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Economics News

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.

Op-Ed: Nuclear power is losing ground but it still needs our support

Nearly a decade ago, planning began for two new nuclear power plants in eastern Georgia. But as of this week, the two plants have yet to be built, and another pair of utilities in South Carolina canceled construction on two nuclear reactors.

The realities of scarce water resources around the globe

Water is the one resource that all life on Earth needs to survive - That's a fact. However, water has taken on a greater role, and not just in the political and economic scheme of things, but in how it is intertwined into the very fabric of our lives.

'Disintegrating' EU has nothing to celebrate: Varoufakis

Rome - The EU is falling apart so quickly it might not last another decade, Greece's former finance minister Yanis Varoufakis said Friday as leaders descended on Rome for the bloc's 60th birthday party.

Fantasy league aims to lure US students to economics

Washington - Have you needed to use your high school chemistry recently? Anyone asked you lately who won the US-British war of 1812? Probably not. But have you taken out a loan to purchase a car or a house or go to college? Looked for a job? Got a credit card?

Secret lives of wasps revealed by biologists

New social patterns relating to the social behaviors of wasps have been revealed. Biologists have found that wasps have trading partners and compete for the 'best trade deals.

Author John Perkins points to 1976 as pivotal year economically Special

No doubt, the U. S. economy is on everyone's mind now that the presidential election is over. Yet as author John Perkins noted, "the fact that someone outside the status quo was elected, says people want change."

Italy row with Brussels escalates, PM lashes 'diktats'

Rome - Italian Prime Minister Matteo Renzi lashed out Tuesday over Brussels' "diktats" in the latest attack on the European Commission ahead of a referendum that could decide his political future.

Economics Nobelist Holmstrom: CEO pay 'just a mess'

Washington - Bengt Holmstrom, the Finnish economist whose contract theory research earned him a Nobel economics prize Monday, said that executive compensation has gotten out of hand, and contributed to the collapse of Enron Corp.

'Contract theory' earns pair Nobel Economics Prize

Stockholm - Two US-based academics won the Nobel Economics Prize on Monday for groundbreaking research on contract theory that has helped design insurance policies, executive pay and even prison management.

World Bank's top economist tipped for Nobel

Stockholm - The World Bank's new chief economist is among those tipped to win the Nobel Economics Prize on Monday, as the awards season moves into a second week.

Lancome concert cancellation good for business: Chinese media

Bejing - Cosmetics giant Lancome showed "wisdom" in cancelling a Hong Kong concert featuring a local activist, a nationalistic Chinese paper said Tuesday, warning that political disagreements with the mainland made for bad business.

Nigeria must devalue its currency to aid ailing stock market

Nigeria must devalue its currency in 2016, according to international investors and ratings agencies. The country's currency, the naira, is heavily protected.

Abandon coal, oil or face climate disaster, Davos experts warn

Davos - Humanity must stop burning coal, oil and gas to power the global economy or face an irreversible climate catastrophe, scientists, business chiefs and analysts warned at an elite gathering in the Swiss Alps.
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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.
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
 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.
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 -
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
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
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 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
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
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
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
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.