Monthly Archives: May 2015

US economy shrank in Q1; Iraq in free fall; Digital industry isn’t a boy’s club

1 US economy shrank in Q1 (BBC) The US economy shrank 0.7% in the first three months of 2015, compared to the same period last year. The Bureau of Economic Analysis significantly revised down its earlier economic growth estimate of … Continue reading

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IMF chief feels Grexit a possibility; Why sponsors aren’t tougher on Fifa; Tough times for Singapore ornamental fish biz

1 IMF chief sees Grexit a possibility (Helena Smith & Heather Stewart in The Guardian) The head of the International Monetary Fund has warned that a Greek exit from the eurozone is a “possibility” as debt talks reach a critical … Continue reading

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Fifa corruption sparks sponsor concern; Greece is all but bankrupt; Facebook claims 40m small business pages

1 Fifa corruption sparks sponsor concern (BBC) Key sponsors of Fifa have expressed “serious concern” after the US accused senior officials of football’s governing body of racketeering, fraud and money laundering. Coca-Cola said the World Cup had been “tarnished” by … Continue reading

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China industrial profits reverse falling trend; Hopelessly adrift in Europe, Asia; In 5 years, poachers kill half of Mozambique elephants

1 China industrial profits reverse falling trend (Straits Times) Chinese industrial sector profits rose 2.6 per cent in April, in their first annual rise since last September, National Bureau of Statistics data showed, in a sign that the central bank’s … Continue reading

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Greece warns it is set to default on loans; ‘Middle East pays $1trn for gender gap’; A year of Narendra Modi in India

1 Greece warns it is set to default on loans (Phillip Inman in The Guardian) Greece has threatened to default on €1.6bn (£1.14bn) of debt repayment due on international bailout loans next month, claiming it does not have the funds … Continue reading

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US rate rise ‘some time this year’; Ireland first to legalise gay marriage by popular vote; Britain resigns as a global power

1 US rate rise ‘some time this year’ (Straits Times) Janet Yellen has said she expects the Federal Reserve to begin raising interest rates “at some point this year,” saying delaying the long-awaited move risks the economy overheating. But the … Continue reading

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Indonesia’s record $2bn Islamic bond issue; McDonald’s faces worker protests; Fear over the fate of Palmyra

1 Indonesia’s record $2bn Islamic bond issue (Straits Times) Indonesia completed its largest-ever global sukuk offer, selling $2 billion of the debt at the lowest yield in three years. The Finance Ministry issued the dollar notes at 4.325 per cent, … Continue reading

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