Finance

Positive UK data may put pause on deficit reduction

GDP figures means post-Brexit vote recession and further interest rate cut look more unlikely giving chancellor wriggle-room to pause planned cuts Larry Elliott It is still early days, but the UK economy should avoid the immediate post-Brexit vote recession many forecasters had predicted… Source: Positive UK data may put pause on deficit reduction | Business | The Guardian Read More »

Three Japan conglomerates aim to merge nuclear fuel operations: Source

By Makiko Yamazaki and Kentaro Hamada TOKYO (Reuters) – Three Japanese conglomerates are in talks to combine their loss-making domestic nuclear fuel operations, a person with direct knowledge of the matter said, as the outlook for restarts of reactors following the Fukushima nuclear crisis remains bleak. Hitachi Ltd, Toshiba Corp and Mitsubishi Heavy Industries Ltd aim to… Source: Three Japan conglomerates aim to merge nuclear fuel operations: Source – Asia Times Read More »

Central Bank Crisis Risks Famine in Yemen

Efforts to move Yemen’s Central Bank will likely add to risks of insolvency and starvation, while complicating and deepening civil war divisions. Regional and international powers should rally round this critical institution and… Source: Central Bank Crisis Risks Famine in Yemen | International Crisis Group Read More »

Chinese investors pay A$88.88m for Sydney property

Business sense suggests you try to buy property at the lowest possible price, but that was not the case for one property in Sydney, Australia. It was just bought by Chinese buyers for A$88,888,888.88. The number eight is considered lucky in Chinese as it sounds like the… Source: Chinese investors pay A$88.88m for Sydney property – BBC News Read More »

Brexit ‘will make Britain BETTER OFF than other EU countries’

LEAVING the European Union will make Britain richer than other nations in the bloc within five years, a German businessman has admitted. By CHARLIE PEAT Going against the doom-mongering Project Fear predictions that Britain’s economy would suffer because of Brexit, Mathias Dopfner – chief executive of Axel Springer publishing – Mathias Dopfner revealed the… Source: Brexit ‘will make Britain BETTER OFF than other EU countries’ | UK | News | Daily Express Read More »

If you want to measure the health of the economy, forget about “employment”

Work dominates pretty much everything. Whether or not you have it, it’s probably taking up most of your time. Employment is the most-common indicator of economic health and nearly all of the public debate about economics has to do with creating… Source: If you want to measure the health of the economy, forget about “employment” – New thinking for the British economy Read More »

Pressure Mounts on Pound as Hard-Brexit View Back in Spotlight

The pound approached its weakest level in three years versus the euro amid speculation that support in government is building for a so-called hard Brexit. Anooja Debnath Charlotte Ryan Sterling dropped versus most of its Group-of-10 peers amid concerns that the U.K. would surrender access to the European Union’s single market in return for securing… Source: Pressure Mounts on Pound as Hard-Brexit View Back in Spotlight – Bloomberg Read More »

US Federal Reserve chief Janet Yellen shreds credibility as economic leaders falter

Analysis Credibility is an elusive ideal; difficult to attain and deceptively easy to squander. By business editor Ian Verrender Janet Yellen, the head of the world’s biggest central bank, the US Federal Reserve, last week shredded what remained of hers and the organisation she chairs. Once again, she hesitated when decisiveness was required. Once again, she capitulated to… Source: US Federal Reserve chief Janet Yellen shreds credibility as economic leaders falter – ABC News (Australian Broadcasting Corporation) Read More »

Illegal phoenix activity is costing us billions – here’s how it could be stemmed

A proposal designed to stop illegal phoenix activity being actively considered in New Zealand could be similarly adopted in Australia, potentially saving billions of dollars. Helen Anderson  Illegal phoenix activity – which involves directors intentionally liquidating companies after shifting their assets to new (“phoenix”) companies to… Source: Illegal phoenix activity is costing us billions – here’s how it could be stemmed Read More »

Saudi Aramco eyes $334bn investment by 2025

State-owned oil giant plans to pump in billions for infrastructure and create about 500,000 jobs for Saudi nationals. Saudi Arabia’s state-owned oil giant Aramco plans to invest a total of about $334bn by 2025, including spending on infrastructure and projects to maintain oil capacity. Senior Aramco official Abdulaziz al-Abdulkarim, vice… Source: Saudi Aramco eyes $334bn investment by 2025 – News from Al Jazeera Read More »

Why Industrial Farms Are Good for the Environment

Stillwater, Okla. — There is much to like about small, local farms and their influence on what we eat. But if we are to sustainably deal with problems presented by population growth and climate change, we need to look to the farmers who grow a majority of the country’s food and fiber. By JAYSON LUSK Large farmers — who are responsible for 80 percent of the food sales in the United States, though they make up fewer than 8 percent ... Read More »

To fight racism, we need to craft a better ‘we’ and ditch the ‘us’ and ‘them’

A sense of alienation is attracting people to populist leaders with simple solutions. But there are better solutions, ones that draw communities together Tim Hollo Pauline Hanson didn’t appear out of a vacuum. Like Donald Trump and Nigel Farage, she is a reaction to trends in our society, economy and politics. Their type… Source: To fight racism, we need to craft a better ‘we’ and ditch the ‘us’ and ‘them’ | Tim Hollo | Opinion | The Guardian Read More »

Australia does not have a welfare problem. We have a poverty problem

While he talks of ‘revolutionary’ vision in the welfare sector, Christian Porter ignores the fact that unemployment is a failure of the market, not the person John Falzon You don’t build communities up by putting people down. Structural changes to the economy have resulted in entire communities being left without work and… Source: Australia does not have a welfare problem. We have a poverty problem | John Falzon | Opinion | The Guardian Read More »

Greece Needs to Be Honest About the Numbers

Companies — or even countries — that get themselves in trouble tend to have dicey numbers. Michael G. Jacobides If you don’t have the right data, you make the wrong decisions; and when you’ve taken the wrong decisions (out of poor judgment, bad luck, and especially incompetence), you’re often invented to try to make the… Source: Greece Needs to Be Honest About the Numbers Read More »

‘Greece must nationalize banking system’

Rasmus believes Greece should nationalize its banking system in order to have some leverage in negotiations with the European Commission but Greek Prime Minister Alexis Tsipras and the Syriza Party have never played that card. “So you would have to nationalize the banking system because that is how ECB (European Central Bank) and the Germans and the… Source: PressTV-‘Greece must nationalize banking system’ Read More »

Hinkley Point: UK approves nuclear plant deal

The government has approved a new £18bn nuclear power station in the UK after imposing “significant new safeguards” to protect national security. The new plant at Hinkley Point in Somerset is being financed by the French and Chinese governments. However, the… Source: Hinkley Point: UK approves nuclear plant deal – BBC News Read More »