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Egypt is heading towards a major economic crisis, as the political deadlock and violence prevent from reforming the country's neglected main industries, says the BBC's Jon Leyne in Cairo.
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Europe entered the year with an acute emergency in the periphery of the eurozone, the European Union's elite 17-member club that shares a common currency. Misdiagnoses and inadequate policy responses allowed the contamination to travel sequentially from the outer reaches of the zone (Greece, Ireland, and Portugal) toward its inner core.
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The government of India’s decision to roll back legislation that would allow FDI in multi-brand retail is ill-advised. However, in the grand scheme of things it is but a hiatus that at worst merely derails the momentum of reforms.
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Turkey's foreign minister said that Turkey would announce sanctions against Syria after they have been discussed with Prime Minister Recep Tayyip Erdogan, who is recovering from an operation.
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BEIRUT — Turkey said Tuesday it will consider using Iraq as an alternative transit route for trade with the Middle East, cutting out Syria entirely as Damascus faces broad economic sanctions over its deadly crackdown on an 8-month-old uprising.
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Palestinian PM Salam Fayyad says he will be unable to pay the salaries of tens of thousands of civil servants due to Israel's withholding of tax revenues it collects on behalf of PA.
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President Bashar al-Assad is paying Syrians, via subsidies and higher government salaries, to stay loyal to his government as it clamps down on an eight-month uprising. He may not be able to afford that policy for long.
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Money has been streaming out of Syria as fears for the unstable economy lead Syrians to seek a safer place for their assets, according to members of the country’s business community.
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The new unity government's main task will be to pass the European rescue package.
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The false obsession with a single currency by Eurozone leaders places the welfare of Greek people and their democracy at great peril..
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Leaders of Nigeria's MEND rebel group – and other militia commanders in the oil-rich Niger Delta – say they're ready to launch fresh attacks after two years of relative quiet following a 2009 amnesty.
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Iman Mathlothy says she voted for Tunisia’s Islamist party, Ennahdha, because it promised to create jobs and end corruption.
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Several Arab regimes have sought to quell popular protest by providing a combination of cash, subsidies, guaranteed jobs, and free goods and services. Such largesse betrays a fundamental misunderstanding of the causes of today’s discontent, because it assumes that these causes are purely material.
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Icelanders have quietly carried out a revolution by toppling a weak government, drafting a new constitution and seeking to jail those responsible for the country's economic debacle.
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In a large industrial center, everyone from olive vendors to owners of large textile conglomerates says the shifting geopolitics are proving bad for business.
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The BBC's Jim Muir looks at how Syria's neighbours are reacting to the crisis and how the various outcomes might affect them.
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Despite three decades of rapid growth, China has many economic problems of its own to sort out before helping the rest of the world, writes the BBC's Michael Bristow.
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The foreign minister of Syria hinted at retaliation for the steps taken by the Arab League to punish Syria over its repression of the political uprising there.
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Greece’s youth is facing staggering unemployment rates—and little prospect for their future. Nick Malkoutzis wonders what their future may hold.
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Syria has stopped paying for oil produced within the country by Royal Dutch Shell and Total, highlighting the economic tensions affecting Bashar al-Assad’s regime after months of pro-democracy protests.
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Nov 7 (Reuters) - A top U.S. Treasury official will travel to Jordan and Lebanon to meet with officials to discuss the impact of economic sanctions against Syria, the Treasury Department said on Monday.
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Two young Indians see what it is like to live on 32 rupees, or 65 US cents, a day - the Indian Planning Commission's recently recommended poverty line.
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There are warnings that a 'no' vote in the Greek referendum could lead to an economic crisis on a global scale.
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Pavlovo village was once a quiet backwater in the forest-steppe of Perm Region. In 1997, however, ecological disaster struck, with oil and chemicals entering the local river and food chain. The culprits of the catastrophe were both rich and obvious, but justice was a long while in coming, writes Roman Yushkov
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Mufid’s (second name withheld) small manufacturing business in a poor neighbourhood on the edge of Aleppo, Syria’s commercial capital, used to run on trust because he would receive goods and pay later - a system of trading that locals call...
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