The current world economy is dependent on cheap easily available resources and fossil energy. It generates waste and eats into the supply of finite resources which causes increases in prices. 134 more words
Tags » World Economy
BEIJING – China’s economic growth waned to a five-year low of 7.3% last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese leaders’ plans for a controlled slowdown. 706 more words
As if investors didn’t have enough to worry about, corporate earnings are now becoming a fear factor.
A spate of disappointing results in the past week have added to market volatility as traders grow concerned that the weak global economy is hitting corporate bottom lines. 456 more words
The Ebola virus used to seem like something far off in the wilds of Africa. But what began as a few isolated incidents over the past 40 years has recently spread across multiple countries in West Africa, killing over 4,500 people to date. 482 more words
Source: The Telegraph, by Ambrose Evans-Pritchard
Combined tightening by the United States and China has done its worst. Global liquidity is evaporating.
What looked liked a gentle tap on the brakes by the two monetary superpowers has proved too much for a fragile world economy, still locked in “secular stagnation”. 186 more words
IT’S STARTING: RUSSIANS AND CHINESE ARE DITCHING THE DOLLAR AND EUROPEANS ARE USING RENMINBI IN THEIR RESERVES
My trade union is engaged in a long term fight against Amazon for half-way tolerable pay and working conditions in its distribution centres in Germany. Basic stuff like trade union representation or even a works council, reasonable breaks, being paid for the time spent while standing in line for security checks. 897 more words