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Economic growth News

After years of improvement, air pollution getting worse in U.S.

For years, the quality of the air Americans breathe had been steadily improving, but that trend is showing signs of unraveling thanks in part to economic growth, wildfires, the deregulation of industry and loosening of the Clean Air Act.

Oil plunges five percent over US-China trade war, stockpile surge

Wall Street is finally coming to grips with the idea that the US-China trade war is going to get much worse before it gets better. The DOW fell nearly 300 points today, dragging oil prices down five percent, while China-sensitive stocks took a tumble.

S&P downgrades debt-laden Mexican state oil firm Pemex

Ratings agency Standard & Poor’s on Monday slashed the stand-alone credit profile of Mexico’s national oil company Pemex, piling more pressure on the government to tighten up the debt-laden state-owned oil firm’s finances.

The Sustainable Blue Economy Conference — The global discussion

Nairobi - This November, Kenya, along with Canada and Japan, is proud to host the world’s first global conference focused on the world’s ocean economy: the Sustainable Blue Economy Conference in Nairobi, Kenya.

Oil and gas industry impacts on Canadian economy

Both Canada and the U.S. are in the top five oil and gas producing countries on the planet. However, the collapse of oil prices in 2014, along with the growth of renewable energy sources, has left many oil field workers out of a job.

Beijing's pollution: Clearer skies but loss of jobs and growth

Beijing - Air quality levels in Beijing have improved as much as 16 percent over the past year, with other cities seeing as much as a 10 percent drop in key pollutants. But the cost in businesses closed down and the loss of jobs and destroyed lives has been costly.

China passes yet another law on air pollution and coal use

Beijing - Legislators in China have approved amendments to the country's 15-year-old air pollution law that grants the state more powers to punish offenders, as well as allowing the state a clearer path to capping coal consumption, the biggest source of smog.

Business growth in UK shows promise that economy is recovering

Data released shows a steady rise in the economy for the UK. With the news of economic growth in the UK and Europe, this could be a good time to get economic guidance to grow a business or begin a new business internationally.

Signs of economic growth good news for small business

Recent reports of falling unemployment, increased production and a rise in the GDP have many cautiously optimistic the U.S. economy is on the road to recovery, which is especially good news for small businesses.

Brazil's economic image at stake with World Cup

In 2007, being awarded the right to hold a World Cup event was the answer to a glorious dream. Brazil had big expectations of showing the world they were a major economic power, giving them a good reason to fix a crumbling transportation infrastructure.

Nile River in the middle of looming water crisis

In Africa, water is critical to the survival of over one-third of the population. At least 300 million people lack any access to water, and over 313 million people lack proper sanitation. This is one reason the waters of the Nile River are at stake.

U.S. and USAID lauded for enhancing economic growth in Africa Special

Kenyase - The American government and the United States agency for International Development (USAID), have won wide applause from a leading Eastern Africa farmers organization for their noble role of promoting economic growth in Africa.

Op-Ed: Paul Krugman claims slow economic growth may be new normal

New York - Paul Krugman argues that the problem of maintaining adequate demand is likely to be persistent. He argues that this lack of demand is likely to create a situation where slow growth will be the new normal for economies.

Bank of Canada Governor sees confidence in economy, growth

The Bank of Canada Governor says confidence in the economy is improving, and the country is near a "tipping point," that will soon bring closer to normal economic growth.

Op-Ed: Keeping PH stunning 7.8% growth requires decisive action

The Department of Transportation and Communications (DOTC) has been severely criticized for continuously sitting on government projects that are designed to support and sustain economic growth of the country under the new dispensation.

Recovery in swing: US auto sales driven by pickup trucks in May

Impressive May sales gains seen from all three US automakers were driven in large part by demand in pickup trucks, indicating a greater economic recovery - particularly in construction.

In a content marketing first, GE Capital hits the road with Slate

In a remarkable and dynamic first in the content marketing space, GE Capital and Slate magazine have partnered to deliver the middle market Roadshow For Growth - celebrating the job-oriented achievements of middle-market businesses.

Op-Ed: 54,500 job lost in March questions Canada's Economic Action Plan

Ottawa - While the US and Canada differ on ideologies on how to grow the economy, the US added 80,000 jobs in March, while Canada lost 54,500, most permanent and in the private sector. It appears that Canada's Economic Action Plan is not working.

Op-Ed: Immigration policy affects western economies

Ottawa - Germany will face a significant labor shortage due to an aging workforce and one of the European Union's lowest birthrates. Absence of a friendly immigration policy, coupled with the German language make the country unattractive to immigrants.

Poll: Most Americans believe people get rich by working hard

New York - Is the American Dream still attainable through the virtue of hard work? A new Rasmussen Reports survey found that a majority of Americans believe individuals can become affluent by working hard.

Op-Ed: Sorry, Keynesians, Hurricane Sandy is not great for the economy

New York - Is a disaster as catastrophic as Hurricane Sandy actually beneficial to the economy and a nation's populace? Keynesian economists like to suggest such nonsense, but the notions have already been refuted by the likes of Frederic Bastiat.

U.S. economic growth revised down to 1.3 percent

Washington - Second quarter U.S. economic growth was downgraded from a feeble 1.7 percent to a depressing 1.3 percent by a new Commerce Department report.

Op-Ed: Millions of Indians plunge into darkness a second time

An intense summer 2012, followed by nearly failed monsoon and an economy on its downslide, further compounded by an utterly powerless India for two days, defines a nearly economically crippled India.

Op-Ed: The pachyderm refuses to move — Indian growth nose-dives

After a slew of economic reforms targeted at the World Bank mandated privatization and liberalization goals in the decade of 1990s, India was poised to leap like a tiger with the dawn of the fresh century.

Video: Nigeria's Richie Rich paradox of 'Poor Rich Country' Special

Lekki - According to statistics released on Monday, amid claims of strong economic growth, poverty is rising in Africa's largest oil producing nation Nigeria, with almost 100 million people living on less than $1 a day in a country of 160 million people.

Op-Ed: Jobs economics 101 — Why the US jobs market defines US recovery

New York - The 117,000 jobs created in July sent the first positive news through the US markets in a long time. The irony is that the neurotic markets themselves are refusing to grapple with the fact that jobs make the economy thrive.

Obama’s weekly address notes economic recovery trend to continue

Washington - In efforts to detract from a growing controversy over the Department of Justice subpoena for Twitter’s information on those associated with Wikileaks, President Obama announced on Saturday a “clear” trend in the nation’s improving economy.

Brazilian economy shows biggest expansion in 14 years

Brazilia - The Brazilian economy is ignoring the incidence of a global financial crisis and continues to grow at an unprecedented rate; in the first half of this year the Gross Domestic Product (GDP) had a growth of 8.9%, the biggest expansion in 14 years.

Study Finds Climate Change May Widen Rich-Poor Gap

Rising global temperatures may lead to increased disparities between rich and poor countries, according to a recent MIT economic analysis of the impact of climate change on growth.

UN Report Suggests Severe Global Economic Downturn Ahead

The report issued by the UN’s Department of Social and Economic Affairs (DESA), predicts that world economic growth will fall steeply to 1.8 per cent this year and 2.1 per cent next year, down from 3.8 per cent in 2007.

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Colleen Lane

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