Monthly Archives: June 2016

Japan factory output at 3-year low; A New Zealand town has too many jobs; Referendum hara-kiri

1 Japan factory growth at 3-year low (Straits Times) Japan’s industrial output slid in May at the fastest rate in three months to its lowest level since June 2013, highlighting concerns about falling exports and weak consumer spending. May’s 2.3 … Continue reading

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US first quarter growth revised upwards; Generation EU; Are we overpopulated or underdeveloped?

1 US first quarter growth revised upwards (BBC) The US economy grew faster than previously estimated in the first quarter of the year, according to official figures. The Commerce Department said gross domestic product (GDP) grew at an annual pace … Continue reading

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UK loses triple-A rating; India needs $1.5trn for infrastructure; When populism distorts democracy

1 UK loses triple-A rating (Jill Treanor & Katie Allen in The Guardian) The UK has been stripped of its last AAA rating as credit agency Standard & Poor’s warned of the economic, fiscal and constitutional risks the country now … Continue reading

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Brexit losses prompt firms to quit UK; Goldman sees UK recession; When the ‘risky trinity’ looms

1 Brexit losses prompt firms to quit UK (Zoe Wood, Jill Treanor & Phillip Inman in The Guardian) British businesses have warned that Brexit will trigger investment cuts, hiring freezes and redundancies as the consequences of leaving the European Union … Continue reading

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Post-Brexit financial world remains uncertain; Soros warns of EU disintegration; Democracy’s woes

1 Post-Brexit financial world remains uncertain (Nils Pratley in The Guardian) This post-Brexit financial world will require a lot of untangling. If a UK recession, however mild or brief, lies ahead, banks will see more loans turn sour while consumers’ … Continue reading

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EU, Britain prepare for ‘divorce’; Dubai rents may see 8% decline; After exit, Brits Google ‘what is EU?’

1 EU, Britain prepare for divorce (BBC) EU leaders are to meet to discuss the UK’s “divorce” from the organisation after a historic referendum result. The UK voted by 52% to 48% to leave the EU. Prime Minister David Cameron … Continue reading

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Pound plunges as Brexit seems near; Volkswagen ‘to pay $10bn’ for US emission claims; Refugees as future entrepreneurs

1 Pound plunges as Brexit seems near (Andrew Sparrow in The Guardian) Sir Vince Cable, the former Lib Dem business secretary, has told BBC that if leave win, David Cameron’s days as prime minister will be over. Professor Michael Thrasher, … Continue reading

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IMF warns US over high poverty; Instagram hits half billion users; LG’s mosquito-repelling TV

1 IMF warns US over high poverty (BBC) The US has been warned about its high poverty rate in the International Monetary Fund’s annual assessment of the economy. The fund said about one in seven people were living in poverty … Continue reading

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India opens up on FDI; Nigeria currency plummets on floatation; China to halve meat consumption

1 India opens up on FDI (Khaleej Times) India has announced sweeping reforms to rules on foreign direct investment, opening up its defence and civil aviation sectors to complete outside ownership and clearing the way for Apple to open stores … Continue reading

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Brexit would be end of EU, says Soros; Tourism, Leicester City and cheap oil propel Thailand; Romance in virtual reality

1 Brexit would be end of EU, says Soros (Phillip Inman in The Guardian) Billionaire investor George Soros has warned that a Brexit vote this month would make the breakup of the EU “almost certain”. Soros – who shot to … Continue reading

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