Monthly Archives: December 2015

IMF chief sees disappointing global growth in 2016; Subsidy reforms hit Saudi industry; India mobile subscribers cross 1 billion

1 IMF chief sees disappointing global growth in 2016 (The Guardian) Global economic growth will be disappointing next year and the outlook for the medium-term has also deteriorated, the head of the International Monetary Fund has warned. The IMF managing … Continue reading

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Over a million refugees reach Europe by sea; Gulf nations embark on reform as oil plunges; A bearish case for the Indian rupee

1 Over a million migrants reach Europe by sea (Paul Adams on BBC) More than one million refugees and migrants have reached Europe by sea since the start of 2015, the United Nations refugee agency (UNHCR) says. More than 80% … Continue reading

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Oil price fall swells Saudi Arabia deficit; ‘Global economy will live dangerously in 2016’; Japan recovery takes a hit

1 Oil price fall swells Saudi Arabia deficit (BBC) Saudi Arabia’s budget deficit soared to $98bn this year as the world’s biggest oil exporter counted the cost of falling crude prices. In the first budget under King Salman, the kingdom … Continue reading

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Oil and Asian stock markets fall again; UK young home ownership at record low; Cow dung patties sell online in India

1 Oil and Asian stock markets fall again (The Guardian) Shares in Europe and Asia fell on Monday in trade thinned by holidays in a number of financial centres, hit by slumping oil prices and concerns over Chinese growth and … Continue reading

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Commodity roller-coaster not over yet; Smartphone brands face mass extinction; Finding some social ‘Netiquette’

1 Commodity roller-coaster not over yet (Carmen Reinhart in Gulf News) The global commodity supercycle is hardly a new phenomenon. But the element of predictability in the path of the commodity-price cycle, like that in the course of a roller … Continue reading

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US jobless claims at 42-year low; Saudis versus frackers leads to flood of oil; What millennials want

1 US jobless claims at 42-year low (Khaleej Times) The number of Americans filing for unemployment benefits fell more than expected last week, nearing a 42-year low as labour market conditions continued to tighten. Initial claims for state unemployment benefits … Continue reading

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UK growth forecast cut; Security, economy top priorities for Saudi Arabia in 2016; Oil fall and income redistribution

1 UK growth forecast cut (Larry Elliott in The Guardian) George Osborne has received a second pre-Christmas setback after official figures showing a stuttering performance by the economy in the months following the general election put the government’s 2015 growth … Continue reading

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