"In a starkly downbeat assessment, British Prime Minister David Cameron has written that the world’s economy could be headed for another fall." Source: British Prime Minister David Cameron says ‘red …
Japan’s economy tips back into recession, in another blow for Abe
"Japan has officially tipped back into recession, with new figures Monday showing that the world’s third-largest economy shrank for the second quarter in a row as consumers kept their yen in their …
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India is the world’s largest arms importer. It aims to be a big weapons dealer, too
"For more than a decade, India shopped around the world in search of a deal for more than $1 billion worth of helicopters to replace about 200 of its military’s aging light-utility aircraft." Source: …
Beijing police bust ‘underground banks’ that funneled $23 billion overseas
"Beijing police have shut down more than 10 'underground banks' responsible for illegally funneling more than $22.6 billion out of China, the official Xinhua news agency reported on Friday." Source: …
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Greek Economy Grows for First Time in Six Years
"Greece’s crisis-stricken economy has returned to growth following six years of recession, official data showed Friday, marking an end to one of the steepest and longest economic contractions in …
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No Blacklist Yet for Islamic State Banks
"In June, the Islamic State of Iraq and al-Sham (ISIS) militants inspired fear and awe when they swept into Iraq's second-biggest city, Mosul, and reports spread that they looted the city's banks and …
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U.S., China Reach Deal to Drop Tariffs on Range of Tech Products
"The U.S. and China reached an agreement to drop tariffs on a wide range of technology products, in a deal that its backers say could cover $1 trillion in trade and that marks a significant …
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China Opens Doors to Foreign Investment in Stocks
"One of the world’s biggest stock markets, Shanghai, will open up to foreign investors next week and grant access to shares of hundreds of Chinese companies that stand to benefit from Beijing’s …
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Iraq Plagued by Budget Crisis Amid Menace of Islamic State
"Another crisis is percolating in Iraq beneath the onslaught of Islamic State militants: a shrinking economy and a widening fiscal deficit that politicians and analysts worry will further undermine …
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India’s Modi vows to bring back ‘black money’
"India's Prime Minister Narendra Modi said on Sunday he was committed to bring back funds illegally deposited in banks outside the country to avoid tax, widely referred to as 'black money'." Source: …
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