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Tim O

South Sudan to suspend oil output - 0 views

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    Hello, In this article it talks about how South Sudan has suspended its oil production due to a disagreement with the Republic of the Sudan. South Sudan says it will stop its oil production because it does not want to share its revenue with Sudan. Sudan has accused the south for not paying transport fees, because the south has all the oil fields however, it relays on the north because south Sudan does not have a port and uses Sudan's port to export their oil. South Sudan claims that Sudan has stolen $350,000,000 worth of crude oil as an exchange of their transport fees. The two countries are know in Ethiopia trying to settle an agreement in which the south can use the north in order to export their oil.
Monique T

Bolivia aims to join Mercosur trade bloc | Al Jazeera - 0 views

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    This article describes Bolivia's attempt to join the Mercosur trade bloc in South America, which we learned about this week. There are obvious benefits to the trade bloc that it wishes to exploit, but some people don't feel it is ready to join the trade bloc.
Katie Edwards

Venezuela intent on freezing out Paraguay as Mercosur eludes unity - UPI.com - 0 views

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    This article discusses the potential difficulties of the Mercosur trade bloc in South America. Disputes amongst the members is causing distress to the economic system, and political isolation and dispute are becoming obstacles to economic collaboration.
Monique T

Oil giants fined for price-fixing | Fin24 - 4 views

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    This article discusses how petroleum countries in South Africa were fined for price-fixing. This is an example of large firms who form a collusive oligopoly, because they are working together to agree on prices that will maximize their joint revenue. However, due to the fact that this means higher prices for consumers, it was an illegal agreement and so the firms are being fined.
Lola Z

Apple in South Korea: Samsung, patriots and the iPhone | The Economist - 0 views

  • And in June of this year, Samsung launched its Galaxy S on the same day Apple launched its iPhone 4.
    • Lola Z
       
      Iphone 4 and Galaxy S are very close substitutes to each other.
  • Newspaper, magazines and power-bloggers are making hectic efforts to praise the Galaxy S as the ultimate iPhone killer. Galaxy S is a good product, but I am so sick of those ‘iPhone killer phones’ comments.
  • They don’t deny the quality of the Galaxy S, and are well aware of iPhone 4’s reception problems; they are just not thrilled at being pushed into buying Samsung.
Lucas G

BOK Cuts Growth, Inflation Forecasts - 1 views

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    This article from the Wall Street Journal discusses how the Bank of Korea in South Korea lowered its economic forecasts. It also discusses that the BOK has announced that the inflation rate is within the target range for SK; 2%-4%.
Mirren M

Rising Beer Prices Could Hint at Oligopoly - 0 views

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    This article talks about how beer prices are rising and like the concept in oligopoly, the rest of the firms follow and vice versa. "After South African Breweries bought Miller in 2002, it set out to take market share from Bud. Its bigger rival responded by slashing prices. The others were then forced to match."
Mirren M

Cardiff has UK's highest energy bills - 2 views

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    This article talks about how the cost of heating homes are impacting the people of Cardiff - how it has affected their budget and how suppliers are still continuing to raise prices. Therefore, price control needed to be implemented so the situation goes back to being under control. "People shouldn't have to choose between whether to eat or heat but many do."
Tim O

South England to get 1,600 new houses - 1 views

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    In this video, it talks about how the younger generation and the increase in population has caused for house prices to rise, resulting in the lack of cheap homes for young people to buy. It talks about how the government are buying brown field sites, fields and other places in order to build cheap, small homes for people to buy. It talks about how the demand for houses increased while the supply has stayed the same, resulting in the rise of its prices. Thus, young people who do not earn that much money can not afford to buy a house for themselves.
Tim O

Japan 'ready' to act on yen - 0 views

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    This articles talks about how the export growth of 2.4 percent in September has created growth in overseas shipments because as the yen is getting stronger Japanese products are getting more expensive in overseas markets compared to Asian rivals such as China and South Korea. Due to the fact that the products has increased in price the demand for them has risen because people think that they are worth more, however the supply has decreased due to the increase in demand.
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