Pay workers more, says CBI, UK
John Cridland, head of the CBI (Confederation of British Industry), says British companies should pay workers more and offer them better opportunities so that...
Chinese local government debt nearly $3 trillion
Chinese local government debt has increased by 67% over the last 3 years to $2.95 trillion (17.9 trillion yuan).
A much higher level than...
Millions of Americans will lose their unemployment benefits
Millions of Americans will be losing their unemployment benefits.
Lawmakers in Congress failed to extend an emergency federal program for the jobless assistance scheme.
The jobless assistance scheme...
France implementing 75 percent tax on the rich
France has just approved a policy proposed by President Francois Hollande's to implement a 75 percent tax on high earners. The policy has been...
Japanese consumer prices rise
Japanese consumer prices have increased at their fastest rate since 2008, confirming that Abenomics may be finally curing the country of more than twenty...
The European economy going into 2014
The Eurozone banking union deal gives the European economy a positive ending to 2013. According to The Conference Board, the deal will help the...
US GDP growing 4.1% annually
US GDP grew at 4.1% annual rate during the third quarter of 2013, according to a third estimate released by the Bureau of Economic...
Much of global food production may have peaked
About 30% of global food production of major cereal crops may have reached top possible yields in farmers’ fields, says a new study carried...
UK economy growing faster than expected, but deficit high
The UK economy is growing faster than expected, in spite of fears that underlying weaknesses still linger.
According to the Office for National Statistics, UK...
European Union credit rating slips from AAA
European Union credit rating with Standard and Poor’s slipped from AAA to AA+. After taking into account the deteriorating creditworthiness of several EU Member...