Monthly Archives: August 2016

Japan jobless at two-decade low; Why Ireland doesn’t want billions from Apple; Rise of the robots

1 Japan jobless at two-decade low (BBC) Japan’s unemployment rate fell to 3% in July, the lowest for 21 years, despite the country’s stagnant economy. Separate data showed spending by households in Japan fell by less than expected in the … Continue reading

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China launches aircraft engine firm; Brexit vote as the new millennium bug; nuTonomy plans driverless taxis in 10 cities

1 China launches aircraft engine firm (BBC) China has launched its first aircraft-engine manufacturer in an attempt to wean itself off Western suppliers. The state-owned Aero-Engine Group of China was created by combining a group of existing aircraft-engine companies, according … Continue reading

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US to spend $2.5bn on rail expansion; Oil price hike gives near-term relief to GCC; Car hacking a looming threat

1 US to spend $2.5bn in rail expansion (BBC) US vice president Joe Biden has announced plans to lend railway operator Amtrak $2.45bn to expand services and make upgrades.Amtrak’s plans include expanding high-speed trains between Washington DC and Boston. Rail … Continue reading

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Lamborghini aims to double sales; FARC rebels end half-century war; White, male and well-off grads dominate professional jobs

1 Lamborghini aims to double sales (Khaleej Times) Lamborghini Chief Executive Officer Stefano Domenicali has said the luxury automaker expects to at least double production to 7,000 vehicles a year by 2019 once it rolls out a new SUV. Domenicali … Continue reading

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Eurozone shows growth despite Brexit fears; Airbnb starts own listings; Tesla claims ‘milestone’ car battery

1 Eurozone shows growth despite Brexit fears (San Francisco Chronicle) Business activity across the 19-country eurozone grew at a steady, moderate pace in August as the region continued to show little concern about the impact of a British exit from … Continue reading

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Aramco’s mother-of-all IPOs; Ford self-driving cars by 2021; Sad plight of Mongolian currency

1 Aramco’s mother-of-all IPOs (Matein Khalid in Khaleej Times) It will be the mother of all initial public offerings, unquestionably the biggest financial deal in history. Saudi Aramco is a $2 trillion colossus, the largest oil and gas producer on … Continue reading

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Global outlook brighter as Brexit fears fade; Selfies boost make-up sales; Stanford and Cal fifth in Olympic medals

1 Global outlook brighter as Brexit fears fade (Issac John in Khaleej Times) Despite heightened political uncertainty, the global outlook has brightened a little with early evidence suggesting that the impact of Brexit on the rest of Europe would be … Continue reading

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Strongest week for oil since March; Self-driving Ubers have arrived; The evolution of greenwashing

1 Strongest week for oil since March (Gulf News) Oil capped its strongest weekly increase in five months after entering a bull market as investors weighed speculation that Opec talks next month could lead to an output freeze, and US … Continue reading

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BHP Billiton hit by commodity rout; Ford’s self-driving car by 2021; UAE vacancies drop 22%

1 BHP Billiton hit by commodity rout (Sean Farrell & Graham Ruddick in The Guardian) BHP Billiton, the world’s biggest miner, has reported a record loss of $6.4bn (£4.9bn) following a fatal dam disaster in Brazil, a slump in the … Continue reading

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Japan growth runs out of steam; Chequered 2016 for crude oil; July was hottest month ever

1 Japan growth runs out of steam (BBC) Japan’s economy grew at a weaker-than-expected rate in the second quarter despite an aggressive spending policy by the government. Gross domestic product grew at an annualised rate of 0.2% in the three … Continue reading

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