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New currency peg no panacea for Iceland

  Iceland has provided a fascinating case study for economists. Now that it has impressively battled to restore economic and financial well-being, Finance Minister Benedikt Johannesson appears to be toying with a new experiment for the krona, the country’s currency. His thinking is being driven by the recent volatility of the exchange rate. But it also is informed by a ...

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When marketing in one country backfires abroad

  Last week, Apple launched RED, a special-edition iPhone. An undisclosed portion of sales of the phone will support The Global Fund to Fight AIDS. But the product is strangely missing from the Chinese version of Apple’s website, which promotes a red phone but has no mention of the disease. Apple didn’t respond to my question about why that’s the ...

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US begins crackdown on visa program in tech sector

  Bloomberg The US administration began to deliver on President Donald Trump’s campaign promise to crack down on a work visa program that channels thousands of skilled overseas workers to companies across the technology industry. Fed up with a program it says favours foreign workers at the expense of Americans, the Trump administration rolled out a trio of policy shifts. ...

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