The 10 most important things in the world right now
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.
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.
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 percent of the total 7.5 million tickets have been bought so far.
And finally ... A Goldman Sachs partner sent a memo to the bank's junior staff, and every young person in finance should read it.