Monthly Archives: October 2015

US economic growth slows sharply; After $6.6bn loss, Deutsche Bank cuts 15,000 jobs; China ends one-child policy after 35 years

1 US economic growth slows sharply (Andrew Walker on BBC) US economic growth slowed sharply in the third quarter of the year. Gross domestic product grew at an annualised pace of 1.5% between July and September, according to the Department … Continue reading

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Hint of US rate rise in December; Scandal hits Volkswagen, but sales hold up; Record cash profit for ANZ

1 Hint of US rate rise in December (Rupert Neate in The Guardian) The Federal Reserve on Wednesday kept interest rates unchanged at their record low of near-zero, but raised the likelihood of a rate hike in December by dropping … Continue reading

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Apple’s best year, making $234bn; UK growth slows to 0.5%; A visionary democratizing education

1 Apple’s best year, making $234bn (Rupert Neate in The Guardian) Apple has more than $205bn of cash in the bank, the company revealed as its chief executive Tim Cook said the firm had made more than $234bn in 2015, … Continue reading

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Japan Post raises $11.6bn in IPO; UK manufacturing faces demand slump; Apple, Microsoft lead in consumer ‘delight’

1 Japan Post raises $11.6bn in IPO (Khaleej Times) Japan’s government raised the maximum 1.44 trillion yen ($11.9 billion) sought in the privatisation of the nation’s postal service and its banking and insurance units. Shares of Japan Post Holdings were … Continue reading

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Oil price decline lowers remittances out of Gulf countries; Perhaps India, not China, should be target of Britain’s charm offensive; Conservatives win in Poland

1 Falling oil price lowers remittances out of Gulf countries (Babu Das Augustine in Gulf News) The decline in oil prices and their impact on economic growth is expected to have a dampening effect on remittances from Gulf Cooperation Countries … Continue reading

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Emirates, at 30, is ‘fastest-growing’ airline; Fifth of UK adults stuck with parents until 26; Making the most of your break

1 Emirates, at 30, is ‘fastest-growing’ airline (Sadiq Shaban in Khaleej Times) Emirates airline, launched in October 1985 with first flights to Karachi and Mumbai, is now one of the world’s biggest international carriers, flying to more than 140 destinations … Continue reading

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China interest rate cut fuels fear over economy; South Africa announces 0% hike in university fees; Weather’s too hot for global economy

1 China interest rate cut fuels fear over economy (Phillip Inman in The Guardian) China fuelled fears that its ailing economy is about to slow further after Beijing cut its main interest rate by 0.25 percentage points. The unexpected rate … Continue reading

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