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Presents business news briefs. Widening of the trade surplus in Japan; Growing overseas investments by Japanese companies; Upgrade of credit ratings on Canon and Ricoh; Borrowing outlook for the British government; Fines which were levied against mortgage lender Abbey National in Britain; Decline in profits expected at Dutch telecommunication company, Royal KPN; Court ruling in a credit lawsuit against Deutsche Bank; Purchase of Scout24AG by T-Online International of Germany.

Reports on the decision of Deutsche Telekom A.G. of Germany to cut its long distance prices by more than 50 percent. Reason for decreasing the rate; Reaction of investors on the move; Deregulation of the European telecommunication industry.

Compares how government deregulation has affected the cost of airfare in the United States and Europe. Flights within Europe costing roughly twice as much as flights of similar distance within the United States; EBA Express, a low-cost alternative to Europe's higher-priced state-owned airlines. INSET: Flight patterns.