Nicholas Sarkozy has called for the creation of a new European treaty if the single currency is to be preserved, while concerns over a hard landing for China mount as the Shanghai index posts four weeks of losses.
French Prime Minister Nicholas Sarkozy is leading calls for a new European treaty in order to save the euro from collapse, writes the Guardian.
China’s Shanghai Stock Exchange Composite Index has suffered a fourth week of losses, adding to concerns that the economy is in the midst of a slowdown, according to Bloomberg.
Royal Bank of Scotland has announced it will sell all 918 branches of the Galaxy pub group to Heineken for £422m, reports the BBC.
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