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French borrowing costs surpass Spain's, a first since 2006
French borrowing costs surpass Spain's, a first since 2006
Business and Economy
by  AFP

The French government's borrowing costs surpassed Spain's for the first time in almost 18 years on Thursday as investors worry about France's yawning public deficit. Eric Dor, director of economic studies at France's IESEG School of Management, said the "dramatic improvement in the performance of southern countries" was the main factor behind Spain's borrowing costs being lower than France's.

World's first CO2 storage service soon ready in Norway
World's first CO2 storage service soon ready in Norway
Business and Economy
by  AFP

Norway inaugurated Thursday the gateway to a massive undersea vault for carbon dioxide, a crucial step before opening what its operator calls the first commercial service offering CO2 transport and storage. On the island of Oygarden, a key milestone was marked on Thursday with the inauguration of a terminal built on the shores of the North Sea, its 12 shiny storage tanks rising up against the sky.

South Korea surges in UN innovation index
South Korea surges in UN innovation index
Business and Economy
by  AFP

South Korea made the biggest jump among the world's 10 most innovative economies in the UN's annual rankings published Thursday, alongside a gloomy global outlook for innovation investment. But South Korea was the biggest mover in the GII's top 10, up four places to sixth, leapfrogging Finland, the Netherlands, Germany and Denmark.