RBS sell-off plans boosted by profit

Improvement comes despite restructuring and misconduct costs

Centrica cuts 6,000 jobs as it alters focus

British Gas owner in ‘big shift’ from oil and gas production

MH370 search: Debris on Réunion examined

Plane part found on French island near Madagascar

Blackstone returns to CMBS loan market

Deal with Goldman highlights rising role in European real estate

New Deutsche chief blunt on outlook

John Cryan points to array of challenges facing German lender

Nokia soars 8% on strong quarterly results

Chief heralds best performance since handset division sold in 2014

UK and France beef up Calais security

Ministers from both countries point finger at Eurotunnel

Emerging markets extend Diageo’s hangover

Operating profit in North America also falls more than expected

BT scores strong television growth

60,000 customers added in first-quarter ahead of sports expansion

Providence and WPP in talks on Chime deal

Offer could value sports marketing group at more than £350m

Lloyd’s of London seeks Malaysia licence

Specialist insurer pushes into under-covered Asia market

Comment & Analysis

Wanted: Recreational drug users — will pay

Race is on to develop new ‘abuse-deterrent’ opioid painkillers

Exodus leaves UK army under strength

Army 3,400 men short of even reduced target strength

Tsipras faces challenge from Syriza members

Hardline faction of ruling party prepares for showdown

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"There's also the Keynesian view, where while saving (and hence lending) may be virtuous for the individual, especially if they have dependents, it's harmful for the wider economy. An extreme version sees excess savers as sucking the life out of the economy, while debtors are heroically taking risk onto themselves, which raises demand for the benefit of all."
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