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The Bank of England is not urgently considering raising interest rates which will probably increase only gradually when the time comes, deputy governor Charlie Bean was quoted as saying on Wednesday. "Inevitably there's a lot of focus on what date the Bank Rate will go up. That depends on how the economy unfolds," Bean said in an interview with the Evening Gazette newspaper in Middlesborough, northeast England.
WASHINGTON (AP) — Errico Auricchio produced cheese with his family in Italy until he brought his trade to the United States more than 30 years ago. Now, the European Union is saying his cheese isn't authentic enough to carry a European name.
HONG KONG (AP) — Within an industry notorious for impoverishing shareholders and irking customers, Malaysia Airlines has stood out for its years of restructurings and losses. The company now has global recognition of a far more unfavorable kind after one of its jets disappeared four days ago with 239 people aboard.