Economy

Refugees can offer economic boost to their host countries

Refugees are often considered an economic burden for the countries that take them in, but a new study conducted by UC Davis with the United Nations World Food Program indicates that refugees receiving aid—especially in the form of cash—can can give their host country’s economy a substantial boost. The researchers found that these economic benefits significantly exceeded the amount of the donated aid. The findings come as refugee numbers around the world are growing. In 2015, an estimated 15.1 million ... Read More »

Germany supports Russia’s initiative on Nord Stream-2 — Russian Energy Minister

Germany supports Russia’s initiative on the implementation of the Nord Stream-2 project, Russian Energy Minister Alexander Novak told reporters, TASS reported. “Germany supports the Russian initiative on Nord Stream (2),” the Minister said. He added that the project fully complies with the European legislation… Source: Germany supports Russia’s initiative on Nord Stream-2 — Russian Energy Minister Read More »

3 Reasons China Fears Brexit

China’s economic opportunities in Europe would vanish with Britain’s departure.. Ivan Lidarev No doubt, the United States stands to lose a great deal from a Brexit. In recent months, countless commentators, as well as the Obama administration, haveemphatically made this point. But few analysts have noted that the same holds true for China. Britain’s departure from the EU would be a costly economic and political blow to China, which worries Beijing. Thus, China has quietly but… Source: 3 Reasons China ... Read More »

Premarket: Sell-off abates as Brexit opinion seen shifting

Shares, oil and bond yields rose on Friday after a tumultuous week and as campaigning for Britain’s EU membership vote next week was suspended after the killing of a pro-”Remain” politician. European bourses rebounded 1.5 per cent after a third straight week of falls and bond markets saw benchmark 10-year German bond yields claw back up to the zero mark as risk appetite slowly began to return… Source: Premarket: Sell-off abates as Brexit opinion seen shifting – The Globe and ... Read More »

As victims pile up, the binary options industry parties in Cyprus

Passing the buck, blaming the clients, and dancing gangster-style: Behind the scenes at the scandal-wracked industry’s annual festive get-together.. LIMASSOL, Cyprus — The first person I met at the IFX Expo, an annual summit for the binary options and forex industry held at the Palais des Sports in this industrial Mediterranean port, was a prim Russian woman in her thirties who had recently taken a job with a binary options company in Israel… Source: As victims pile up, the binary ... Read More »

Neoliberalism – the ideology at the root of all our problems

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Financial meltdown, environmental disaster and even the rise of Donald Trump – neoliberalism has played its part in them all. Why has the left failed to come up with an alternative? Imagine if the people of the Soviet Union had never heard of communism. The ideology that dominates our lives has, for most of us, no name. Mention it in conversation and you’ll be rewarded with a shrug. Even if your listeners have heard the term before, they will struggle ... Read More »

Solar surge to leave large power companies in the shade

Smarter products and surging output from rooftop solar systems will keep a lid on the amount of power we buy from the grid… Source: Solar surge to leave large power companies in the shade Read More »

The economic shock of a ‘Brexit’

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By Sebastian Mallaby Sebastian Mallaby is a senior fellow at the Council on Foreign Relations and a Washington Post Global Opinions contributing columnist. He is an editor at InFacts.org, a website campaigning to keep Britain in the European Union. LONDON For the first time since the start of Britain’s referendum fight over Europe, the polls predict “Brexit.” The four most recent national surveys put the “Leave” side ahead with margins of between one and 10 percentage points. Most people, including ... Read More »

Global investors tell MSCI to give China A shares the thumbs down

NEW YORK–In what must feel like an epic smack down, MSCI denied China’s domestic equities entry into its benchmark indexes for the third time in as many years. Not that it should have… Source: Global investors tell MSCI to give China A shares the thumbs down – Asia Times Read More »

A brighter future: Can tourism help rebuild East Timor?

East Timor is counting on tourism to give a boost to its economy and hoping some of the nation’s darkest days will become part of a brighter future… Source: A brighter future: Can tourism help rebuild East Timor? – BBC News Read More »

Why small SMSFs are losing money: the $595b self-managed time bomb

Few rules, little protection and big pots of money. Is it time to put the leash on super?… Source: Why small SMSFs are losing money: the $595b self-managed time bomb Read More »

Gross says negative yields will lead to ‘supernova’-like market implosion

Government bond yields hit record lows, spook investors As yields on government bonds across the globe march toward fresh record lows, bond guru Bill Gross continues to sound the alarm. Early Friday, he tweeted via Janus Capital that global yields are their lowest in “500 years of recorded history.” The fixed-income expert, who manages the firm’s unconstrained bond strategy, cautioned that record-breaking low yields and negative interest rates emerging in places like Japan and parts of Europe could have… Source: ... Read More »

IMF Go Home

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Eurozone finance ministers and the IMF have agreed with Greece to begin providing some debt relief to the country, and to release $10.3 billion in bailout funds. But all parties would have been better off had the IMF been cut out of the deal, in favor of greater reliance on European loans… Source: IMF Go Home by Daniel Gros – Project Syndicate Read More »

Switzerland holds referendum on basic income

Swiss voters have overwhelmingly rejected a proposal to introduce a guaranteed basic income for all. Final results from Sunday’s referendum showed that nearly 77% opposed the plan, with only 23% backing it. The proposal had called for adults to be paid an unconditional monthly income, whether they worked or not. The supporters camp had suggested a monthly income of 2,500 Swiss francs (£1,755; $2,555) for adults and also SFr625 for each child… Source: Switzerland holds referendum on basic income – ... Read More »

Greek Leaks Expose IMF Chief Overruling Pro-Debt Relief IMF Negotiator

Securities lawyer Dimitri Lascaris says recent leaks to the press show that IMF Chief Lagarde forced her negotiator to give up the previously stated position to insist that creditors offer debt relief to Greece.. Recent press reports have revealed that International Monetary Fund chief Christine Lagarde forced her negotiator to renege on an agreement that would have provided debt relief to Greece. Eurozone finance ministers and the IMF appeared to reach a deal last week that would have cleared the ... Read More »

Japan temporarily bans live cattle exports from Australia over bovine Johne’s fears

Japan has temporarily stopped accepting live feeder and breeder cattle exports from Australia after a number of animals tested positive for bovine Johne’s disease… Source: Japan temporarily bans live cattle exports from Australia over bovine Johne’s fears Read More »