Monthly Archives: May 2017

Drones, driverless trucks and the jobs threat; US growth revised up to 1.2%; India failing in job creation

1 Drones, driverless trucks and the jobs threat (Max Opray in The Guardian) Morgan Stanley has forecast that freight operators could save $168bn a year by replacing humans with vehicles that drive themselves with no need for toilet breaks or … Continue reading

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Internet giants shine in data-driven economy; Arab nations struggle to get local talent; For Church of England a 17% ROI

1 Internet giants shine in data-driven economy (Goh Eng Yeow in Straits Times) Like US tech giants Alphabet and Facebook, China’s Tencent has been enjoying a sharp run-up this year. One common trait shared by all these firms is their … Continue reading

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The oil glut persists; Impending end of manned air traffic control; First female ref in Bundesliga

1 The oil glut persists (Gulf News) After the first Opec oil production cut in eight years took effect in January, oil traders from Houston to Singapore started emptying millions of barrels of crude from storage tanks. Investors hailed the … Continue reading

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Japan economy grows stronger than expected; Cisco cuts 1,100 jobs; Ford to axe jobs in North America, Asia

1 Japan economy grows faster than expected (BBC) Japan’s economy grew faster than expected in the first three months of the year, according to official data. The economy grew 0.5% in the quarter, while the annualised rate of growth was … Continue reading

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Why Indian women are leaving work; Low unemployment, but people feel worse off; South Africa turning ‘increasingly violent’

1 Why Indian women are leaving work (Soutik Biswas on BBC) Why are millions of women dropping out of work in India? The numbers are stark – for the first time in India’s recent history, not only there was a … Continue reading

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Greece back in recession; Ford to cut North America, Asia staff; Boy, 11, shows ‘weaponisation of toys’

1 Greece back in recession (BBC) Greece has fallen back into recession for the first time since 2012, official figures from Eurostat show. The country’s gross domestic product (GDP) fell by 0.1% in the first three months of the year … Continue reading

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Russia, Saudi Arabia back oil cut extension; On uninhabited island, 38m pieces of plastic wastes; UAE millennials ‘not saving enough’

1 Russia, Saudi Arabia back oil cut extension (San Francisco Chronicle) Russia and Saudi Arabia have said they want to extend oil production cuts through the first quarter of 2018, in a move the two major producers say would support … Continue reading

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Be worried about commodity slip ups; Toyota ‘backs flying car project’; Millennials and home ownership

1 Be worried about commodity slipups (Shelley Goldberg in Gulf News) The world has become more efficient both in commodity production and consumption over the last few decades. As a result of better technology, it costs less today to produce … Continue reading

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Global system ‘under enormous strain’; Another cyber-attack ‘imminent’; China pledges $124bn for Belt & Road

1 ‘Global system under enormous stress’ (Nils Pratley & Jill Treanor in The Guardian) The bad news is that another economic crisis could strike within two years. The good – or better – news is that such a shock is … Continue reading

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Ransom-ware cyber-attack hits nearly 100 countries; German growth speeds up; Chinese spent $24bn on ‘golden visas’

1 Ransom-ware cyber-attack hits nearly 100 countries (Julia Carrie Wong & Olivia Solon in The Guardian) A ransomware cyber-attack that may have originated from the theft of “cyber weapons” linked to the US government has hobbled hospitals in England and … Continue reading

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