April, 2016

• 3 April

  All asylum children freed from mainland detention: Australia

  

  Sydney / AFP The last asylum-seeker children in Australian mainland detention have been freed, the government said on Sunday, although dozens of others are still being held on the remote Pacific island of Nauru. Under Canberra’s harsh immigration policy, asylum-seekers who try to reach Australia by boat are turned back or sent to Pacific camps in Nauru and Papua New ...

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• 3 April

  China’s intelligence shakeup mirrors its political tumult

  

  China’s intelligence service, the Ministry of State Security (MSS), offers a snapshot of the political intrigue taking place within the regime of President Xi Jinping. The MSS has replaced two vice ministers within the last four years, after reports of political infighting and scandal. The current minister is said to be a figurehead, with the real power held by a ...

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• 3 April

  Innovation holds key to economic growth

  International Monetary Fund’s (IMF) recommendations to adopt policies that support research and development to promote innovation could play a pivotal role in reversing the global economic slowdown. Such recommendations could be implemented through structural reforms in labour and product markets that take innovation into account. “Fiscal policy can play an important role in stimulating innovation through its effects on research ...

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• 3 April

  China’s $50 trillion plan for a global energy grid

  Shannon Tiezzi SPECIAL TO EMIRATES BUSINESS China’s State Grid Corp. has unveiled an ambitious blueprint for creating a global electricity network. As Wall Street Journal reports, on Wednesday State Grid chairman Liu Zhenya outlined the $50 trillion plan, which calls for long-range transmission lines to create a world grid that heavily incorporates wind and solar energy from the Arctic and ...

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• 3 April

  Dumping Rousseff alone won’t cure Brazil

  

  When Brazilian President Dilma Rousseff walked down the ramp at the presidential palace in Brasilia the other day, she might have been a national hero. “There will be struggle, there will be resistance,” a gruff-voiced leader of the homeless workers’ movement announced, turning the announcement of a new federal housing initiative into a political rally. “This bogus coup attempt will ...

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• 3 April

  What if they gave an ASEAN Summit and the media failed to turn up?

  

  For years, in news rooms across the region, reporters and editors have argued about the merits of sending teams of journalists and photographers to cover the annual ASEAN summits. Interest is in a state of constant decline even as costs escalate. A major problem is rarely do ASEAN gatherings offer news that would be considered worthy for the front pages ...

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• 3 April

  ‘Trump Republican’ is a seriously damaged brand

  

  Donald Trump is taking a troubled brand — the Republican Party — and making it worse. In last week’s Bloomberg Politics national survey, 60 percent of Americans said they had an unfavorable view of Republicans, the highest level in seven years. Since 2009, when this survey began, a plurality of the public has regarded the party with disfavor, but over ...

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• 3 April

  Mideast stocks sink with oil as Saudis pin crude halt on others

  

  BLOOMBERG Saudi Arabian stocks declined to a five-week low, leading losses across most Middle Eastern equities, after the deputy crown prince triggered a slump in crude prices by placing the onus of reducing oil output on other countries. The Tadawul All Share Index decreased 1.6 percent to close at 6,126.12, nearing the 50-day moving average it’s traded above for more ...

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• 3 April

  Emirates Securities Market down by -0.96

  

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.96% to close at 4459.88 points. Accordingly the Market Capitalization has lost AED 7.02 billion attaining AED 723.45 billion. A total of 421.12 Million Shares were traded with a total value of AED 376.46 million during the trading session of 03-04-2016 through 4439 transactions. The number of companies which ...

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• 3 April

  Central banks’ arsenals in spotlight

  

  Madrid / Reuters At the end of a tough quarter, the fraught debate over how policymakers should tackle the world’s economic woes gets another airing in the coming week as central banks on both sides of the Atlantic publish minutes. Solid growth in US employment and an unexpected manufacturing uptick in China in March will have provided some comfort, but ...

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