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Solicitors invited to tender for state job

The State's budget watchdog the Office of the Comptroller and Auditor General is seeking new legal advisers.

In a tendering notice published last night, the office invited solicitors to apply to provide legal services. It is offering a three-year contract for the work which will range from advice on litigation, contract and employment law, to advising on defamation and legislation.

Strong yen adds to Japanese concerns


The Bank of Japan yesterday revised downward its forecast for the nation's growth in fiscal 2010 to 2.1pc from 2.6pc, but said it saw deflation ending in fiscal 2011. Japan's central bank said that the pace of Japan's recovery was slowing amid a deceleration in growth in crucial exports and production. It also warned that the recent strength of the yen against other major currencies would hinder Japan's recovery.

IMF warns about overvalued dollar


The International Monetary Fund has said the dollar is overvalued on the currency markets, while the euro, yen and sterling are in line with economic fundamentals. The assessment came in an IMF report to the Group of 20 economic powers. The imbalance has sparked fears of 'currency wars' to protect exports amid the global economic recovery.

Big Brother firm's stock written down


Gestevision Telecinco SA, the Spanish television programmer and part-owner of Endemol NV, said it wrote down shares in the 'Big Brother' producer to zero. "What we have here is just a writedown," Telecinco's chief financial officer Javier Uria said yesterday. "Everything is normal," he added.

'Inactivity' in Italy hits record high


ITALY'S worst recession since the Second World War has prompted a record number to give up their search for jobs. The number of working-age Italians classified as "inactive" -- neither in employment nor seeking work -- hit 15 million in August. Last year about 37.6pc of Italians aged 15 to 64 were inactive, compared with 28.7pc in the eurozone, according to the EU statistics office Eurostat.

Irish Independent