Wealthy Gulf investors warm to Africa

January 9, 2013 1:21 am0 comments

By Mirna Sleiman Dubai  – (Reuters) – Wealthy Gulf Arab companies are boosting their investment in Africa’s vast lands and untapped resources, marking a shift for investors who have traditionally directed their money towards assets in the United States and Europe. One reason for the shift is negative: with government […]

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Eurozone meltdown ‘cannot be discarded’ in dangerous mix of global risks, warns World Economic Forum

January 8, 2013 7:39 pm0 comments
Eurozone meltdown ‘cannot be discarded’ in dangerous mix of global risks, warns World Economic Forum

A dangerous mix of fragile economies and extreme weather has increased global risks, with a meltdown in the eurozone still a threat, the World Economic Forum said. In its Global Risks 2013 report, the WEF said eurozone instability will weigh on world prospects in coming year and the threat of “systemic financial […]

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Iran’s Economy Faces Grim 2013

January 4, 2013 10:35 pm0 comments
Iran’s Economy Faces Grim 2013

By Kevan Harris What is the state of Iran’s economy in 2013 compared to a year ago? Iran’s economy enters 2013 significantly worse than a year ago, particularly with higher inflation and unemployment than at the beginning of 2012. The rial also plunged from around 11,000 to the dollar at […]

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As thousands risk losing benefits, 10,000 jobs go unfilled

10:00 pm0 comments
As thousands risk losing benefits, 10,000 jobs go unfilled

By RW Despite a national unemployment rate of 6 percent some 10,000 vacancies went unfilled in the autumn of 2012, according to a survey of 14,000 workplaces by Arbejdsmarkedsstyrelsen, the national labour market authority. The positions were available in a wide variety of trades, including construction, cleaning and cooking. “It […]

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Cliff’ Concerns Sink Europe Markets

December 28, 2012 3:12 pm0 comments

  By ANDREA TRYPHONIDES European stocks sank, the euro fell against the dollar and U.S. stock futures and U.S. Treasurys edged lower as investors’ concerns regarding the U.S. budget negotiations escalated Friday. The U.S. House of Representatives will meet Sunday in a last-ditch effort to reach a deal on the budget. […]

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Possible strike at docks would cripple key U.S. ports, hurt economy

1:22 pm0 comments

By Brad Plumer and Michael A. Fletcher, Thousands of dockworkers from Baltimore to Houston are threatening to go on strike Sunday over their pay, a move that could throttle an array of key ports and disrupt commerce at a critical juncture for the economy. Nearly half of the nation’s ocean-bound container traffic […]

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Europe’s Leaders See Growth; Business Prepares for the Worst

December 22, 2012 1:25 am0 comments
Europe’s Leaders See Growth; Business Prepares for the Worst

By Carol Matlack Europe’s leaders are starting to talk, cautiously, about economic recovery. “Growth is expected to pick up in the second half of 2012 and gather speed in 2013,” Olli Rehn, the European Commissioner for Economic and Monetary Affairs, wrote in a Dec. 10 column in the Financial Times. Sounds encouraging—but […]

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Iran’s Rial—A Sequel

October 25, 2012 7:59 pm0 comments

The Islamic Republic’s lingering currency crisis, the rial value’s continued daily fluctuations in the free market, and the rudderless management of the exchange rate by the Central Bank have given rise to some onerous predictions. The rial itself has been declared “on its death throes.” Iran’s economy has been portrayed as edging towards total  […]

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