Weekly Update: Top 5 International Business News Trends

1. U.S. deficit falls to $680 billion. The federal government’s latest annual deficit is the smallest it’s been since 2008, according to Treasury Department data released Wednesday. http://money.cnn.com/2013/10/30/news/economy/deficit-2013-treasury/index.html

2. Islamic world slipping behind economically, Pakistan PM warns. Economic and intellectual stagnation has left Islamic nations incapable of punching their weight in the wider world, the prime minister of Pakistan has warned. http://www.telegraph.co.uk/news/worldnews/asia/pakistan/10411814/Islamic-world-slipping-behind-economically-Pakistan-PM-warns.html

3. Is Puerto Rico the next Detroit? Puerto Rico has been called the next Detroit and the next Greece. It’s buried in debt and possibly teetering on the edge of bankruptcy. http://money.cnn.com/2013/10/31/investing/puerto-rico-hedge-funds/index.html

4. US criticizes Germany and China policies.The US has criticized Germany’s economic policies, saying that its export-led growth model is hurting the eurozone and the wider global economy. http://www.bbc.co.uk/news/business-24753267

5. Russia to invest $1.5 bn into new domestic energy projects in Ecuador, making the South American country a key partner in the region, President Vladimir Putin said at a meeting with Ecuadorian President Rafael Correa in Moscow. http://rt.com/business/russia-invest-ecuador%20energy-956/

 

Weekly Update: Top 5 International Business News Trends

The latest International Business Headlines from last week are reported to you below. Please report to their individual websites to read the full articles. Check for updates every Monday.

1.  Cyprus’ president says he expects international creditors’ latest review to approve the country’s handling of its bailout program.

http://www.businessweek.com/ap/2013-10-28/cyprus-president-expects-positive-bailout-review

2. A technological revolution is sweeping across Africa, bringing with it deep Internet penetration and exploding rates of smartphone usage.

http://www.newsweek.com/africa-start-ups-swarm-continent-388

3. The proportion of women commanding managing director roles in London has doubled

http://rt.com/business/london-female-gender-gap-844/

4. The U.S. may have monitored German Chancellor Angela Merkel for over a decade according to reports from NSA leaker Edward Snowden.

http://www.washingtonpost.com/world/europe/merkel-may-have-been-monitored-by-us-since-2002-magazine-reports/2013/10/27/7b95661e-3f32-11e3-b028-de922d7a3f47_story.html

5. For the first time in 126 years, the Vatican Bank published an annual report in an attempt to be more transparent and divert allegations of corruption.

http://www.newsweek.com/pope-francis-opens-books-first-ever-vatican-bank-report-shows-big-profits-74