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Amid protests, EU promises relief for crisis-hit farmers

Brussels / AFP The EU said on Monday it was looking for support from the European Investment Bank at crisis talks in Brussels aimed at helping dairy and other farmers hit hard by plunging prices. Around 100 farmers protested as agriculture ministers gathered just six months after Brussels announced a €500-million emergency package to tackle a crisis partly blamed on ...

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Bond traders can’t sleep as Fed policy becomes a foreign affair

Bloomberg Even in the mighty U.S. Treasury market, bond traders are taking their cues from central bankers in Europe and Japan. With Mario Draghi and Haruhiko Kuroda pressing ahead with their grand monetary experiments, negative yields in Germany and Japan are exerting greater and greater influence over U.S. Treasuries. Overnight trading of Treasury futures has exploded, reaching levels not seen ...

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Protest, graft can’t deter Brazil mall operator’s growth

Bloomberg Gazit-Globe Ltd., which manages commercial real estate worth about $21 billion in more than 20 countries, is extending its Brazilian business even as the country suffers the worst recession in over a century and the streets swell with protesters clamoring for mass political change. The company will invest $1 billion this year to expand existing shopping centers in Sao ...

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Argentina completing law to boost consumption of clean energy

Bloomberg Argentina is poised to approve the final details of a new law designed to give a boost to renewable energy as President Mauricio Macri steps up his efforts to fight climate change. The law will impose fines on large users of electricity that don’t get at least 8 percent of their power from renewable sources, starting in 2018, according ...

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Chile’s inflation rate falls in Feb as economy weakens

Bloomberg Chile’s inflation rate fell for the first time in three months in February after the economy expanded at the slowest pace in almost six years. Consumer prices rose 4.7 percent from the year earlier, the National Institute of Statistics said in a report on its website, compared with 4.8 percent the month before. The median estimate of 19 analysts ...

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Ignored for years, a radical economic theory is gaining converts

Bloomberg In an American election season that’s turned into a bonfire of the orthodoxies, one taboo survives pretty much intact: Deficits are dangerous. A school of dissident economists wants to toss that one onto the flames, too. It’s a propitious time to make the case, and not just in the U.S. Whether it’s negative interest rates, or helicopter money that ...

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Turkey pounds Kurdish camps in Iraq after Ankara bombing

Ankara / AFP Turkish warplanes pounded Kurdish rebel bases in northern Iraq on Monday, the day after a suicide car bomb tore through downtown Ankara killing at least 36 people, the third attack on the capital in five months. There was no immediate claim of responsibility for the latest carnage, which reduced cars and buses to charred hulks on a ...

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1 in 3 Syrian children know nothing but war: UNICEF

Amman / AFP One in three Syrian children have known nothing but a lifetime of war, UNICEF said on Monday, as the country’s conflict enters its sixth year this week. Forced from their homes and schools, orphaned by violence and drafted into work or fighting, a generation of Syria’s children is being shaped by the conflict, UNICEF said in a ...

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Syria aid deliveries postponed over violence

Beirut / AFP Aid groups were unable to deliver much-needed food packages to four besieged towns in war-torn Syria on Monday, the International Committee of the Red Cross told AFP, citing security problems. Since an unprecedented ceasefire came into force on February 27, aid deliveries have reached thousands of people in areas blockaded by regime and opposition forces. Under an ...

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