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Economics News

Vietnam jails 15 over anti-China protests

Hanoi - Vietnam on Thursday jailed 15 people for "causing public disorder" after violent demonstrations last year over a proposed investment project that protesters said catered to Chinese firms.

TVA votes to close two coal plants in blow to Trump

Frankfort - The Tennessee Valley Authority voted on Thursday to close two aging coal-fired power plants, including one supplied by a company led by a major supporter of President Donald Trump, who had urged the U.S.-owned utility to keep it open.

How the stock market signals whether Trump will stay or go Special

Those who want President Trump to stay in office should hope the stock market rises, and those who want him ousted should hope it crashes, according to Alan Hall, a senior analyst at the Socionomics Institute.

Xi arrives in Portugal to boost trade ties

Lisbon - Chinese President Xi Jinping arrived in Portugal on Tuesday for a two-day visit to boost economic ties, despite concern in some EU capitals over China's growing influence across the continent.

Xi arrives in Portugal to boost trade ties

Lisbon - Chinese President Xi Jinping arrived in Portugal on Tuesday for a two-day visit to boost economic ties, despite concern in some EU capitals over China's growing influence across the continent.

Microsoft is now worth the same as Apple

A year ago Microsoft was worth just 50 percent of Apple, based on share price. Today the two companies are worth roughly the same, signalling an impressive growth curve from Microsoft. How did this happen?

N.Korea FM in Vietnam for lessons on economic reform

Hanoi - North Korea's foreign minister kicked off an official visit to Vietnam Friday as the hermit nation seeks to learn lessons from the one-party state's post-war economic reform that has transformed the communist nation into one of Asia's fastest growing e...

Hong Kong mega bridge launch announcement sparks backlash

Fpo - China has finally announced the opening ceremony for the world's longest sea bridge, which will connect Hong Kong, Macau and the mainland, but critics hit back Thursday over the secrecy surrounding the project.

Putin looks for reset with first visit to new Uzbek leader

Tashkent - Russian President Vladimir Putin starts his first state visit to Uzbekistan under new leadership on Thursday as the Kremlin attempts to recalibrate a once thorny relationship with billions of dollars in business deals.

More drought and heat for barley crops means less beer worldwide

There is nothing quite like the taste of an ice-cold beer on a scorching hot day - but global warming doesn't pick and choose what it will impact in a negative way. A warming planet will result in global barley shortages and a shortage of beer.

Climate, development tipped for Nobel economics prize

Stockholm - The 2018 Nobel season, marked by the lack of a literature award for the first time in 70 years, winds up Monday with the economics prize which experts say could go to research on the climate or development.

IMF bumps up Argentina bailout package to $57 billion

New York - The International Monetary Fund agreed on Wednesday to boost its crisis loan package aimed at restoring confidence in Argentina's struggling economy by 14 percent to $57.1 billion.

IMF increases Argentina crisis loan from $50 to $57 billion

New York - The International Monetary Fund has agreed to increase its crisis loan package aimed at restoring confidence in Argentina's struggling economy by $7 billion to $57 billion, the South American country's Finance Minister Nicolas Dujovne said on Wednesday...

Ford Focus may not be the last casualty of Trump trade war

Ford has announced that it’s abandoning plans to sell the Focus Active — which the company makes in China — in the United States because of tariffs imposed by the Trump administration.

BRICS nations pledge unity against US trade war threat

Johanesburg - Five of the biggest emerging economies on Thursday stood by the multilateral system and vowed to strengthen economic cooperation in the face of US tariff threats and unilateralism.

U.K. and now Mexico facing shortage of carbon dioxide

A carbon dioxide (CO2) shortage in Europe and now, Mexico, has threatened to halt the production of beer, carbonated drinks, and many other products in the supply chain. With rising CO2 levels in the atmosphere — what's going on?

French privatisations as Macron 're-thinks' state's role

Paris - The French government has announced the first major privatisations under President Emmanuel Macron which will be used to finance a new innovation fund and pay down the country's public debt.

'Absurd'comment by EU official causes uproar in Italy

Rome - Senior Italian politicians on Tuesday called for EU budget commissioner Gunther Oettinger to resign over an "absurd" comment in which he voiced the hope that the country's poor economic situation will keep populist parties out of government.

Brexit uncertainty for pharmaceutical companies

Of the different sectors of the British economy affected by the U.K.’s impending exit from the European Union, the pharmaceutical sector is one of the most significant. This relates to the value of the market and the regulatory impact.

New funding for Canadian technology 'superclusters'

Toronto - Clusters of companies with similar goals helps drive innovation through collaboration and competition. This is the idea behind Ottawa's new 'superclusters', with supporting funding coming from the Canadian government.

Australia's rooftop solar boom records best January ever

Rooftop solar installations in Australia are booming, with more than 110MW of registrations completed in January – a 69 percent increase on the previous January. Solar farm approvals and rooftop installations are expected to "turbo-boost" production.

