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China's gamble on IT isolation

China's Internet branch is booming. Meanwhile, though, online censorship is increasing, and foreign chat apps are being blocked. Critics say that poses risks for China's economy as a whole. more >>
 

Secular stagnation: Fad or fact?

ADVANCED countries have struggled to make up the ground that they lost in the “great recession” that followed the financial crisis of 2007-08. America and Germany were relatively quick to regain lost ground but Britain has only just surpassed its pre-crisis GDP peak. And despite the support from ... more >>
 

Alibaba film unit uncovers accounting irregularities

Possible accounting irregularities have driven a Chinese film production company owned by Alibaba Group to suspend trading of its stock. The revelations came as Alibaba is gearing up for its IPO in the United States. more >>
 

Hungarian PM: EU sanctions more damaging to the West

Hungarian Prime Minister Viktor Orban believes the sanctions on Russia are more harmful to the West, saying the policy is like 'shooting oneself in the foot.' He urges the EU to rethink the measures. more >>
 

European economy guide: Taking Europe’s pulse

Our interactive overview of European GDP, debt and jobs Europe’s economies CurrencyEconomyGDP per personUnemploymentYouth unemploymentDebtPublic debtBudget balancePrimary balanceGrowthLatest GDP change2014 GDP forecast2015 GDP forecast ... more >>
 

Panama Canal helped 'a new nation alight'

One hundred years after its opening, the Panama Canal has transformed from a United States military project into a symbol of Panama's economic rise. more >>
 

Ebay weighs accepting bitcoins as payment unit

The online auction house Ebay has been in talks to offer bitcoins as an alternative to credit card payments. The move would be a huge endorsement for the crypto-currency. more >>
 

UK economy outshines all eurozone nations except Latvia

The British economy has grown faster than the gross domestic products of the vast majority of eurozone nations. The national statistics office reported a pace of expansion not seen in over six years. more >>
 

Samsung to buy US' SmartThings for controlling household appliances

South Korean consumer electronics giant Samsung has said it will buy US start-up SmartThings. It said that with the move, the company could expand beyond the saturated mobile phone market. more >>
 

Panama Canal turns 100, celebrations marred by doubts

The 100th anniversary of the Panama Canal's opening has exposed doubts among economists over the nation's ability to fully profit from an expansion of the waterway. Competitors have long thrown down the gauntlet. more >>
 

Karstadt to be sold to Austria's Signa Group

The loss-making department store chain Karstadt will be sold to an Austrian investor, according to media reports. The current owner, Nicolas Berggruen, is relinquishing his entire stake in the struggling company. more >>
 

Department store chain Karstadt goes to Austria's Signa Group

The loss-making department store chain Karstadt is to be taken over completely by an Austrian investor. The current owner, Nicolas Berggruen, is relinquishing his entire stake in the struggling company. more >>
 

Department store chain Karstadt faces severe changes

The loss-making department store chain Karstadt will have to undergo deep restructuring after an Austrian investor's takeover offensive. A blueprint for the overhaul is expected later this week. more >>
 

German foreign trade chambers present gloomier export outlook

Germany's umbrella organization for its chambers of commerce has warned exports this year will not expand as strongly as predicted in the beginning of the year, citing geopolitical crises weighing on trade. more >>
 

Russia’s Rosneft pleads for debt relief amid Western sanctions

The world's largest-listed oil producer, Russia's Rosneft, has asked Moscow to help cover its enormous debt. It suggested tapping funds originally earmarked for Russian pensions. more >>
 

Borussia Dortmund profits plummet in 2013/2014 season

German soccer team Borussia Dortmund has seen its profits plummet over last year, when it sold two players and advanced to the German final. This time around, fewer sales and an early elimination dragged down profits. more >>
 

Business this week

UK Only Article:  standard article Issue:  Back to Iraq Main image:  20140816_WWC524.png The euro-zone economy recorded ... more >>
 

Buttonwood: Caught out

UK Only Article:  standard article Issue:  Back to Iraq Fly Title:  Buttonwood Rubric:  ... more >>
 

Migration into Europe: A surge from the sea

UK Only Article:  standard article Issue:  Back to Iraq Fly Title:  Migration into Europe Rubric:  ... more >>
 

Eurozone growth at zero as Germany slumps, France stagnates

Hopes for economic recovery in the eurozone were dashed as France's economy stalled and Germany's shrunk in the second quarter. Analysts believe a rebound is unlikely amid Russian sanctions. more >>
 
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