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Economy News

Macron 'inflexible' on opposition to Nokia job cuts

Paris - French President Emmanuel Macron on Friday told Finnish Prime Minister Juha Sipila of his "total inflexibility" to plans by telecoms giant Nokia to cut nearly 600 jobs in France.

US, EU sign deal to streamline insurance regulation

Washington - Authorities from the United States and the European Union will sign an agreement Friday that was 20 years in the making to streamline regulations on international insurance and reinsurance companies, and free up capital for investments.

China hits back at S&P's 'mistaken' credit downgrade

Bejing - China on Friday lashed out at the decision by Standard & Poor's to downgrade the country's credit rating, calling the warning against ballooning debt "mistaken" and based on "cliches" about its economy.

Op-Ed: Inaction on the opioid crisis is killing people and our economy

How many more people need to die before we realize federal and state governments have not been doing much to help stem what has become an epidemic that is now affecting our economy, job growth and legal system?

China's debt downgraded by second ratings agency

Bejing - Standard & Poor's slashed China's credit rating on Thursday over warnings that its ballooning debt had raised "economic and financial risks", marking the country's second downgrade this year.

Argentina eager to meet EU biodiesel demand after WTO ruling

General Lagos - Production is back at full capacity in Argentina's brimming biodiesel plants, producers say, after the WTO upheld Buenos Aires' complaints against European Union anti-dumping duties following a four-year battle.

Brazil's economy needs your prayers: minister

Rio De Janeiro - Brazil's economy has taken such a battering that veteran Economy Minister Henrique Meirelles wants serious help: your prayers.

Spain warns Catalonia faces 'brutal' impoverishment if it leaves

Madrid - Catalonia would suffer "brutal" impoverishment if it splits from Spain, with a deep plunge in its economic output, Spain's economy minister warned Monday ahead of a disputed independence referendum in the region.

Op-Ed: 'Raw Deal' Author says tech does need oversight and regulation Special

San Francisco - As the housing crisis in places like the San Francisco Bay Area continues to place pressure on legislators and city planners, one prominent journalist-author sees technology and unbridled capitalism as a dangerous, perhaps 'demonic mix.'

Businesses need to assess and disclose climate change risks

Extreme weather events not only disrupt the economy but have a major impact on the operating and financial performance of businesses worldwide. However, risk management and disclosure of climate risks can only take place when the risks are defined.

Rebuilding tourism after Irma, an epic task for islands

Marigot - It's been over a week since hurricane Irma ripped through the Caribbean -- but for paradise islands overwhelmingly dependent on the tourist trade, the damage is far from over.

No milk, sugar: Venezuelans lose prized ice cream to crisis

M - The Coromoto ice cream parlour had it all - chocolate and vanilla for sure, though also garlic, avocado and even octopus sorbets... but the things you can't find in Venezuela any more, like milk and sugar, means the landmark has had to close for good.

Plummeting aid worsening Palestinian crises: UN

Geneva - A sharp fall in international aid reaching the Palestinian territories due in part to Israel's occupation is worsening humanitarian and economic crises in Gaza and the West Bank, the UN's development agency said Tuesday.

New UN sanctions on North Korea: what do they mean?

Seoul - The UN Security Council has unanimously adopted new sanctions on North Korea, including restrictions on oil shipments, to punish Pyongyang for its sixth and largest nuclear test.

China's FM to visit Panama under new diplomatic ties

Panama - Chinese foreign minister Wang Yi will visit Panama at the end of this week, according to officials -- three months after the countries established diplomatic ties at the expense of Taiwan.

Economic cost of Harvey, Irma could be $290 bn: forecaster

Washington - The combined economic cost of Hurricanes Harvey and Irma could reach $290 billion, equivalent to 1.5 percent of the US gross domestic product, US forecaster AccuWeather said in a report Sunday.

China export growth slows in August on weak demand

Bejing - Chinese export growth slowed in August, official data showed Friday, missing forecasts expectations as weak global demand weighs on the world's second largest economy.Exports rose 5.

IMF should show 'good faith' in Greek bailout talks: Macron

Atenas - The IMF should show "good faith" and avoid making excessive demands of Greece should it choose to participate in the Greek rescue programme's remaining 11 months, French President Emmanuel Macron said Wednesday.

Ageing populations will drag on growth in Asia: IMF chief

Seoul - The chief of the International Monetary Fund warned Thursday that ageing populations in key Asian economies will drag on their growth, urging policymakers to step up their response to shifting demographics.

