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Economy News

The illegal deliveryman who became one of China's richest men

Bejing - From making illegal cross-border deliveries to China in a minivan to buying a fleet of Boeing aircraft, the boss of SF Express has ridden a wave of online shopping to become one of the country's richest men.

Britain's new 12-sided pound coin enters circulation

London - Britain's new £1 coin with the symbols of England, Scotland, Wales and Northern Ireland goes into circulation from Tuesday on the eve of the launch of a Brexit process that has put national unity in doubt.

Chileans march to demand end to privatized pension system

Santiago - Thousands of people marched in major cities in Chile Sunday to demand an end to a privatized pension system put in place more than 35 years ago under the dictatorship of Augusto Pinochet.

First warning signs appear for UK's resilient economy

London - Britain's economy has for months defied the cataclysmic predictions made by campaigners for staying in the EU ahead of last year's referendum but its smooth run shows signs of hitting the skids.

Businesses cursed by 'devil's waters' of S. Korea ferry sinking

Susong - When South Korea's Sewol ferry sank three years ago killing more than 300 people, it also devastated businesses close to the wreck site. Now owners hope its salvage will herald a change in their fortunes.

Businesses cursed by 'devil's waters' of S. Korea ferry sinking

Susong - When South Korea's Sewol ferry sank three years ago killing more than 300 people, it also devastated businesses close to the wreck site. Now owners hope its salvage will herald a change in their fortunes.

Businesses cursed by 'devil's waters' of S. Korea ferry sinking

Susong - When South Korea's Sewol ferry sank three years ago killing more than 300 people, it also devastated businesses close to the wreck site. Now owners hope its salvage will herald a change in their fortunes.

Saving Cool Britannia image from Brexit bruise

London - Brexit challenges Britain's global image of openness and tolerance, but Cool Britannia has what it takes to avoid being suddenly rebranded as uncool just because it quits the EU, advertising professionals say.

Greek PM presses EU on labour rights amid fraught creditor talks

Atenas - Greek Prime Minister Alexis Tsipras on Friday called on EU leaders, who are among his country's creditors, to protect labour rights amid tough talks on the debt-hit nation's economy.

Germany wealth inequality gap 'growing wider'

Berlin - A growing gap between rich and poor in Germany could sap social cohesion in Europe's largest economy and most populous country, a government report warned Thursday.

Eurogroup chief regrets drinks remarks but won't quit

Brussels - Eurogroup chief Jeroen Dijsselbloem on Wednesday expressed "regret" over his comments that southern European countries blew their money on "drinks and women" but rejected calls to resign.

Hong Kong leader must cooperate with China: Li Ka-shing

Hong Kong - Hong Kong's richest man Li Ka-shing said Wednesday he would vote for the candidate who is willing to cooperate with Chinese authorities in the city's upcoming leadership vote.

Hong Kong leader must cooperate with China: Li Ka-shing

Hong Kong - Hong Kong's richest man Li Ka-shing said Wednesday he would vote for the candidate who is willing to cooperate with Chinese authorities in the city's upcoming leadership vote.

Hong Kong leader must cooperate with China: Li Ka-shing

Hong Kong - Hong Kong's richest man Li Ka-shing said Wednesday he would vote for the candidate who is willing to cooperate with Chinese authorities in the city's upcoming leadership vote.

Migrants, women left behind in human development: UN

Stockholm - Impressive advances have been made in human development over the past 25 years on many fronts, but ethnic minorities, refugees, migrants and women are being left behind, a United Nations report said on Tuesday.

New Zealand's 'green' image under threat: OECD

Wellington - New Zealand's strong economic growth is placing strains on the environment that threaten to undermine its "clean, green" reputation, the Organisation for Economic Co-operation and Development (OECD) warned Tuesday.

Bill Gates again world's richest man, Trump slips

New York - Microsoft co-founder Bill Gates once again topped the Forbes magazine list of the world's richest billionaires, while US President Donald Trump slipped more than 200 spots, the magazine said Monday.

US communities crumbling under an evolving addiction crisis

Washington - Of the 2,900 babies born last year in Cabell County, West Virginia, 500 had to be weaned off of opioid dependence.In Ohio, counties are renting refrigerated trailers to store the mounting number of bodies of drug overdose victims.

