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Trade finance in DIFC surges

  DUBAI / WAM The Dubai Financial Services Authority (DFSA) published a Trade Finance Report detailing key findings of a review of trade finance activities carried out in and from Dubai International Financial Centre (DIFC). The review assessed the quality of systems and controls, in particular measures to mitigate trade-based money laundering risks, at banks and other financial service providers ...

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How economists can stay relevant under Trump

  Economists are going to have to approach things a bit differently if they want to stay relevant in the Trump age. Political economy research is going to become more important. Some humility wouldn’t hurt. And they should look someplace other than the federal government to test their ideas. This is what I took away from this past weekend’s American ...

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Believing in India’s solar mission takes a leap of faith

  The sun’s energy is free, but the capital required to harness it must earn a fair return. Try telling that to the gung-ho bidders for India’s utility-scale solar power projects. Auction prices will fall below 4 rupees (6 U.S. cents) per kilowatt-hour this year, Bloomberg News reports. The record low 2016 bid was 4.34 rupees. A 60 percent drop ...

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