Monthly Archives: September 2016

China markets face worst year since 2011; World economy in a trap, needs creative destruction; World’s biggest bank IPO

1 China markets face worst year since 2011 (Straits Times) This year is seen going down as the worst since 2011 for China’s stock investors as the memory of last summer’s rout lingers and speculative buying switches to the housing … Continue reading

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Eurozone growth at 20-month low; Helicopter money is back in the air; UPS tests drones for package delivery

1 Eurozone growth at 20-month low (Gulf News) Eurozone economic growth has slowed to its weakest pace since January 2015, a closely watched survey has shown. Data monitoring company IHS Markit said its September report was “disappointing,” with the underlying … Continue reading

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US Fed keeps interest rates unchanged; Zuckerberg and Chan aim to tackle all diseases; Learning and unlearning at Unilever

1 US Fed keeps interest rates on hold (Gulf News) The US Federal Reserve left interest rates unchanged on Wednesday but strongly signaled it could still tighten monetary policy by the end of this year as the labor market improved … Continue reading

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The two sides of China’s debt; UK financial fraud soars 53%; Architect finds inspiration in snakes, peanuts

1 The two sides of China’s debt (Karishma Vaswani on BBC) A full blown banking crisis for China in three years’ time. The warning from the Bank of International Settlements (BIS) certainly sounds dire, and it should be taken seriously … Continue reading

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Fears rise over likely China banking crisis; Robot taxis approaching fast; Global education as civil rights struggle of our time

1 Fears rise over likely China banking crisis (BBC) Risks of a Chinese banking crisis are mounting, according to a warning indicator from the banking industry’s global watchdog. A key gauge of stress in the banking sector is now more … Continue reading

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US, Russia reach Syria deal; MasterCard faces $19bn lawsuit; Robot operates inside the eye

1 US, Russia reach Syria deal (James Landale on BBC) Russia and the US have announced an agreement on Syria starting with a “cessation of hostilities” from sunset on Monday. Under the plan, the Syrian government will end combat missions … Continue reading

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ECB interest rate stays at zero; North Korea nuclear test suspected; Tenth of wilderness destroyed in 25 years

1 ECB interest rate stays at zero (BBC) The European Central Bank has kept its main interest rate on hold at zero for another month. The eurozone central bank’s 25-member governing council left its benchmark borrowing rate at zero. The … Continue reading

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