Monthly Archives: July 2014

Argentina heads for default; US economy beats forecast with 4% growth; Smartphone slowdown hits Samsung profit; Billion-dollar bets on India e-commerce

1 Argentina heads for default (Heidi Moore & Angela Mongahan in The Guardian) Argentina is heading for its second debt default in 13 years after negotiations with bondholders broke down in New York. Axel Kicillof, Argentina’s economy minister, said US … Continue reading

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US, EU slap sweeping sanctions on Russia; Israel bombards Gaza, targets Hamas centres; Why bad news makes headlines; South Africa unemployment at 26%; More divorces, fewer marriages in Singapore

1 US, EU slap sweeping sanctions in Russia (Julian Borger, Paul Lewis & Rowena Mason in The Guardian) EU governments have agreed to impose sweeping sanctions on Russia, targeting state-owned banks, imposing an arms embargo and restricting sales of sensitive … Continue reading

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China is richer but more unequal; How to job search using social media; Being anxious is being human

1 China is richer but more unequal (Jonathan Kaiman in The Guardian) China is becoming more unequal as it gets richer, with about a third of the country’s wealth now concentrated in the hands of 1% of its citizens, according … Continue reading

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German surplus and eurozone stagnation; Acknowledging the era of flexi-work; Hunger in South Sudan

1 German surplus and Eurozone stagnation (Robert Skidelsky in The Guardian) While the rest of the world recovers from the great recession of 2008-2009, Europe is stagnating. Eurozone growth is expected to be 1.7% next year. What can be done … Continue reading

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Brazil frees up $13bn to boost economy; Amazon’s quest for global domination; Girls and computer codes

1 Brazil frees up $13bn to boost economy (BBC) Brazil’s central bank has announced plans to reduce the amount of money commercial banks keep in reserve, in a bid to boost economic growth. The bank says the measure will free … Continue reading

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UK GDP passes pre-crisis level; India threatens to derail WTO deal; Being wary of ‘caring capitalism’; Fear of another tech bubble

1 UK GDP passes pre-crisis level (BBC) The UK economy has returned to pre-crisis levels by expanding 0.8% in the second quarter of this year. On an annual basis gross domestic product expanded by 3.1%. The figures show the economy … Continue reading

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IMF lowers global forecast; Big quarterly loss for Amazon; More humans, less bugs and a spurt in conflicts

1 IMF lowers global forecast (BBC) The International Monetary Fund has lowered its forecast for global economic growth this year, from 3.7% to 3.4%. The reduction reflects a weak start to the year in the US and a number of … Continue reading

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