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Economy News

Zimbabwe deploys security forces over banned march

Bulawayo - Troops and police deployed in force in Zimbabwe's second city of Bulawayo on Monday in a bid to deter a planned opposition march, three days after brutally dispersing a banned protest in the capital Harare.

Kabul's glitzy wedding industry fears for future after attack

Kabul - For years, as violence raged through Afghanistan, lavish weddings offered a rare opportunity for celebration, but now even that is under threat after last weekend's deadly attack on a party venue sent shock waves through one of Kabul's key industries.

Easy credit poses tough challenge for Russian economy

Moscow - New machines popping up in Russian shopping centres seem innocuous enough -- users insert their passport and receive a small loan in a matter of minutes.

Zimbabwe police beat protesters defying regime 'worse than Mugabe'

Harare - Riot police in Zimbabwe on Friday fired teargas and beat demonstrators who defied a protest ban, as the opposition accused President Emmerson Mnangagwa's government of surpassing Robert Mugabe's regime in brutality.

Indonesian leader pledges to move capital city, boost economy

Jakarta - Indonesian President Joko Widodo said Friday he would press on with plans to move the nation's capital and roll out measures to kickstart Southeast Asia's biggest economy as it feels the sting of slowing global growth.

Argentine peso halts slide, closes up more than 4%

Buenos Aires - Argentina's peso halted its slide Thursday, closing up more than four percent following three days of sharp declines as President Mauricio Macri grappled with a crushing political defeat. The rebound, which left the peso at 59.

Argentine peso rebounds after presidential rivals call for calm

Buenos Aires - Argentina's peso regained 7.41 percent of its value against the dollar as markets opened on Thursday following three days of sharp declines as President Mauricio Macri grappled with a crushing political defeat.The rebound, which left the peso at 57.

Argentine president announces salary hikes, tax cuts, after poll setback

Buenos Aires - Argentine President Mauricio Macri announced plans for salary hikes and tax cuts Wednesday after voters turned resoundingly against his austerity policies, sparking days of economic turmoil.

German Q2 contraction fires calls to boost public spending

Frankfurt Am Main - Germany's economy contracted in the second quarter, figures showed Wednesday, highlighting its vulnerability to trade tensions and stoking a debate on higher government spending.At minus 0.

Argentine peso on roller coaster after Macri defeat

Buenos Aires - Argentina's peso slipped further against the dollar Tuesday while the stock market partially recovered as South America's third-largest economy continued to take a pummeling in the wake of pro-business President Mauricio Macri's crushing defeat in part...

Argentine peso on roller coaster after Macri defeat

Buenos Aires - Argentina's peso slipped further against the dollar Tuesday while the stock market partially recovered as South America's third-largest economy continued to take a pummeling in the wake of pro-business President Mauricio Macri's crushing defeat in part...

Macri predicts worse to come as Argentine peso, stock exchange plunge

Buenos Aires - Pro-business President Mauricio Macri predicted worse would follow after Argentina's peso and the Buenos Aires stock exchange plummeted Monday following his crushing defeat by populist candidate Alberto Fernandez in a party primary election.

S. Korea tightens export controls on Japan in trade row

Seoul - South Korea on Monday put Japan into its own new export category as President Moon Jae-in called Tokyo's latest measures "very serious", intensifying a trade war between the two neighbours and US allies.

Brazil ex-billionaire Batista out of jail: officials

Rio De Janeiro - Once one of the world's richest men, Brazilian entrepreneur Eike Batista was out of jail Sunday after having been detained for violating terms of his house arrest, prison officials said."He went out Saturday night," a prisons spokesperson told AFP.

French industry hits the beach to woo future recruits

Deauville - A few steps from the sea in the Normandy resort of Deauville, a group of curious holidaymakers in flip-flops and beach garb pepper a technician with questions as he extols the capabilities of a cutting-edge 3D modelling machine.

Brazilian judge orders release of ex-billionaire Batista

Rio De Janeiro - A Brazilian judge ordered the release of ex-billionaire Eike Batista late Saturday after he was detained for violating the terms of his house arrest, local media reported.

Tourism in trouble: Hong Kong demos hit economy

Fpo - Empty hotel rooms, struggling shops and even disruption at Disneyland: months of protests in Hong Kong have taken a major toll on the city's economy, with no end in sight.

Brazil ex-billionaire re-arrested in corruption probe

Rio De Janeiro - Brazilian ex-billionaire Eike Batista, who has been under house arrest pending an appeal of a 30-year jail sentence, was arrested again on Thursday as part of a sprawling corruption probe, officials said.

