Britain isn’t in recession, it’s just not growing, says Bank rate-setter

Britain is not in recession but rather in a persistent period of zero growth, one of the Bank of England’s rate-setters has said.

Korean Teachers’ Credit Union Plans to Buy London Property in First Half

The Korean Teachers’ Credit Union, with 20.9 trillion won ($18.5 billion) of assets, plans to buy a 12-story office building in London in the first half as declining property prices boost returns.