Blog: Capitalism does not self correct towards equality, says Bill Gates
Oct 27, 2015 - (LBO) - Bill Gates, in a recent blog, reviewing Thomas Piketty’s book Capital in the Twenty-First Century, says capitalism does not self …
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Alibaba founder Jack Ma appointed business adviser to David Cameron
Oct 20, 2015 (LBO) – China’s business tycoon Alibaba founder Jack Ma, has been appointed as the adviser to British Prime Minister David Cameron, Cameron's …
China slowdown, foreign funding risks intensify for APAC economies: Fitch
Oct 19, 2015 (LBO) - Macroeconomic risks to the Asia-Pacific (APAC) region have intensified with Fed tightening cycle and a protracted China slowdown, Fitch …
A new Snowden leaks Obama’s drone assassination program
Oct 16, 2015 (LBO) – Amnesty International has called the US Congress to hold an immediate independent inquiry into the Obama administration’s drone …
US budget deficit drops to 2.5-pct in 2015; lowest since 2007
Oct 16, 2015 (LBO) – The United States Treasury Department on Thursday said country’s budget deficit has dropped to 2. online pharmacy buy cipro with best …
US economic expansion modest in past two months: Federal Reserve
Oct 15, 2015 (LBO) – The United States experienced a continued modest expansion in the past two months, releasing its district report yesterday, the US …
World Bank says youth unemployment needs urgent global action
Oct 14, 2015 (LBO) – World Bank says reversing the youth employment crisis is a pressing global priority and the socio-economic cost of inaction is high. …
Angus Deaton wins Nobel prize for consumption, welfare economics
Oct 13, 2015 (LBO) - The prize in economic sciences in memory of Alfred Nobel for 2015 has been awarded to Angus Deaton of Princeton University for his …
Gold prices hit seven week high with USD at near 3-week low
Oct 12, 2015 (LBO) - Gold prices rose to a seven-week high on Monday with expectations that the Federal Reserve will postpone an expected U.S. interest rate …
Global economy going through period of change: IMF
Oct 12, 2015 (LBO) - The global economy is going through a period of change, the International Monetary Fund's Managing Director Christine Lagarde said during …
China launches international payment system
Oct 08, 2015 (LBO) – China's central bank on Thursday launched the first phase of the China International Payment System in a bid to open their currency to …
China Forex reserves posts record quarterly drop
Oct 07, 2015 (LBO) – China's foreign exchange reserves has posted a record drop in September quarter after its central bank intervened into the market to …
Volkswagen to start emission scandal recalls in Jan
Oct 07, 2015 (LBO) - German auto manufacturer Volkswagen says they will start to recall cars affected by its emissions scandal in January, foreign media …
US 2017 Green Card lottery begins
Oct 02, 2015 (LBO) – 2017 Diversity Immigrant Visa Lottery Program also known as the “Green Card” lottery has been opened for on-line registration from …
UN resolution on Sri Lanka adopted unanimously
Oct 02, 2015 (LBO) - The UN Human Rights Council resolution on Sri Lanka was adopted unanimously with it calling for a judicial process including …
India cuts key interest rate to bolster economy
Sept 29, 2015 (LBO) - India’s central bank reduced its policy interest rates by a larger-than-expected amount to support the economy amid China's slowdown, …
No change in Australia’s policy against maritime people smuggling
Sep 28, 2015 (LBO) – Australian new government reaffirms that it committed to protect its borders and will continue to stop anyone who attempts to come …
Japan’s move away from pacifism closely watched by region
Sept 28, 2015 (LBO) - Japan's move away from pacifism under Prime Minister Shinzo Abe will have regional repercussions, as the country looks towards an …
700 pilgrims killed in worst Haj tragedy in 25 years
Sept 25, 2015 (LBO) - More than 700 pilgrims have died in a crush outside the Muslim holy city of Mecca, with a further 800 people injured, media reports said. …
Developing Asia’s Growth Outlook Pressured by China, India Moderation – ADB
Sep 22, 2015 (LBO) – Developing Asia’s growth projection for 2015 is to be pressurized due to softer growth prospects of China and India and a slow …