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Richard Branson 'heartbroken' as his wife dies aged 80
Richard Branson 'heartbroken' as his wife dies aged 80
by  AFP

British entrepreneur Richard Branson paid tribute Wednesday to his wife Joan Templeman shortly after announcing her death, saying "life will never be the same without her". Templeman avidly avoided the public spotlight, with Branson describing her as a "down-to-earth Scottish lady" and "very private person" who almost never gave interviews.

ECB warns on stretched AI valuations and sovereign debt risks
ECB warns on stretched AI valuations and sovereign debt risks
by  AFP

Heightened market exuberance around artificial intelligence and eye-popping levels of government debt could pose risks to eurozone financial stability, the European Central Bank warned Wednesday. High levels of government debt could further undermine financial stability, the ECB said, warning that this could result in swings in the value of the euro and the cost of eurozone government debt.

IMF urges Germany to enact 'pro-growth' reforms
IMF urges Germany to enact 'pro-growth' reforms
by  AFP

The International Monetary Fund said Wednesday that Germany's public spending ramp-up must be accompanied by "pro-growth" reforms to ensure Europe's beleaguered top economy makes a sustained recovery. There is growing unease about Merz's economic plans however -- critics say public spending is moving too slowly, is being misdirected, and there is little focus on deep reform.

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