Good morning! Here’s what you need to know on Thursday.
1. Activity levels in China’s services sector, tasked with powering China’s economic transition in the years ahead, decelerated sharply in February,yet again amplifying concerns over the strength of the Chinese economy at present.
2. A piece of debris found along the eastern African coast between Mozambique and Madagascar may be from the tail section of the Malaysia Airlines plane that disappeared two years ago,NBC News reported on Wednesday.
3. US Republican presidential front-runner candidate Donald Trump on Wednesday unveiled proposals for reforming US healthcare that included repealing Obamacare and allowing prescription drugs to be imported.
4. South Korea’s Defence Ministry says North Korea has fired several short-range projectiles into the sea just hours after the United Nations slapped sanctions on Pyongyang for its recent nuclear test and long-range rocket launch.
5. Britain’s financial regulator banned former Deutsche Bank trader Michael Ross Curtler from the UK financial services industry for admitting to fraudulent LIBOR submissions. Curtler was employed by Deutsche between 1993 and 2012.
6. At least 50,000 people have been killed in South Sudan’s two-year civil war, a senior United Nations official said on Wednesday,a five-fold increase in the death toll given by humanitarian agencies in the early months of the conflict.
7. More wealthy Chinese are ploughing money into technology start-ups which are increasingly seen as a safe haven as the slowing economy eases hopes of extracting returns from traditional investment such as stocks, property, or gold.
8. Former Bank of England Governor Lord Mervyn King is continuing his vocal criticism of Europe, claiming Greece’s current economic, social, and political crises have been created “almost as a deliberate act of policy.”
9. Saudi Arabia is asking banks for a loan of up to $10 billion, according to Reuters.The oil-producing heavyweight has faced fiscal challenges as oil prices have plunged.
10. With five months to go before the Olympics in Rio de Janeiro, Brazilian organisers have sold less than half the available tickets for South America’s first games. About 47 per cent of the total 7.5 million tickets have been bought so far.