Word: slowdown
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...majority and stay in office, there could be lasting fallout. In parliamentary elections expected to be held early next year, Singh's Congress Party colleagues could find themselves targeted by an angry electorate for putting so much effort into foreign policy while India's citizens face an economic slowdown and the worst inflation the country has seen in 13 years...
Banning the AKP won't neutralize the attraction its positions hold for millions of Turkish voters. And the mere threat of a ban has already drawn international condemnation, and has contributed to a slowdown in foreign investment as well as a weakening of Turkey's currency. That said, political Islam would indeed pose a future threat to the modern lifestyles of many Turks - and, despite the AKP's protestations, it's not unreasonable to suspect that the party might want to strengthen Islam's role in political life. Still, it's worth keeping such worries from spiraling out of control...
...benefit from a flood of orders from China, Russia, India and the Middle East. That in turn is driving investment at home, and has created tens of thousands of jobs. But the latest figures suggest the manufacturing boom has peaked - and the big question is, How pronounced will the slowdown be? On July 4, the government announced that orders to manufacturers dropped by 0.9% in May. Most economists had expected a modest rise, and the unexpectedly poor performance - combined with other data suggesting that business confidence is on the wane - caused much hand-wringing. "The outlook for German industry...
...slowdown in British consumer spending is echoed in Ireland and Spain, although consumers are holding up a bit better in France. In Germany, economists have been waiting for a decade for a consumer-led rebound - and they're still waiting, even though the economy had fared well until recently. Crucially, employment remains buoyant in most countries other than Spain, and so far, despite some job cuts - especially at banks - the overall jobless level remains stable. For example, a regular survey of job opportunities posted online throughout Europe showed no change overall in June; indeed, there was a sharp increase...
...field in the Barents Sea, Gazprom teamed up with Norwegian oil firm StatoilHydro and French giant Total last year, indicating there's still an openness to such partnerships, even as Russia gains confidence in its ability to fly solo. Moreover, Moscow is under pressure to reverse a worrisome slowdown in the nation's oil production. While the rules of the game keep changing, foreign investors know there are still fortunes to be made in Russia. But with no end to its feud in sight, BP continues to find itself over a barrel...