Venezuela has a 'let them eat cake' moment

Caracas - After living through shortages of water, electricity, medicine, banknotes and beer, Venezuelans are now struggling to find one of the most basic foodstuffs of all, unleashing what President Nicolas Maduro has dubbed the "Bread War.

S&P upgrades Russia outlook to positive

Paris - The Standard and Poor's agency raised its outlook for Russia's credit rating to "positive" from "stable" on Friday, citing improving growth prospects and a lower risk of large capital outflows.

Assets in Panama banks reach record level despite 'Panama Papers'

Panama - Banks based in Panama managed a record level of assets last year -- $121 billion -- despite fallout from the "Panama Papers" scandal, an industry body in the Central American country said Thursday.

Iceland booming but no crash in sight, central banker says

Reykjav - Iceland's economy is booming and may overheat but there will be no repeat of the crash that plunged the country into a major financial crisis in 2008, central bank governor Mar Gudmundsson told AFP in an interview.

Anti-austerity protests break out across Brazil

S - Demonstrators occupied Brazil's finance ministry, flooded the center of Sao Paulo and went on strike in a string of cities on Wednesday to protest reforms to the cash-strapped country's pension system.

Anti-austerity protests break out across Brazil

Bras - Demonstrators occupied Brazil's finance ministry, flooded the center of Sao Paulo and went on strike in a string of cities on Wednesday to protest reforms to the cash-strapped country's pension system.

Poland clears airport plan for takeoff

Varsovia - Poland's government approved Wednesday plans to build a large new airport outside the capital Warsaw that it hopes could become a passenger and cargo hub for central and eastern Europe.

LuxLeaks whistleblowers get reduced sentences

Luxembourg - A Luxembourg court on Wednesday gave reduced sentences on appeal to two "Luxleaks" whistleblowers convicted of leaking thousands of documents that revealed tax breaks for multinational firms.

Forced to flee war, Nepali women cycle out of poverty

Birendranagar - At the break of dawn each day, dozens of women forced to flee their homes during Nepal's decade-long civil war load their bicycles with vegetables and head to market.

Forced to flee war, Nepali women cycle out of poverty

Birendranagar - At the break of dawn each day, dozens of women forced to flee their homes during Nepal's decade-long civil war load their bicycles with vegetables and head to market.

Forced to flee war, Nepali women cycle out of poverty

Birendranagar - At the break of dawn each day, dozens of women forced to flee their homes during Nepal's decade-long civil war load their bicycles with vegetables and head to market.

Ivanka Trump is exception to dad's 'Buy American' rule

Bejing - In his January inauguration speech, US President Donald Trump made a seemingly straightforward pledge: "We will follow two simple rules: buy American and hire American.
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The French Stock Market (La Bourse) in Paris
The French Stock Market (La Bourse) in Paris
Sebche on Flick'r
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
Eurozone is lost in translation as EU collapses
Eurozone is lost in translation as EU collapses
US GDP  2010 to 2012
US GDP 2010 to 2012
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
UK - London: Occupy London  2012
UK - London: Occupy London, 2012
xpgomes9
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
The economic divide in Cabbagetown.
The economic divide in Cabbagetown.
Republicans just can t seem to find it in themselves to share the nation s enthusiasm over the recov...
Republicans just can't seem to find it in themselves to share the nation's enthusiasm over the recovery.
Department of Labor
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
Occupy London: The piazza of St Paul’s Cathedral
Occupy London: The piazza of St Paul’s Cathedral
Eman Jueid / Aslan Media
millenials by the numbers
millenials by the numbers
From http://blog.k12.com/
Sen. Hatch  left  enjoys some Ogden chili.
Sen. Hatch, left, enjoys some Ogden chili.
Hatch DC office
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
Pudong  China s financial and commercial hub  situated in Shanghai.
Pudong, China's financial and commercial hub, situated in Shanghai.
Wikipedia
Obama addresses Congress - State of the Union Address 2013
Obama addresses Congress - State of the Union Address 2013
Chuck Kennedy / White House
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.
Geithner to leave in consideration of family.
Geithner to leave in consideration of family.

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