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Chinese Think-Tank Calls For End To One-Child Policy
China’s government must adjust its one-child policy “as soon as possible” so as to deal with an aging population and a possible labour shortage, said a group of researchers...
Too-Big-To-Fail Banks Offer Winding-Up Plans To Regulators
Federal regulators in the U.S. have revealed the “living wills” of nine of the world’s largest banks, reported Reuters on Tuesday, with the “wills” detailing exactly how the government...
France Turns to Budget Cuts to Meet Deficit Targets
France’s national audit office has warned that the French economy must cut up to 43 billion euros in spending this year in order to meet its deficit targets. The...
Is Iran About to Block the “World’s Most Important Oil Chokepoint”?
As the European Union embargo against Iranian crude came into full effect on Sunday, a defiant Tehran has responded by introducing a draft bill that would block oil tankers...
Chinese Fishermen Turn To US Courts For Compensation From ConocoPhillips
Fed up by the bureaucracy in their own country, a group of 30 fishermen from north-eastern China have now filed a lawsuit against ConocoPhillips in a U.S.-based federal court,...
GlaxoSmithKline Fined $3 Billion For Healthcare Fraud
British drugmaker GlaxoSmithKline has agreed to pay $3 billion in fines to the U.S. Justice Department for misrepresenting drugs to consumers, reported Reuters on Monday, in what is believed...
Egypt Receives $1bn Energy and Food Loan
Cash-strapped Egypt has signed a $1 billion deal with the Saudi-based Islamic Development Bank to finance its energy and food imports. Egypt’s economy has been hit by last year’s...
Key Economic News to Watch this Week: July 2
The European Union seems to be a step closer to resolving its 30-month long crisis after its leaders agreed on plans to stabilise the region’s troubled banks. However, markets...
IMF Rejects Israel’s $1 Billion Loan Request For Palestinian Authority
The International Monetary Fund (IMF) has turned down an appeal from Israel for $1 billion in bridge loan funding to the Palestinian Authority (PA) government, reported the Times of...
UK Contemplates Lifetime Bans For Directors At Failed Banks
Bank chiefs found responsible for the collapse of their financial institutions should not be “allowed back into the industry again,” said the chairman of the U.K. Financial Services Authority...


