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China finally boosts prices, only too well

  By December 2015, China had endured four years of declining producer prices. Coal was down 38 percent on the year, and steel down 31 percent. That month, the Communist Party hit on a new plan for reversing this dynamic. They called it “supply-side reform,” and it was widely perceived as an attempt to eliminate the surplus capacity at mines ...

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UAE has a big role to play in 4IR

  The Fourth Industrial Revolution (4IR) will shape the world’s future. It has already dawned on us. The UAE is joining the World Economic Forum (WEF) to lead from the front as it ushers in the 4IR and gives fillip to technological advancements. While setting up the world’s first permanent policy council that will study and implement the plans of ...

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Why Putin sacrificed his economy minister

  Russian President Vladimir Putin has been rather consistent lately in making it clear that senior officials were not immune from corruption charges. Yet Economy Minister Alexei Ulyukayev’s arrest in the wee hours of Tuesday still stands out. It raises questions about the future of Putin’s highly professional, technocratic economic team as well as one of the president’s closest associates, ...

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