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Large movements in relative prices will create winners and losers this year, the IMF has said. EPA/MICHAEL REYNOLDS

China economy to slow, hurting Australia: IMF

A new IMF report predicts a crackdown on cheap credit in China will help reduce China's real GDP growth rate from 7.4% last year to 6.8% this year and further weaken demand for Australian commodities.
The Hryvna: a vulnerable currency Valentyn Ogirenko/Reuters

Forecast for Ukraine: stormy with rays of sunshine

A year after the Maidan revolution of 2014, Ukraine is at a critical juncture. The conflict with Russia has been escalating. Estimates of casualties exceed 5,000, with some reports putting the number at…
What doll would you choose? Brandt Luke Zorn

Putin, oil, the ruble and the Russian doll

This week we have witnessed a plunge in the price of oil and the astonishing demise of the ruble. These events provide the basis for a great series of conspiracy theories, the type that readily find an…
United on the need for stronger economic growth. Lukas Coch/AAP

G20 leaders agree US$2 trillion growth goal: experts react

The G20 leaders have reaffirmed a commitment to raise global growth, saying if more than 800 agreed measures are “fully implemented”, GDP will grow by an additional 2.1% by 2018, adding more than US$2…
China’s President Xi Jinping, pictured gesturing at center, last month launched the Asian Infrastructure Investment Bank, a project the US hopes to stymie. Reuters

China’s development bank plans test rising power’s strategic shift

In an influential speech in 2005, then-US deputy secretary of state Robert Zoellick called on China to become a “responsible stakeholder” in the international community. To optimists, China’s recent efforts…
A carrier’s liability for damage, loss or delay of baggage is governed by a number of overarching international treaties. Adam Fagen

What to claim for lost, delayed or damaged bags on overseas flights

If you get on a plane and your baggage ends up being delayed, damaged or lost, who’s responsible: you or the airline? And what rules apply when you’re flying between different countries – even if you don’t…

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