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India’s botched currency reform

Hand-picked stories from this week's issue of The Economist.
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  Editor’s picks   December 1st 2016  
 
The Economist
 
Our cover this week features the mighty dollar. A rally since the election leaves it 40% above its lows in 2011. This is a sign that investors see America’s economy accelerating. But a strong dollar will also cause trouble in emerging markets and add to tension over trade. America’s currency is the world’s problem

Zanny Minton Beddoes, Editor-in-Chief
 
 
 
South Korea’s embattled president
To spare her country months of drift, Park Geun-hye should resign now
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To spare her country months of drift, Park Geun-hye should resign now
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Modi’s ropy rupee plan
The withdrawal of higher-denomination notes was supposed to purge corruption and normalise India’s black economy. What a pity that it has been so botched
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To the last drop
Whether you want to boost the output of power plants or get all the ketchup out of the bottle, the answer is new fluid-repellent surfaces
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Whether you want to boost the output of power plants or get all the ketchup out of the bottle, the answer is new fluid-repellent surfaces
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Politics this week
Fidel Castro, who led a revolution in Cuba and ruled as a communist dictator for 47 years, died at the age of 90. He was an unyielding antagonist of the United States, which tried many times to assassinate him. In 1962 Mr Castro helped bring the world to the brink of nuclear war by inviting the Soviet Union to station missiles in Cuba. His brother, Raúl, formally replaced him as president in 2008, but he was the symbolic leader of the Latin American far left until his death
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Business this week
After months of haggling OPEC members agreed to the first cut in oil production in eight years. Non-OPEC members are expected to chip in with a cut of their own. Iran, which had been reluctant to reduce output so soon after returning to international markets, agreed to a token increase. The deal will reduce global production by almost 2%. Oil prices jumped in response
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MORE FROM BUSINESS THIS WEEK >
 
 
 
 
 
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