Pope Francis asks business leaders to be more open and inclusive
In a message to delegates at the 44th World Economic Forum Annual Meeting in Davos-Klosters, Switzerland, Pope Francis urged business and political leaders to...
85 richest people own the same wealth as 3.5 billion
A tiny elite, the 85 richest people in the world, own the wealth shared by almost half of the world’s population, says charity organization...
Chinese economy grew by 7.7% in Q4 2013
During the fourth quarter of 2013 the Chinese economy grew by 7.7%, matching 2012’s growth rate and showing signs of stabilizing, the National Bureau...
UK Real wages set to rise
After a decade of weak earnings growth, low productivity and years of high inflation, Ben Broadbent, an external member of the Monetary Committee of...
2013 German current account surplus a world record
The German current account surplus for 2013, likely to have exceeded €200 billion ($270 billion) in 2013, was a world record.
The country exported a...
US December industrial production rose 0.3%
US December industrial production increased by 0.3% compared to November, its fifth successive monthly rise, according to the Federal Reserve (Fed) today. The index...
Widening wealth gap a growing global problem
The widening wealth gap – the difference in incomes between the richest and poorest individuals - is a risk that has the potential to...
2014 breakout year for the United States
The Economic Advisory Committee of the American Bankers Association says that 2014 will be a breakout year for the country, as the fiscal drag...
December Consumer Price Index rose 0.3, fastest gain in 6 months
The US December Consumer Price Index (CPI) had its largest increase in six months, according to the Labor Department. The CPI rose 0.3% after...
Global deflation is rising risk, says IMF’s Christine Lagarde
Even though things look promising for the world economy, global inflation is a rising risk, IMF Managing Director Christine Lagarde warned in Washington D.C....