Ukraine crisis and its economic implications
What can the United States and its allies do about the Ukraine crisis? Sending in troops into Russia’s backyard is out of the question.
Placing...
US consumer spending strong rise in January
US consumer spending in January increase more than expected, largely driven by a higher demand for heating, according to figures published by the Bureau...
Bill Gates wealthiest person in the world again
Bill Gates is again the wealthiest person worldwide, regaining the top spot from Mexico’s telecommunications magnate, Carlos Slim. Gates’ total net worth is currently...
Berkshire Hathaway record $19.5bn profit
Warren Buffet’s investment company Berkshire Hathaway reported record profits of $19.5bn for 2013, compared to $14.8 billion the year before. Even so, in the...
Airlander – the world’s longest aircraft unveiled
A 302 foot aircraft, the Airlander (HAV304), part helicopter, airplane and airship has been unveiled in England, in what the developers call a potential...
Indian GDP growth slows to 4.7%
Indian GDP growth slowed to 4.7% in the last quarter of 2013, according to the country’s Central Statistics Office.
Economists had been expecting a much...
Retirement outlook still beyond reach for many American seniors
Although the retirement outlook has improved slightly for many full-time American employees reaching the end of their careers, it is still beyond the reach...
Currency manipulation costs jobs
If currency manipulation were halted globally, the US deficit would be significantly reduced, 5.3 million jobs would be created over a period of three...
US GDP growth rate revised down
The US GDP growth rate during the last quarter of 2013 was 2.4% annualized, much lower than the preliminary 3.2% estimate, says the Bureau...
Global economic outlook good, despite risks in some emerging markets
The global economic outlook for 2014 is of strong growth, despite concerns regarding financial risks in China and volatility in some emerging markets following...