Monthly Archives: May 2016

Funds crunch hits Gulf nations’ projects; Is Opec relevant anymore?; A male majority in Sweden

1 Funds crunch hits Gulf nations’ projects (Babu Das Augustine in Gulf News) Lower oil prices will constrain the amount of funding available to GCC governments to finance capital and infrastructure projects which will force them to look at alternate … Continue reading

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Middle East IoT spend to reach $3.2bn in three years; UAE hikes fuel price; The case against negative interest rates

1 Middle East IoT spend to reach $3.2bn in three years (Issac John in Khaleej Times) With the GCC governments encouraging industries and businesses to get ready for the Internet of Things (IoT) and leverage its uses towards energy management, … Continue reading

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US interest rates to rise again; High minimum wages may cost South Africa dear; ‘FB will track non-users, too’

1 US interest rates to rise again (Jana Kasperkevic in The Guardian) Federal Reserve chair Janet Yellen had a message for Wall Streeters anxiously wanting to depart for the long weekend: interest rate hikes are coming. The US central bank … Continue reading

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China loses No 2 creditor rank to Germany; Millennials aren’t buying homes; Sports stars as tech-preneurs

1 China loses No 2 creditor rank to Germany (Straits Times) Germany edged out China as the world’s second-largest supplier of external credit for the first time in at least a decade last year as the Asian giant’s authorities went … Continue reading

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Qatar stuns market with $9bn bond sale; China, US clash over cheap steel imports; FB, Microsoft plan private internet highway under water

1 Qatar stuns market with $9bn bond sale (Siddhesh Suresh Mayenkar in Gulf News) In what could be termed as the biggest bond issue in the Middle East, Qatar sold $9 billion in Eurobonds, its first in a gap of … Continue reading

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Greece averts crisis, stares at huge debt; Foxconn replaces ‘60,000 workers with robots’; Microsoft cuts 1,850 Nokia staff

1 Greece averts crisis, stares at huge debt (San Francisco Chronicle) It’s all but official: this summer’s Greek crisis has been called off. After an 11-hour meeting, European officials agreed to unfreeze more rescue loans and to consider ways to … Continue reading

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Eurozone unlocks €10.3bn bailout loan for Greece; Pisa tests to include global skills; Singapore non-oil exports slide 9%

1 Eurozone unlocks €10.3bn bailout loan for Greece (Jennifer Rankin in The Guardian) European officials have agreed to unlock €10.3bn in bailout money for Greece as the International Monetary Fund made a significant climbdown in its demand for upfront debt … Continue reading

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