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Global oil glut sends prices plunging to 5-year low

Oil prices have hit a 5-yr low after the International Energy Agency (IEA) predicted a sharp drop in global oil consumption, cutting its forecast for global demand growth by about 22 percent. The Paris-based energy watchdog cut its forecast for world oil demand this year by 250,000 barrels a day, …

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Eurozone inflation slumps to 5yr low risking triple-dip recession

Inflation in the 18-member eurozone has dropped precipitously low to 0.3 percent, the lowest since 2009. The European Central Bank missed its 2 percent inflation goal for the 20th straight month. Consumer prices rose 0.3 percent last month, compared to 1.1 percent in September 2013. Monthly inflation in August 2014 …

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Talent Top Challenge As Digital And Tech Drive Growth

The ability to attract top talent is now the biggest concern for public relations agency leaders around the world, according to a survey conducted by The Holmes Report and the International Communications Consultancies Organisation (ICCO) as part of the World PR Report. The findings come after the World PR Report yesterday …

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Banks and investors awaken to Catalan independence debate

The surge in political tensions between Spain and its Catalonia region has fuelled furious debate among the country’s political class. Now a new crowd is joining the conversation: bankers and financial analysts are asking if the conflict should be a cause for investor concern. The answer is far from clear-cut. Most believe …

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Victim of shale revolution, Nigeria stops exporting oil to US

Nigeria has become the first country to completely stop selling oil to the US due to the impact of the shale revolution – an astounding reversal as the African nation was only four years ago one of the top-5 oil suppliers to America. According to the US Department of Energy, …

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The Brics bank is a feeble strike against dollar hegemony

If the club is to improve on Bretton Woods it will have to do better than this, writes Benn Steil The new financial institutions announced by the Brics nations in July – a development bank and an arrangement to share currency reserves – have been compared by many observers to the World …

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France to adopt plain tobacco packaging and restrict ecigarettes

France said on Thursday that it planned to introduce some of the world’s toughest antismoking legislation, forcing tobacco companies to adopt neutral packaging and restricting the use of electronic cigarettes. The country that gave the world Gauloises – as well as glamorous celebrity smokers such as Serge Gainsbourg and Brigitte Bardot – …

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Germany expresses concerns about US and Canada trade deals

Germany has put new barriers in the way of the EU’s proposed trade deals with Canada and the US by declaring outright opposition to controversial investor protection rules. Sigmar Gabriel, the economy minister, told the Bundestag on Thursday that he would block the planned investor-state dispute settlement (ISDS) clauses which …

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Richard Branson tells staff: take as much holiday as you like

Sir Richard Branson, the billionaire founder of Virgin Group, has told 170 staff working for its head office that they can take as much annual leave as they like, providing it will not damage the business. “Flexible working has revolutionised how, where and when we all do our jobs,” Sir …

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