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ECB to inject more than a trillion euro into EU economy

The European Central bank plans to spend €1.1 trillion buying bonds and other assets. The UK will ban branding on cigarette packs and allow graphic health warnings.

Years after its American, Japanese and British counterparts, the ECB has unveiled its programme of Quantitative Easing. It has decided to create up to €1.1 trillion of new money and spend it on buying government bonds and other financial instruments from banks across the Eurozone. The idea is those banks will then lend that extra money on to homeowners and businesses.

We hear from the head of the European Central Bank, Mario Draghi, Italy's minister of economy and finance Pier Carlo Padoan, economist Ken Wattret at BNP Paribas, renowned German economist Hans Werner Sinn and currency analyst Kathleen Brooks. Βι¶ΉΤΌΕΔ Correspondent Tom Burridge reports from Madrid on how Spanish businesses cannot get credit.

Are you a smoker? If you are, would you continue smoking if your brand of choice no longer had any coloured designs on the pack and there were photographs of diseased lungs. The UK intends to introduce legislation before May to make this plain packaging a reality, hoping that tens of thousands of citizens will give up smoking. We hear from Alison Cox a Director of Research at Cancer Research.

You might think that one of the world's most famous pop stars might appreciate the extra publicity of having her face adorn the teeshirts of one of the most popular clothing retailers in the UK. But Rihanna thought not, and has won a battle at the Court of Appeal in London against the retailer Top Shop. It had been selling a sleeveless tee shirt featuring a photo of the star that was taken without her permission. And the ruling ensures a ban on its sale is allowed to remain in place. Rihanna has previously done publicity and commercial appearances for Top Shop.

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28 minutes

Last on

Thu 22 Jan 2015 17:32GMT

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  • Thu 22 Jan 2015 17:32GMT