Kuwait urges Gulf reforms as oil prices fall
25 Oct 2014 | 11:25 am
Kuwait's finance minister on Saturday called for economic reforms by energy-dependent Gulf states to cope with a drop in oil prices that has hurt their public finances. Saleh said the Gulf states must diversify their economies and "reduce dependence on oil". "Implementing these policies has become inevitable," Saleh told the meeting, which International Monetary Fund managing director Christine Lagarde was also attending. Forecasts indicate a healthy economic growth for the six nations of the Gulf Cooperation Council (GCC) averaging 4.5 percent in 2014-2015, Saleh said.
In rural Tunisia, economic malaise weighs on voters
25 Oct 2014 | 9:10 am
By Tarek Amara KASSERINE Tunisia (Reuters) - In the western Tunisian city of Kasserine, campaign posters plastered on walls make plain what many voters want from Sunday's parliamentary election -- jobs, whose scarcity has fueled unrest and militancy. Alongside portraits of would-be lawmakers and party logos, scores of young people have posted resumes, hoping to land job offers to lift them out of the economic malaise that has troubled Tunisia's democratic evolution. Unemployment in the olive and fruit farming region bordering Algeria is almost double the national 15 percent. ...
Ebola death toll tops 4,900 as virus spreads - WHO
25 Oct 2014 | 7:49 am
By Stephanie Nebehay GENEVA (Reuters) - The death toll from the Ebola epidemic rose to 4,922 out of 10,141 known cases in eight countries through Oct. 23, the World Health Organization (WHO) said on Saturday. The virus, which reached Mali through a two-year-old girl who died on Friday, now threatens Ivory Coast, having infected people virtually all along its borders with Guinea and Liberia. Ivory Coast is the world's biggest cocoa producer. The Ebola outbreak has hurt the economic growth that has been raising living standards in the region. ...
China's top graft-buster says fight will never end
25 Oct 2014 | 7:26 am
BEIJING (Reuters) - China's fight against deeply ingrained corruption will never end, the top official in charge of tackling graft said before a meeting intended to clean up business in the world's second-largest economy. Since President Xi Jinping launched his high-profile campaign against corruption upon assuming office last year, senior officials including powerful former domestic security chief Zhou Yongkang have been removed from their posts and put under investigation. ...
Greece's anti-bailout party leads conservatives in latest poll
25 Oct 2014 | 5:58 am
ATHENS (Reuters) - Greece's radical leftist Syriza party would beat Prime Minister Antonis Samaras's conservatives if an election were held now but its lead has slipped from last month, an opinion poll showed on Saturday. Syriza, ahead by 8.5 percentage points, is deeply opposed to the international bailout that helped Athens avoid a debt default in return for tough measures to repair its finances and make its economy more competitive. ...
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