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News in Brief

January 30, 2014

Income disparities in countries around the world have been worsening, posing new risks for global economic and political stability, the UN Development Programme (UNDP) warned in a report yesterday. The warning echoes remarks from US President Barack Obama in his annual State of the Union address on Tuesday, in which he said there was a widening gap between rich and poor in the world's biggest economy and that while the stock market had soared, average US wages had barely budged. The UNDP report said income inequality rose by 11 percent in developing countries over the two decades between 1990 and 2010. - Reuters As Adcock Ingram shareholders prepare to attend their company's annual general meeting tomorrow, there is continued uncertainty around a number of key issues relating to the controversial bid by Chilean pharmaceutical company CFR. A new uncertainty has been added to the transaction following CFR's recent statement that it "may purchase Adcock Ingram ordinary shares otherwise than under the offer, such as in the open market or privately negotiated purchases". page 19 The Mercury


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Source: Mercury, The (South Africa)


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