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Will China and its E7 emerging economies render the G7 a redundant clique?

The Emerging 7 (E7), which is made up of Brazil, Russia, India, China, Mexico, Indonesia and Turkey, is not an actual forum or alliance like the Group of 7 (G7), but a concept created by two economists in 2006 to highlight the economic potential of emerging countries.

UK homeowners brace for potential interest rate hike

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