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Who's afraid of cheap oil?
ALONG with bank runs and market crashes, oil shocks have rare power to set monsters loose. Starting with the Arab oil embargo of 1973, people have learnt that sudden surges in the price of oil cause...
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Call Centres - The End of the Line
WHETHER in Nairobi or Albuquerque, a shopping centre is not really a shopping centre unless it has at least two anchor tenants. These can be department stores, cinemas or bookshops—anything that will...
View ArticleThe art of living car-lessly in the city
I first realised that owning a car in a city is slightly demented when a friend in Manhattan lent me her Upper West Side apartment for a month. When I arrived, I discovered the catch to her seeming...
View ArticleShipowners in financial distress as dry bulk crisis deepens
Record low prices for transporting coal, iron ore and other dry bulk commodities by sea have pushed shipping companies into severe financial distress.The suspension of payments to creditors and big...
View ArticleFlurry of innovation prompts easier access to funding
Even by the hyperbolic standards of Silicon Valley, the declaration by Stewart Butterfield, founder of the messaging software business Slack, stood out.“This is the best time to raise money ever,” he...
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Riksbank cuts rates deeper into negative territory
Sweden’s central bank moved its interest rates deeper into negative territory with an unexpectedly large cut, intensifying fears that global policymakers are being forced to take more extreme action to...
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