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News & Updates
January 20, 2014 World's 85 richest own 46% of global wealthSource: USA Today
Research conducted by the British charity Oxfam has concluded that the combined wealth of the world's 85 richest people is equivalent to that owned by the bottom half — in wealth terms —of the world's population.
January 17, 2014 U.S. says Europe bank failure fund inadequate
Reuters - Lew said a deal struck in Europe last month to create a fund over the coming decade for dealing with future bank failures was important, but inadequate. "We don't think it's big enough. We don't think it's fast enough,"...
January 17, 2014 From Davos, a View on the State of Globalization
Businessweek - The annual meeting of the îWorld Economic Forumî is devoted to âimproving ... the year he joined the Nixon White House as Henry Kissingerâs economics deputy. The Pacific and Atlantic trade...
AllAfrica - Geneva â A stellar cast of more than 2,500 business, government, academic and civil society leaders are expected to attend this year's îWorld Economic Forumî in Davos, Switzerland. The meeting, which...
January 16, 2014 Lagarde Warns Officials to Fight Deflation ‘Ogre’ DecisivelySource: BusinessWork
International Monetary Fund Managing Director Christine Lagarde urged policy makers in advanced economies to fight risks of deflation that would threaten a global recovery she called “feeble.” Less than a week before the...
January 14, 2014 Fighting China’s Military a Daily Task for US CompaniesSource: Epoch Times
Economic espionage is the dirty underbelly of globalization. Nation-states—particularly China—steal intellectual property from U.S. companies at an extraordinary pace. And they don’t just use computer hacking to do so: insider...
January 10, 2014 New titleholder? China says it is world's largest traderSource: BBC News
China's latest trade figures show it is "very likely" to have overtaken the US as the world's largest trader. It would topple the position that the US has held for much of the last century and cross another milestone in rivalling...
January 9, 2014 Bangladesh election unrest squeezes key garment sectorSource: Reuters
On the outskirts of Dhaka, Babylon Garments has shortened work shifts to eight hours from the usual 10 and plans to shutter production lines as months of election-related violence disrupts transport and prompts global retailers...
January 7, 2014 Two Gauges Point to Slow Economic GrowthSource: NY Times
Two measures of activity in the services sector showed slower growth in December, pointing to an American economy that continues to expand at a modest pace, while factory orders rose in November.
January 6, 2014 European Markets Fall After China Data
RTT News - The Euro îStoxxî 50 index of eurozone bluechip stocks is adding 0.13 percent, while the îStoxxî Europe 50 index, which includes some major U.K. companies, is losing 0.27 percent. The German DAX,...
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