Economy

UK retail sales experience continued decline

Food sales fell 1.9% in March from February, the biggest decline since January 2014. UK retail sales fell for a second month in March as consumers bought less of everything from food to clothing. The volume of sales dropped 1.3 per cent from February, far more than the 0.1… Source: UK retail sales experience continued decline Read More »

Serbian prime minister plans new privatisation push after election

NOVI PAZAR, Serbia (Reuters) – Serbian Prime Minister Aleksandar Vucic plans a new push to privatise loss-making state firms if he wins Sunday’s election and will do everything needed to secure IMF approval for his economic policies, he told Reuters in an interview. Croft… Source: Serbian prime minister plans new privatisation push after election – World | The Star Online Read More »

The Guardian view on Dilma Rousseff’s impeachment: a tragedy and a scandal

Editorial: Nothing is clear in Brazil’s murky political crisis, except that the country will suffer the consequences for a long time to come.. Ever since Stefan Zweig, writing in 1941, dubbed it “the land of the future”, Brazil has been reproached for failing to live up to the promise that its size, its… Source: The Guardian view on Dilma Rousseff’s impeachment: a tragedy and a scandal | Editorial | Opinion | The Guardian Read More »

Robert Reich: Why We Should Tax Those Who Speculate on Stocks

This article first appeared on RobertReich.org. Why is there so little discussion about one of Bernie Sanders’s most important proposals—to tax financial speculation? Buying and selling stocks and bonds in order to beat others who are buying and selling stocks and… Source: Robert Reich: Why We Should Tax Those Who Speculate on Stocks Read More »

New report shows 100% renewable by 2030 can save Australia money

A new report from the Institute for Sustainable Futures in Sydney says a rapid transition to a 100 per cent renewable energy system can save Australia money – with avoided fuel costs to quickly offset the extra capital expenditure of building wind, solar and other renewable energy installations. “The transition to a 100 per cent renewable energy system by 2050 is… Source: New report shows 100% renewable by 2030 can save Australia money : Renew Economy Read More »

11 things you need to know about George Osborne’s Brexit warning

‘You can’t have your cake and eat it,’ the U.K. chancellor warns the Leave camp.. LONDON — David Cameron’s battle to keep Britain in the European Union rests on convincing voters that the risks to the economy from leaving far outweigh any… Source: 11 things you need to know about George Osborne’s Brexit warning – POLITICO Read More »

Britain ‘killed’ in trade talks if it left EU, says French minister

Major powers such as China would have little interest in negotiating with the UK outside the EU, claims Emmanuel Macron.. Britain would be “completely killed” in global trade negotiations if it voted to leave the EU because it would be reduced to the status of Jersey and… Source: Britain ‘killed’ in trade talks if it left EU, says French minister | Politics | The Guardian Read More »

IMF countries vow to boost slowing world growth

Key countries in the International Monetary Fund (IMF) pledge to pursue “growth-friendly” policies to kickstart the slowing world economy.. The IMF’s steering committee, made up of 25 of the world’s largest economies, said the global outlook was fraught because of weak trade and a series of risks… Source: IMF countries vow to boost slowing world growth – BBC News Read More »

Neoliberalism – the ideology at the root of all our problems

Financial meltdown, environmental disaster and even the rise of Donald Trump – neoliberalism has played its part in them… George Monbiot The Guardian Why has the left failed to come up with an alternative? Imagine if the people of the Soviet Union had never heard of… The ideology that dominates our lives has, for most of us, no… Neoliberalism – the ideology… Read More »

In Brexit Debate, English Fishermen Eye Waters Free of E.U.

BRIXHAM, England — Mike Walker, a retired fisherman here, sums up what many in this southern English port town think of the European Union. Britain’s membership in the 28-nation union has encouraged France, Spain, the Netherlands and “the rest of them lot” to “come rape our waters,” Mr. Walker… Source: In Brexit Debate, English Fishermen Eye Waters Free of E.U. – The New York Times Read More »

Europe’s last coal mines struggle for lifelines

Producers in the Czech Republic, Poland and Romania try to stay afloat as losses mount.. Some of Europe’s last remaining coal producers, in the Czech Republic, Romania and Poland, are grasping for government support to keep from going under and taking thousands of jobs with them… Source: Europe’s last coal mines struggle for lifelines – POLITICO Read More »

How did it go wrong for Dilma Rousseff?

It was only a year and a half ago that 54.5 million Brazilians went to the polls to re-elect Dilma Rousseff in one of the world’s largest democratic elections. She defeated a centre-right coalition of parties by a narrow margin and earned a mandate to carry on the legacy of the centre-left Workers’ Party, which has been ruling Brazil since… Source: How did it go wrong for Dilma Rousseff? – BBC News Read More »