“The Bank of England’s monthly inflation report released today said inflation is expected to fall down below the bank’s target of 2% over the next two years. However, the report added that inflation risks have recently risen over the short term as political instability in Europe threatens the single currency’s future.” (Source: BoE Cites Increased [...]
” Even as emerging market growth slows, China and Brazil still expect the kind of growth that makes American and European policymakers salivate. Yet these superpowers haven’t yet formed healthy, mutually beneficial economic alliances. The push-pull between the two illustrates the challenges both countries have as they try to amass global scale.” Source: Tricky allegiances [...]
“The Obama administration is piling new sanctions on Iranian and Syrian intelligence agencies and communications firms to pressure entities that use information technology to commit human rights abuses.” Source: US slaps new sanctions on Iranian Syrian intelligence agencies, firms – The Washington Post
“A sharp fall in oil prices would be a relief for much of the world, but for Nigeria it could spell big trouble. “There will be a very bad day and a lot of gnashing of teeth if the oil price crashes and we haven’t saved a thing,” Nigeria’s central bank governor, Lamido Sanusi, said.” [...]
“China on Sunday set up a rare earth industry association, state media reported, in a move to speed up consolidation of its sprawling industry that has drawn fire for what overseas trade partners call unfair export quotas.” (Source: China sets up rare earth body to shake up industry | Reuters.)