week as President Benigno Aquino outshines Susilo Bambang Yudhoyono in improving government finances and spurring growth. Read more