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A third of US architectural practices will increase staffing levels in 2002, according to a report from the American Institute of Architects.

The raft of stadiums built in Japan and South Korea for the World Cup will pay off.

The Japanese Organising Committee states that a huge cash injection for the Asian economy will result from the four-week tournament and the estimated 350,000 visitors.Japan is expected to rake in £17bn, while South Korea will collect £6bn.

The difference between the price of a typical London home and the UK average is £83,000 - according to research from the Halifax.

However, it said the highest average property price climb was in East Anglia, where prices rose by 19.8 per cent.

The Engineering Employers Federation claims that 160,000 manufacturing jobs will be slashed this year - half of which will be engineers.

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