Category: World
‘s yuan as reserve currency
Nov 30, 2015 (LBO) – The International Monetary Fund may soon label China’s yuan as a reserve currency that could pressure China to reform currency management and improve communication with the rest of the world.The IMF is expected to say that next year it will add the yuan to the basket of currencies that comprise […]
Security tightened in major European cities
Nov 20, 2015 (LBO) – Security has been tightened in major cities in Europe with police in Italy and Sweden looking for suspected militants and increasing security around public buildings, media reports said.Swedish police arrested a man suspected of planning an attack, while Italy’s foreign minister said St.Peter’s Basilica in Rome or the cathedral or […]
Sri Lanka on UNESCO executive board
Nov 16, 2015 (LBO) – Sri Lanka has been elected to the executive board of the United Nations Educational Scientific and Cultural Organisation (UNESCO) during the 38th General Conference in Paris, the foreign ministry said. “Sri Lanka was one of six countries that qualified to serve on the Executive Board from the Asia and Pacific Group […]
At least 127 people killed in Paris shootings, blasts
Nov 14, 2015 (LBO) – At least 127 people have been killed in gunfire and blasts including a possible suicide bombing in Paris, officials said. Terrorists armed with AK-47s and some reportedly with bombs strapped to them attacked locations throughout the French capital and at a stadium where a soccer match was being played. Five […]
Saudi Arabia to go to global bond market for first time
Nov 12, 2015 (LBO) – Saudi Arabia will go to international bond markets for the first time next year due to low oil prices cramping government revenues, a media report said. Debt levels could increase to as much as 50 percent of GDP in five years from 6.75 percent this year with this borrowing programme, […]
” Day
Nov 11, 2015 (LBO) – Alibaba, the world’s largest online shopping website has made a record 3.9 billion dollars in sales in the first hour of Singles’ Day in China, foreign media reports said. Alibaba reported that shoppers spent about one billion US dollars in the first eight minutes and had clocked five billion after […]
Suu Kyi set to win majority in Myanmar election
Nov 11, 2015 (LBO) – Aung San Suu Kyi’s opposition is set to win a majority in Myanmar’s first free election in decades, although it is unclear if the party will secure the required two-thirds to appoint the next president by itself, media reports said.Suu Kyi’s National League for Democracy (NLD) is expected to secure […]
Over 60 pct of World Economies Improved Business Rules: WB
Oct 28, 2015 (LBO) – Developing economies quickened the pace of their business reforms during the last 12 months to make it easier for local businesses to start and operate, says the World Bank Group’s annual ease of doing business measurement. “A modern economy cannot function without regulation and, at the same time, it can […]
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 correct towards equality — a review that sounds remarkably socialist in orientation. He agrees with Piketty that: 1) High levels of inequality are a problem—messing up economic incentives, tilting […]
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 spokeswoman said. “Ma will provide particular help and advice on how to get small- and medium-sized British businesses boosting their exports and in particular accessing Chinese markets through platforms like […]
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 ratings said in a statement. “A sharper-than-expected slowdown in China’s economy is likely to have broad-based negative implications for global and regional issuers,” the latest edition of Fitch Ratings APAC Risk Radar […]
‘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 strikes overseas following a series of leaks disclosing long-standing secrets of the global killing programme.“The Drone Papers,” leaked by an anonymous whistle-blower to the online media outlet The Intercept, reveal the startling […]