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14 July, 2016 7:08 PM A haircut for French taxpayers? Hollande's $10,000-a-month stylist is revealed

The French President has not managed to deliver on his promise to significantly lower unemployment, especially among young people The report is especially jarring for Hollande, 61, a Socialist who campaigned on the promise that he would be a "normal" and exemplary president but who has seen his private life spill into the open on several occasions 165

14 July, 2016 9:24 AM Theresa May gets down to work under Brexit pressure

E.U. leaders press her to trigger Brexit as quickly as possible. Theresa May came under immediate pressure Thursday on her first full day as Britain’s new Prime Minister after a series of surprise appointments to her Cabinet, including the gaffe-prone Boris Johnson as Foreign Secretary. Three weeks after Britain voted to leave the European Union, Ms. May also came under 319

14 July, 2016 5:53 AM Chinese rating agency cuts outlook for countries in territorial disputes

A Chinese rating agency has downgraded the outlooks for Japan, the Philippines and Vietnam, citing their slowing economic growth, worsening fiscal status, weakening external solvency as well as escalating geopolitical risks. and come to the negotiating table even as junior foreign minister Liu Zhenmin warned other countries that any attempt to interfere 348

12 July, 2016 8:31 PM Inflation targeting and credibility

Higher acceptable inflation will be an admission of the failure to deliver lower trend inflation Now that the frenzied verbal volleyball over Reserve Bank of India (RBI) governor Raghuram Rajan’s decision to return to the world of ideas has subsided, it is constructive to calmly look at the future of the flexible inflation-targeting monetary framework 169

12 July, 2016 1:23 PM Rajan tackled inflation in an appropriate manner

UTI Mutual Fund’s Sudhir Agrawal talks to Mint about interest rate trajectory, and possible stance of the new RBI governor Do you think the slow pick-up of credit growth is a worry? Or is this a passing phase? A lot of the so-called high credit growth we saw in the past has now turned into non-performing asset (NPA). This problem is acute in the case of public 226

12 July, 2016 4:46 AM ‘I know I'm not showy,’ says Theresa May who’s set to be next UK PM

London: Theresa May is set to become Britain's next prime minister, lauded by her supporters as a safe pair of hands who can steer the country out of the European Union. One of the most experienced members of the government, May favoured staying in the European Union, but her support during last month's referendum campaign was qualified and low-key 171

12 July, 2016 4:03 AM Rajinikanth's Kabali Gets U Certificate

Superstar Rajinikanth's Kabali has been cleared with a U certificate with no cuts by the Central Board of Film Certification (CBFC) on Monday. The film releases worldwide on July 22. Directed by Pa Ranjith, Kabali features Rajinikanth in the role of a Malaysian don. The film, which will also be released in Telugu and Hindi, co-stars Radhika Apte, Kishore 203

12 July, 2016 2:50 AM NZ dollar jumps against yen after Abe win in upper house of Diet

The New Zealand dollar gained against the yen on expectations Prime Minister Shinzo Abe will kick off a new round of stimulus after his conservative party swept the upper house in the weekend election. The kiwi climbed to ¥74.16 at 8am in Wellington from ¥73.67 yesterday. Still, the trade-weighted index fell from a 14-month high, trading at 77.25 from 77.68 yesterday 181

12 July, 2016 2:13 AM Asian Shares Firm On Stimulus Hopes, Wall Street Record

Strong Economy, Earnings Bets Propel S&P 500 To Record High Tokyo: Asian stocks held firm around a 2-1/2-month peak on Tuesday, a day after U.S. shares hit a record high thanks to a combination of upbeat U.S. data and expectations of more stimulus around the world. MSCI's broadest index of Asia-Pacific shares outside Japan rose slightly to hit its highest 128

11 July, 2016 5:59 PM Centre rushes more troops to quell Kashmir unrest

Ajit Doval cuts short Africa visit to attend review meeting With no let-up in violent clashes, arson and the cycle of death, and with separatist leaders asking Prime Minister Narendra Modi to read “the writing on the wall,” the Centre rushed more troops to the Kashmir Valley and held emergency meetings to take stock of the situation. Union Home Minister 373