Sunday 30 August 2015
 
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Crisis

Oil sinks 4pc, hits fresh 6-1/2-year low on China

Oil prices fell more than 4 per cent to fresh 6-1/2-year lows after Chinese stock markets suffered their biggest one-day drop since the global financial crisis, intensifying worries over the outlook for global oil demand.  

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Syrian National Congress sought to solve crisis

Four leading Arab politicians and thought leaders have called for the convening of the second Syrian National Congress in a bid to solve the Syrian crisis. "This is the only way (out)," said Abdelelah Alkhatib, former fo

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India AIDS fight hit by funding crisis

India's fight against AIDS is being jeopardised by a cut in social spending by Prime Minister Narendra Modi's government, with health workers being laid off and programmes to prevent the spread of the deadly disease curtailed.

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FIFA crisis 'worse than Olympics scandal'

Canadian lawyer Dick Pound, who headed the investigation to clean up the International Olympic Committee after the 2002 Salt Lake City winter games corruption scandal, said on Friday that the FIFA crisis was worse than anything the IOC faced.

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Plans to tackle Manama’s ‘parking crisis'

A study into how Manama's 'parking crisis' can be overcome has been launched by Bahrain’s Capital Trustees Board. At their weekly meeting yesterday (June 3), members put forward a number of suggestions on how mo

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Regional crises push Turkey, Saudi closer

Turkey is cultivating closer relations with Saudi Arabia's new leadership, putting aside long-standing differences over political Islam and aligning efforts to solve regional crises including the war in Syria. The rapprochemen

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Iron ore in fresh crisis as forward prices crumble

Iron ore is veering to a new crisis as prices for future delivery of the commodity slide 30 per cent in the space of a month, and its outlook is now more bearish than oil and more dire than ever for miners struggling to just stay in business.

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New GFH plan ‘much healthier and stronger’

GFH has restructured its balance sheet with both its cash and equity position much healthier and stronger now than it was before the financial crisis, according to the chairman of the Bahrain-based Islamic investment bank. "I

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Oil embargo among EU options to press for peace in Libya

An oil embargo is one tactic the European Union (EU) could use to press for a solution to the crisis in Libya, according to a discussion paper drawn up by the EU's diplomatic service. &nbs

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Takata tightens screw on suppliers amid air bag crisis

Takata Corporation has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production to replace millions of air bags recalled for a potentially deadly defect, according to people invo

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