PNG backtracks on China debt refinancing statement

Sydney - Papua New Guinea Prime Minister James Marape has backtracked on an announcement saying he had asked China to refinance the country's $8 billion debt, insisting the statement was released without his knowledge.

Congo's bread basket struggles to recover from conflict

Mongoumba - "The trains are running again. We have peace," says Didier, the station master at Mindouli, in the Republic of Congo's southern region of Pool.

The real cost of Trump's rollback of clean car standards

The Trump administration’s push to freeze existing federal fuel economy and greenhouse gas (GHG) emissions standards will cost consumers up to $400 billion through 2050 and raise GHG emissions 10 percent.

US, Britain back rapid trade deal post-Brexit

Washington - The top US and British diplomats said Wednesday they were prepared to move "as soon as possible" on a trade deal after Britain's planned withdrawal from the European Union on October 31.

British ministers in US to 'fast-track' post-Brexit trade deal

Washington - Britain was seeking to fast-track a crucial post-Brexit trade deal with the United States on Wednesday after new Prime Minister Boris Johnson dispatched his top diplomat and foreign trade minister to Washington.

British ministers in US to 'fast-track' post-Brexit trade deal

Washington - Britain was seeking to fast-track a crucial post-Brexit trade deal with the United States on Wednesday after new Prime Minister Boris Johnson dispatched his top diplomat and foreign trade minister to Washington.

PNG asks China to refinance $8bn public debt

Port Moresby - Papua New Guinea has asked Beijing to refinance its $8 billion debt, in a request likely to rile Australia and the US as they try to maintain their influence in the Pacific in the face of a rising China.

Trump defends China trade policy

Washington - US President Donald Trump defended Saturday his hardline trade policy against China, arguing that the tariffs he imposed are bringing in "billions" from the Beijing government."Things are going along very well with China.

No-deal Brexit an 'instantaneous' shock to economy: Carney

London - Bank of England governor Mark Carney on Friday warned that a no-deal Brexit would be a shock for Britain, causing supply disruption and potentially undermining entire sectors of the economy such as the car industry and farming.

China vows to strike back at US tariffs threat

Bejing - The trade war between the United States and China escalated on Friday as Beijing threatened to unleash "countermeasures" against US plans to impose tariffs on $300 billion in Chinese goods.

Ecuador cracks down on illegal mining to transform economy

La Carolina - In a desolate area of Ecuador's northern Andes, dozens of electricity generators are cordoned off by yellow crime scene tape as armed security forces keep watch.

US to slap 10% tariff on $300 bn more in Chinese goods: Trump

Washington - President Donald Trump announced Thursday he will hit China with punitive tariffs on another $300 billion in goods, escalating the trade war after accusing Beijing of reneging on more promises.
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Polus-Tec Pre-cut plant  on the outskirts of Tokyo imports wood from all over the world and is fully...
Polus-Tec Pre-cut plant, on the outskirts of Tokyo imports wood from all over the world and is fully automated in delivering "pre-cut" beams in Japan's post and beam housing sector. It represents a potential growth opportunity to use hemlock from B.C.'s coast. The plant was visited by delegates on the 2018 Forestry Asia Trade Mission. Japan is B.C.'s third largest market for B.C. wood products.
BC Council of Forest Industries
Comparison of debt in countries with the Euro as currency
Comparison of debt in countries with the Euro as currency
For sale sign
For sale sign
Diana Parkhouse (CC BY 2.0)
millenials by the numbers
millenials by the numbers
From http://blog.k12.com/
The economic divide in Cabbagetown.
The economic divide in Cabbagetown.
Berlin:  We are the Champions
Berlin: "We are the Champions"
Russian President Vladimir Putin has forecast the economy will bounce back 1.4 percent in 2017
Russian President Vladimir Putin has forecast the economy will bounce back 1.4 percent in 2017
Igor Ageyenko, AFP
Geithner to leave in consideration of family.
Geithner to leave in consideration of family.
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
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
US GDP  2010 to 2012
US GDP 2010 to 2012
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
An automated teller machine (ATM).
An automated teller machine (ATM).
Digital Journal
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.
Hawaii: APEC 2011
Hawaii: APEC 2011
APEC
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
Occupy London: The piazza of St Paul’s Cathedral
Occupy London: The piazza of St Paul’s Cathedral
Eman Jueid / Aslan Media
President Barack Obama greets Rep. Gabrielle Giffords  D-Ariz.  as he arrives on the floor of the Ho...
President Barack Obama greets Rep. Gabrielle Giffords, D-Ariz., as he arrives on the floor of the House Chamber to deliver the State of the Union address at the U.S. Capitol in Washington, D.C., Jan. 24, 2012
Pete Souza / White House

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