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China’s strategy is written in earrings

The Chinese have always lived by the saying “better broken jade than intact tile.” This explains why Chinese TV anchor Liu Xin picked out jade earrings and a jade pendant necklace to wear in her much-hyped debate on the US-China trade war with Fox anchor Trish Regan. The meaning of the jewelry, apparent to millions of Chinese who watched the ...

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Greece banks bad-debt monster is alive, kicking

Greece’s banks have staged a spectacular stock market rally this year. Shares of two of the country’s top four lenders – Piraeus Bank SA and National Bank of Greece SA — have more than doubled. The possibility of a change in government has spurred the latest bump — but investors’ optimism may be premature. Fundamentally, little has changed since last ...

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Not all of the developing nations are created equal

Economists tend to categorise countries by their per-capita income levels. The best known is the World Bank’s system, which classifies countries into low, lower-middle, upper-middle and high income, according to the per capita gross national income: Other international development agencies, like the International Monetary Fund (IMF) and the United Nations, tend to adopt the World Bank’s taxonomy when distinguishing countries ...

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