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Trial run of Haramain Railway next year

Trial run of Haramain Railway next year JEDDAH: P.K. ABDUL GHAFOUR Published — Monday 24 November 2014 Experimental operation of the 480-km Haramain Railway that links the two holy cities…

G20 summit: Leaders pledge to grow their economies by 2.1%

BBC News: Australian Prime Minister Tony Abbott has closed the G20 summit by detailing economic pledges agreed by world leaders. The leaders agreed to boost their economies by at least…

China’s economic risks ‘not scary’ – President Xi Jinping

BBC News: The risks facing China’s economy are not “scary”, President Xi Jinping has told global business leaders. In a speech to chief executives ahead of the Asia Pacific Economic…

MONEY LOGGING – Rooting out corruption in the forests of Borneo

By Thomas Stephens SWISSINFO.CH NOV 5, 2014 – 17:00 Corruption is the driving force behind the destruction of the Malaysian rainforests and the displacement of indigenous people, according to a…

A pump war?

by Thomas Friedman The New York Times Is it just my imagination or is there a global oil war underway pitting the United States and Saudi Arabia on one side…

United Biscuits sold to Turkey’s Yildiz for £2bn

The UK company behind the McVitie’s, Jaffa Cakes and Penguin brands has been bought by Turkish food group Yildiz Holdings for a reported £2bn. United Biscuits (UB) was put up…

US grows at annual rate of 3.5% in third quarter

The US economy grew at an annual rate of 3.5% in the July-September quarter, the Commerce Department has said. That was better than the 3% pace that economists had been expecting…

Rediscover ‘Islamic principles’ to overcome economic challenges [Khaleej Times, Dubai, United Arab Emirates :: ]

Dubai: Muslim countries need to concentrate on efforts to rediscover Islamic principles and promote regional cooperation in order to successfully overcome economic challenges. This was stated by Malaysian Minister of…

GLOBAL FOOD CRISIS : WASHINGTON POST

THIS post and National Geography and several news releases including a FEMA effort to solicit cost and delivery of dried food from its supplies in unprecedented manner are clear alarms…

Loan Sharks and Financial Terrorism: The Wonga Payday Lending Experiment

By Binoy Kampmark Global Research, October 19, 2014 This business has been too focused on growth and cared more about the loan outcome than the customer outcome. Andy Haste, Wonga…

Africa: Worsening Climate Change Could Affect the Economy

allAfrica.com: The devastating effects of climate change are already being felt across the planet, including in Africa. The 2011 drought-induced famine in the Horn of Africa affected more than 10…

Africa: China Slump to Be Bigger Than Expected, Threatening Millions in Africa

allafrica.com: China’s economy faces a slowdown in Gross Domestic Product (GDP) to between 2.4% and 5% next year, well below the current 7% IMF estimate, unless the government takes more…

Hong Kong unrest may shake world economy

USA Today: The protests in Hong Kong are not yet sparking fears that the region will become the next trouble spot for the global economy, but such concerns will grow…

China’s Xi Jinping signs landmark deals on India visit

Source: BBC India and China have signed 12 agreements in Delhi, one of which will see China investing $20bn (£12.2bn) in India’s infrastructure over five years. At a news conference…

Ebola could wreck W Africa economies, warns World Bank

BBC News: The Ebola outbreak could have a catastrophic impact on the economies of Guinea, Liberia and Sierra Leone, the World Bank says. The organisation says the economic impact of…

Islamic finance: Searching for Sukuk

African governments are looking to sharia-compliant financial markets to attract investment from the Middle East. The trend is just gathering strength, and experts expect more funds to flow into infrastructure…

China will overtake America to become world’s biggest economy within a decade

Source: Mail online China will overtake America to become the world’s biggest economy in just 10 years, according to a report. The U.S. has been the world’s economic leader for…

Corruption ‘impoverishes and kills millions’

An estimated $1tn (£600bn) a year is being taken out of poor countries and millions of lives are lost because of corruption, according to campaigners. A report by the US-based…

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