Trump hails 'great relationship' with UK's May

Davos - US President Donald Trump boasted of a "really great relationship" with British Prime Minister Theresa May on Thursday, as the pair traded compliments and tried to turn the page after very public spats.

Japan's Abe seeks to drum up EU pressure on North Korea

Sofia - Japan's Prime Minister Shinzo Abe sought to drum up EU pressure on North Korea on Sunday in Sofia, while pledging to boost economic cooperation with Bulgaria and the Balkans.

Marvel or mishap? Hong Kong's troubled mega bridge

Hong Kong - Billed as the world's longest sea bridge connecting Hong Kong, Macau and mainland China, it has been touted by supporters as an engineering wonder.

Venezuelans vote in crucial regional elections

Caracas - Millions of Venezuelans voted peacefully in regional elections on Sunday following months of violent protests earlier this year aimed at unseating President Nicolas Maduro.

US's Thaler wins Nobel for 'making economics more human'

Stockholm - US economist Richard Thaler won the Nobel Economics prize on Monday for showing that economic and financial decision-makers are not always rational, but mostly deeply human.

Richard Thaler of US wins Nobel Economics Prize

Stockholm - US economist Richard Thaler on Monday won the Nobel Economics Prize for his pioneering work bridging the gap between economics and psychology, the jury said.

Outsiders challenge Chicago school for Nobel economics prize

Stockholm - The 2017 Nobel season wraps up Monday with the economics prize, which could this year honour fields rarely awarded by the committee, such as development economics or French economist Esther Duflo's research on poverty.

Myanmar's conflict-hit Rakhine a magnet for Chinese cash

Bangkok - Battered by global outrage over an army crackdown on Rohingya Muslims, Myanmar has found comfort in an old friend –- China, an Asian superpower whose unflinching support is tied to the billions it has lavished on ports, gas and oil in violence-hit Ra...

AI revolution will be all about humans, says Siri trailblazer

Hong Kong - It's 2050 and the world revolves around you.From the contents of your fridge to room temperature -- digital assistants ensure your home runs smoothly. Your screens know your taste and show channels you want to see as you enter the room.
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Economics


Economics Image

Reinhart  Schoenholtz  Coronado at the Economic Outlook Forum at NYU Stern on September 3  2014
Reinhart, Schoenholtz, Coronado at the Economic Outlook Forum at NYU Stern on September 3, 2014
A small pie chart showing off Russian exports in 2007.
A small pie chart showing off Russian exports in 2007.
Wikimedia Commons and eia.doe.gov
Coronado  Schoenholtz  Reinhart  and Backus at the Economic Outlook Forum at NYU Stern on September ...
Coronado, Schoenholtz, Reinhart, and Backus at the Economic Outlook Forum at NYU Stern on September 3, 2014
A map showing some areas of the world that were damaged by the recession.
A map showing some areas of the world that were damaged by the recession.
23prootie via Wikimedia
Two Americans Share 2011 Nobel Prize in Economics  Dr. Thomas J. Sargent of the New York University ...
Two Americans Share 2011 Nobel Prize in Economics, Dr. Thomas J. Sargent of the New York University and Dr. Christoper Sims from Princeton University, New Jersey.
Google images
Schoenholtz  Coronado  Reinhart  and Backus at the Economic Outlook Forum at NYU Stern on September ...
Schoenholtz, Coronado, Reinhart, and Backus at the Economic Outlook Forum at NYU Stern on September 3, 2014
Plutocrat  author and entrepreneur Nick Hanauer has warned that US wealth disparities are leading to...
Plutocrat, author and entrepreneur Nick Hanauer has warned that US wealth disparities are leading to a feudal society with revolution the inevitable outcome.
Nick Hanauer -
a weighty subject  a reminder of just how hard some people s heads and hearts really are. beautiful ...
a weighty subject, a reminder of just how hard some people's heads and hearts really are. beautiful to look at impossible to digest.
lichens hanging on for dear life  just like many seniors and others in the lower classes  against al...
lichens hanging on for dear life, just like many seniors and others in the lower classes, against all odds.
 The Age of Oversupply  overcoming the greatest challenge to the Global Economy   by Daniel Alpert w...
"The Age of Oversupply, overcoming the greatest challenge to the Global Economy," by Daniel Alpert was published last year and talks about issues facing the current global market.
Backus  Schoenholtz  Coronado  and Reinhart at the Economic Outlook Forum at NYU Stern on September ...
Backus, Schoenholtz, Coronado, and Reinhart at the Economic Outlook Forum at NYU Stern on September 3, 2014
The GDP of countries in South East Asia and Africa will be most affected by a 4 degree increase in g...
The GDP of countries in South East Asia and Africa will be most affected by a 4 degree increase in global temperatures, however the model (pictured) doesn’t include the effects of extreme weather, which will increase the impact in Australia, Europe and North America.
Professor Tom Kompas, University of Melbourne

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