Monthly Archives: December 2014

Past history is no indicator of how 2015 will be; Xiaomi is most valuable tech start-up; In India, religion bubbles over into politics

1 Past history no indicator of how 2015 will be (Jonathan Eyal in Straits Times) It is clear that 2014 has witnessed some fundamental strategic shifts and surprises, destined to shape our lives for years to come. The first and … Continue reading

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Russian economy shrinks first time in five years; ‘Uncertain times’ for oil industry; India’s Man of the Year

1 Russian economy shrinks first time in five years (Jill Treanor in The Guardian) The Russian economy has contracted for the first time in five years after falling oil prices and sanctions imposed by western governments began to take their … Continue reading

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Insecurity looms for Europe in 2015; US, Nato end 13-year war in Afghanistan; China growth to slow to 7%

1 Insecurity looms for Europe in 2015 (Gavin Hewitt on BBC) For Europe, 2015 will witness another attempt to reach a place of safety. For the past two years European officials and leaders have declared the economic crisis over. In … Continue reading

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Saudi Arabia to tap reserves for 2015 budget; France jobless at new record; Japan pins hope on stimulus

1 Saudi Arabia to tap reserves for 2015 budget (San Francisco Chronicle) Saudi Arabia’s Cabinet has endorsed a 2015 budget that projects a slight increase in spending and a significant drop in revenues due to sliding oil prices, resulting in … Continue reading

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Japan savings rate turns negative; Russia scraps New Year holidays for ministers; Uganda takes on the chocolate market

1 Japan savings rate turns negative (Linda Yueh on BBC) For the first time since records were collected in 1955, Japan’s population is drawing down its savings and the savings rate, calculated as savings divided by disposable income plus pension … Continue reading

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UK pips France to fifth place in global GDP league; Hackers hit Xbox, PlayStation; Fuel price plunge threatens electric cars

1 UK pips France to fifth place in GDP (Peter Walker in The Guardian) There’s good news and bad news for the UK in the latest league tables of global economies drawn up by a leading economic consultancy. It put … Continue reading

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South Korea growth forecast cut; Mumbai brothels turn realty sites; US opening to boost Cuba tourism

1 South Korea growth forecast cut (BBC) Asia’s fourth largest economy, South Korea, has cut its growth forecast, for this year and next, as consumer and business sentiment weakens. The Ministry of Strategy and Finance said on Monday the economy … Continue reading

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