Pacific islands can't tackle climate change alone: World Bank

Apia - Climate change will hit the Pacific harder than anywhere else on Earth and the region's tiny island nations need major international aid to deal with the challenge, the World Bank said Thursday.

Poland warns multi-speed Europe could spawn 'more Brexits'

Varsovia - Polish President Andrzej Duda on Tuesday warned that a multi-speed Europe could spawn "more Brexits" and the breakdown of the EU, after powerful eurozone members like France and Germany backed the model.

Debt, sanctions and disrepair: Venezuela's oil sector in agony

Caracas - After decades of being Venezuela's cash cow, the state oil company PDVSA is a ragged shadow of its former self: overburdened, underfed, and in hock to Russian and Chinese creditors.The woes of the group, whose full name is Petroleos de Venezuela S.A.

Top US business group in S.Korea backs FTA, warns over pull-out

Seoul - The biggest foreign business group in South Korea said Tuesday it supported a trade deal between Seoul and Washington that US President Donald Trump has threatened to abandon, warning of a "damaging effect" on the economy if it is scrapped.

BRICS leaders 'strongly deplore' N.Korea nuclear blast

Xiamen - Leaders of the BRICS grouping of emerging economies said Monday they "strongly deplore" North Korea's latest nuclear test and hydrogen-bomb claim, which has overshadowed the five-nation group's annual summit.

BRICS meets in shadow of North Korea bombshell

Xiamen - Chinese President Xi Jinping on Monday opens an annual summit of BRICS leaders that already has been upstaged by North Korea's latest nuclear weapons provocation.

Common ground in short supply as China hosts BRICS

Xiamen - Chinese President Xi Jinping on Sunday acknowledged growing doubts over the relevance of the five-nation BRICS bloc of large emerging economies but called for the group to stick together even after China's tense border row with fellow member India.

In S.Africa, Zuma's scandals ensnare his ambitious son

Johanesburg - A long-running corruption scandal in South Africa has embroiled President Jacob Zuma, senior ministers and the wealthy Indian Gupta brothers -- but now Zuma's own son has taken centre-stage.

Saudi Arabian 'honesty' app takes internet by storm

Riyadh - Fizzing with boyish exuberance, Saudi programmer Zainalabdin Tawfiq could be mistaken for a college freshman, but the popularity of his "honesty" app has shone a spotlight on the conservative kingdom's nascent tech scene.

Common ground in short supply as China hosts BRICS

Xiamen - The five BRICS nations hold their annual summit in China on Monday under the shadow of a Sino-Indian border spat and growing questions about the grouping's relevance.

Pressure mounts on Trump to keep migrant amnesty

Washington - Pressure mounted on President Donald Trump not to end an amnesty for people brought to the United States illegally as children, with Republican allies and the CEOs of major US firms from Amazon to General Motors urging compassion Friday.
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Pudong  China s financial and commercial hub  situated in Shanghai.
Pudong, China's financial and commercial hub, situated in Shanghai.
Wikipedia
millenials by the numbers
millenials by the numbers
From http://blog.k12.com/
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
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
Along with the closeout merchandise and surplus merchandise markets  the returned merchandise and li...
Along with the closeout merchandise and surplus merchandise markets, the returned merchandise and liquidation industry generates over $100 billion dollars in revenue annually.
US GDP  2010 to 2012
US GDP 2010 to 2012
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
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
Occupy London: The piazza of St Paul’s Cathedral
Occupy London: The piazza of St Paul’s Cathedral
Eman Jueid / Aslan Media
Berlin:  We are the Champions
Berlin: "We are the Champions"
Geithner to leave in consideration of family.
Geithner to leave in consideration of family.
Eurozone is lost in translation as EU collapses
Eurozone is lost in translation as EU collapses
For sale sign
For sale sign
Diana Parkhouse
President Obama delivers his State of the Union address at the U.S. Capitol  D.C.
President Obama delivers his State of the Union address at the U.S. Capitol, D.C.
Lawrence Jackson / White House
The economic divide in Cabbagetown.
The economic divide in Cabbagetown.
The French Stock Market (La Bourse) in Paris
The French Stock Market (La Bourse) in Paris
Sebche on Flick'r
Sen. Hatch  left  enjoys some Ogden chili.
Sen. Hatch, left, enjoys some Ogden chili.
Hatch DC office
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
Comparison of debt in countries with the Euro as currency
Comparison of debt in countries with the Euro as currency

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