Monthly Archives: March 2013

Silver linings of Cyprus bailout; End of India IT staffing as we knew it; Wearable computing is nearer; Fixing India’s broken education system

1 Silver linings of Cyprus bailout (Sony Kapoor in The Guardian) Most recent commentary on the Cyprus bailout has been remarkably negative. Not without reason: the excruciating process of reaching this deal was deeply flawed and will impose large additional … Continue reading

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UK big five banks’ profits ‘wiped out’; Devastating rescue of Cyprus; India’s leaderless democracy; Teen turns tech millionaire

1 UK big five banks’ profits ‘wiped out’ (BBC) The major UK banks saw a 45% rise in core profits in 2012, but that hike was wiped out by a mix of regulation and their own mistakes, a KPMG report … Continue reading

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Cyprus keeps banks shut to avert disaster; ‘Days’ of our lives; No easy job for new Pope; Rapes raise a stink for India

1 Cyprus keeps banks shut to avert disaster (Angelique Chrisafis & Miriam Elder in The Guardian) Cyprus ordered its banks to remain closed until next week as the cabinet held emergency talks in an effort to strike a deal with … Continue reading

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AstraZeneca to cut over 2,000 jobs; Reading, writing and video games; World’s largest solar panel maker defaults; A woman’s world; India’s recurring nightmare

1 AstraZeneca to cut over 2,000 jobs (Rupert Neate in The Guardian) AstraZeneca is cutting 2,150 jobs in George Osborne’s constituency just five months after the chancellor helped the drugs group secure a £5m government grant to develop its Alderley … Continue reading

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Cyprus bailout spreads panic; China is fifth largest arms exporter; Here come the domestic drones

1 Cyprus bailout spreads panic (Paul Gallagher & Helena Smith in The Guardian) Cypriots reacted with shock that turned to panic on Saturday after a 10% one-off levy on savings was forced on them as part of an extraordinary 10bn … Continue reading

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New Pope is conservative with common touch; Catholic Church’s shift southward; Why the World Bank group president visited Uttar Pradesh

1 New Pope is conservative with common touch (Emily Schmall & Larry Rohter in The New York Times) Like most of those in Argentina, he is a soccer fan, his favorite team being the underdog San Lorenzo squad. Known for … Continue reading

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France to break deficit pledge; The health of nations

1 France to break deficit pledge (BBC) President Francois Hollande has admitted France will miss its target on lowering the budget deficit this year. France’s deficit will “without a doubt” be 3.7% of its output this year, he said, above … Continue reading

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