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BRICS Nations Agree to Create Own Development Bank
SILVIO IZQUIERDO, Associated Press FORTALEZA, Brazil (AP) — The leaders of five emerging market powers said at a summit Tuesday that they gave final agreement to creating their own development bank...
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Are BRICS Trying to ‘Shield’ Their Corrupt Public Institutions with the New...
(DNA India) – The idea of the BRICS Bank was to end the subordination to the Western institutions and economic thought that was being propagated by the likes of the World Bank and the International...
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S&P: Wealth Gap is Slowing US Economic Growth
JOSH BOAK, AP Economics Writer WASHINGTON (AP) — Economists have long argued that a rising wealth gap has complicated the U.S. rebound from the Great Recession. Now, an analysis by the rating agency...
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IMF’s Lagarde Says Women Vital for Global Recovery
ELAINE KURTENBACH, AP Business Writer TOKYO (AP) — Empowerment of women and equal opportunities are crucial for driving a stronger global economic recovery, and for revitalizing Japan, the head of the...
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Researchers: IMF Policies Hindered Ebola Response
MICHELLE FAUL, Associated Press YORK, England (AP) — Professors from three leading British universities say International Monetary Fund policies favoring international debt repayment over social...
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Business Leaders Warned About ‘Staggering’ Global Wealth Gap
(The Globe and Mall) – Business leaders and politicians land in the posh Alpine town of Davos, Switzerland, this week where global inequality and what to do about it will dominate discussions. They...
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Oxfam: Richest 1 Percent Sees Share of Global Wealth Jump
DANICA KIRKA, Associated Press LONDON (AP) — The richest 1 percent of the population will own more than half the world’s wealth by 2016, Oxfam International said in a report released as the World...
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Debt Balloons Off the Charts in Ghana, Angering Critics
Special to the NNPA from the Global Information Network (GIN) – The steady nation of Ghana could be heading for a painful train wreck as government borrowing raises the foreign debt to sky-high levels....
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These Will Be the World’s 20 Largest Economies in 2030
(Bloomberg) – Get ready for a new economic order. In the world 15 years from now, the U.S. will be far less dominant, several emerging markets will catapult into prominence, and some of the largest...
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Accused of Pimping, Strauss-Kahn Faces French Trial Verdict
PARIS (AP) — Former International Monetary Fund chief Dominique Strauss-Kahn told a French court that he participated in sex parties reminiscent of orgies in antiquity because he needed “recreational...
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