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Colombians vote for new president with peace deal, economy at stake

“Petro, a combative populist who was once a member of the now defunct M19 rebel group, supports the peace deal” writes Midwest Communications Inc for 95kqds.com. Leading candidate, right-wing Ivan Duque, has pledged to alter the terms of the peace deal and to jail former rebels for war crimes.In the first election since the peace deal was signed in 2016 with the Revolutionary Armed Forces of Colombia (FARC), voters will decide on a replacement for President Juan Manuel Santos, who won the Nobel Peace Prize for ending the five-decade-old conflict.BOGOTA…

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The world’s working-age population is set for a slowdown — here’s what that could mean for the global economy

“Officials expect the overall population growth rate to average 0.8% by 2050, compared to between 1% and 2% in recent decades” writes Gina Heeb for businessinsider.com. That could translate almost directly to a slowdown in global economic growth, according to analysis by Capital Economics.Economists predict workforce growth around the world is set for a slowdown, and some worry about what that could mean for the global economy.Perhaps most troubling for economists, the working-age population could see an even sharper and faster slowdown, with the growth rate shedding about 0.4% before 2030.Overall world…

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News Oil 

Officials list demands for staying in nuclear deal

“Macron also said he wanted Iran to complete the nuclear deal by signing a new framework agreement to cover ballistic missiles and its regional activities” writes Patrick Wintour for theguardian.com. Iran has said it will decide in the next few weeks whether to pull out of the nuclear deal signed in 2015 and start enriching uranium capable of making a nuclear bomb.The premise of the nuclear deal – officially called the Joint Comprehensive Plan of Action was to let Iran rejoin the global economy in exchange for denuclearisation.About 37% of…

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Germany’s economic growth slows in 1st quarter

“Indicating the slowdown in the growth rate, Germany’s exports fell by 1.0% on the quarter, while imports retreated 1.1% over the last quarter of 2017” writes Emese Bartha for marketwatch.com. Germany’s annualized growth rate slowed to 1.2% in the first quarter from 2.5% in the fourth quarter of last year, the Federal Statistical Office said, also confirming its first estimate.Germany’s economy grew at a slower pace in the first quarter of 2018 than in the last quarter of 2017, reducing the likelihood of another year of stellar growth rates. Plant…

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Crypto Markets News 

Crypto market is absolutely irrelevant to the global financial world. Academics highlight its cult-like nature

“The cryptocurrency market is still in its infancy” reports financefeeds.com. The very niche nature of the cryptocurrency market inevitably makes prices heavily influenced by demand pressure, which in turn is fueled by how much cryptos are perceived as an actual investment and legitimate concerns about safety and frauds. Source: financefeeds.com Share This:

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Erdogan’s push for power creates new chaos

“And as the Turkish president seeks to once more consolidate power in his deeply divided country, the effects of his politicking risk spilling across borders” writes Ishaan Tharoor Writes for washingtonpost.com. “The opposition groups are ‘proxies’ for outside actors conspiring to undermine Erdogan’s agenda of making Turkey great again,” Soner Cagaptay, author of a book on Erdogan’s rise to power, told Today’s WorldView. Source: washingtonpost.com Share This:

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Eurozone slowdown raises fears there will be no economic rebound 

“Economic growth slowed to an 18-month low in the eurozone in May raising fears there will be no rebound from the weak first quarter” writes Tim Wallace for telegraph.co.uk. Surging business activity last year has given way to more modest rates of growth in 2018, though the expansion is seen as steady rather than weak. Source: telegraph.co.uk Share This:

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Hitting toughest climate target will save world $30tn in damages, analysis shows

“Achieving the toughest climate change target set in the global Paris agreement will save the world about $30tn in damages, far more than the costs of cutting carbon emissions, according to a new economic analysis” writes Damian Carrington for theguardian.com. Most nations, representing 90% of global population, would benefit economically from keeping global warming to 1.5C above pre-industrial levels, the research indicates.Prof Maximilian Auffhammer, at the University of California Berkeley, US, and not part of the research team said: “Translating the impacts of climate change into economic damages is challenging.The…

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Greece’s economic future is nearing a crucial moment

“Discussions are heating up over future debt repayments for Greece, with the country hoping to break free from years of financial assistance since the euro zone sovereign debt crisis that ravaged its economy” writes unknown author for cnbc.com. The International Monetary Fund (IMF), European creditors and the Greek government are hashing out the final details of a deal that will make it easier for Athens to repay its debts.The issue is getting more pressing by the day as Greece prepares to end its third financial rescue of 86 billion euros…

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