Category Archives: Business

Tackling Pakistan’s pathetic economy: Is Imran Khan up to the task?

Almost two months after Imran Khan took office as Pakistan’s PM, reality is knocking hard on the doors of his government. Wracked by a raft of financial challenges, the country has become an economic basket case. Continue reading

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The increasingly acquired taste of Moldovan wine

Moldova is Europe’s poorest nation with per capita income half that of Albania. Yet since the tiny ex-Soviet state stood up to Russian bullying, it has become something of a superpower — in the wine industry. Continue reading

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India’s currency tumbles amid rising oil prices

The Indian rupee has turned out to be Asia’s worst-performing currency this year as the nation’s economy struggles with rising oil prices, a widening current account deficit and broader emerging market concerns. Continue reading

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Iran’s sukuk plans expose regime split as sanction fears heighten

As sanctions fears kick in, Tehran has unveiled plans to roll out new Islamic financial products to boost funding for domestic firms. But Iran is split on whether international or domestic financing is the way to go. Continue reading

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Germany urges SWIFT end to US payments dominance

Germany’s foreign minister has reiterated calls for the EU to free itself from dependence on the US and adopting its own international payments channel is one way of doing that. But is he barking up the wrong money tree? Continue reading

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Tesla deal: Elon Musk’s U-turn won’t resolve legal woes

The Tesla boss has abruptly pulled the plug on taking the electric-car maker private. The stunning turnaround may not be enough to ward off US regulators and pacify angry investors. Continue reading

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Turkey crisis: German government, business leaders dismiss talk of aid

Germany is not planning financial aid to help Turkey deal with its currency crisis, the Berlin government says. Opportunities may arise to buy indebted Turkish firms, but for now German business leaders are indifferent. Continue reading

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EU-Africa free trade will create more imbalances, say critics

Germany’s development minister has sparked a debate by calling for EU tariffs to be waived on African goods. Critics question whether import duties are really the issue, or are there other barriers to trade? Continue reading

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ECB pulls plug on eurozone stimulus – What does it mean?

The European Central Bank wants to end its €2.4 trillion bond-buying program at the end of 2018, calling time on a policy that is credited with reviving the eurozone but may come too soon for some debt-laden countries. Continue reading

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Which eurozone members face cold turkey if ECB ends stimulus?

The ECB’s €2.55 trillion QE program is set to start winding down, with president Draghi likely to signal on Thursday how he intends to turn off the life-support system for the eurozone. So who’ll sink and who’ll swim? Continue reading

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