Monthly Archives: September 2013

US faces federal shutdown; Siemens to axe 15,000; Austerity was never the answer; Google at 15 eyes the future

1 US faces federal shutdown (Janet Hook & Kristina Peterson in The Wall Street Journal) The nation braced for a partial shutdown of the federal government, as time for Congress to pass a budget before a Monday midnight deadline grew … Continue reading

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Growth crisis undercuts India influence; US tapering and the Fragile Five; Onion turns kingmaker in India; Jesus as first tweeter

1 Growth crisis undercuts India influence (Sadanand Dhume in The Wall Street Journal) As Manmohan Singh meets Barack Obama on what is likely his last visit to America as India’s prime minister, US-India relations stand at a proverbial crossroads. Not … Continue reading

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Asia at risk as economies delay the inevitable; Unripe old age in UAE; A balance on work-life balance; Telstra axes 1,100

1 Asia at risk as economies delay the inevitable (Bettina Wassener in The New York Times) Economists say the Federal Reserve’s decision to keep pumping money into the American economy is only a temporary reprieve for Asia — one that … Continue reading

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How India, Indonesia are coping with economic stress; Struggling BlackBerry sold for $4.7bn; India’s hidden massacre; Speedy trains propel China

1 How India, Indonesia are coping with economic stress (Keith Bradsher, Joe Cochrane & Neha Thirani Bagri in The New York Times) India, with a population of about 1.2 billion, and Indonesia, population 250 million, are both struggling to modernize … Continue reading

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Merkel wins, allies crushed; When the American dream turns a burden; China manufacturing rebounds

1 Merkel wins, allies crushed (Straits Times) Chancellor Angela Merkel led her conservatives to a stunning victory in Germany’s election on Sunday, a personal triumph that cements her position as Europe’s most powerful leader. However, she will need to reach … Continue reading

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Car sales slump shows eurozone fragility; Six years to fix Greece; Globaliser Toyoda dies at 100

1 Car sales slump shows eurozone fragility (Gwyn Topham in The Guardian) Slumping car sales across the EU in August have underlined the fragility of the eurozone economy, with the cumulative figures for the year to date at a record … Continue reading

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UK starts Lloyds Bank privatisation; New wealth record for US super-rich; Airbnb’s revolution in a spare room

1 UK starts Lloyds Bank privatisation (BBC) The government’s sale of Lloyds Banking Group has begun, with big investors being offered 6% of the bank. Based on Monday’s closing share price, that stake would be worth £3.3bn and the deal … Continue reading

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