Monthly Archives: January 2015

Greece shuns debt talks with ‘troika’; Weak growth, cheap oil pull Eurozone prices down; Two things depression taught me

1 Greece shuns debt talks with ‘troika’ (Mark Lowen on BBC) Greece’s new left-wing finance minister says his government will not negotiate over the Greek bailout conditions with the “troika” team from the EU and IMF. Yanis Varoufakis said he … Continue reading

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Greece and eurozone creditors gear up for clash over bailout; US jobless claims at 15-year low; UK young hit by wage slump

1 Greece and Eurozone creditors gear up for clash over bailout (San Francisco Chronicle) Greece’s new radical left government has shot the first salvo in what is expected to be a tough clash with fellow eurozone countries over budget cuts … Continue reading

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Apple profit ‘biggest in history’; What ‘junk’ credit status means to Russia; Scotch whisky industry ‘bigger than UK iron & steel or computers’

1 Apple profit ‘biggest in history’ (Richard Taylor on BBC) US technology giant Apple has reported the biggest quarterly profit ever made by a public company. Apple reported a net profit of $18bn in its fiscal first quarter, which tops … Continue reading

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Russia credit in junk status for first time in decade; Germany warns Greece over debt commitments; Rising wealth and increasing self-absorption

1 Russia credit in junk status for first time in decade (Jill Treanor in The Guardian) Russia’s credit rating has been downgraded to junk status for the first time in a decade due to the collapsing oil price, the tumbling … Continue reading

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Market turmoil likely as Greek radical left wins; UK recovery losing steam; US and India ‘rebalance Asia’ against China’s rise

1 Market turmoil likely as Greek radical left wins (San Francisco Chronicle) A radical left-wing party vowing to end Greece’s painful austerity program won a historic victory in Sunday’s parliamentary elections, setting up a showdown with the country’s international creditors … Continue reading

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2015: Year of sharing economy for cities; ECB move sends euro to 11-year low; South Korea growth at six-year low

1 2015:Year of sharing economy for cities (April Rinne in Straits Times) The sharing economy – based on the idea of “access over ownership” – is not a panacea to global problems. However, it is an incredibly powerful tool that … Continue reading

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€1.1tn plan to save eurzone; Generational shift near for Saudi Arabia; South Africa’s political denialism

1 €1.1tn plan to save eurzone (Heather Stewart in The Guardian) The European Central Bank launched what City experts called a “shock and awe” plan to pump €1.1tn (£830bn) into the eurozone in a last-ditch attempt to prevent the single … Continue reading

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