Qatar targets cultural assets for cuts as oil price hits budget - FT.com:
"Only a year ago Qatar set a world record price for a painting by Paul Gauguin, the culmination of a decade-long art-spending spree. Now it is making staff at its museum authority redundant in a cost-cutting drive that has seen the hydrocarbon-rich state shedding some of its most high-profile assets
On Tuesday Al Jazeera America fell victim to the cutbacks as Qatar shut down the cable news channel that had spent around $2bn since 2013 — a sum observers said was unsustainable, especially while budgets were being reduced at sister channels Al Jazeera Arabic and Al Jazeera English.
Around 550 employees at the channel’s headquarters in New York and 150 at bureaux around the US are expected to lose their jobs, staff said."
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