In The News

Uwe Hessler October 5, 2019
Low and negative interest rates keep loans flowing. Europe tries to stimulate its economies with low rates, and some banks charge customers who keep large amounts in their accounts. Governments or individuals can take out an individual €1000 loan and repay only €995, while savers receive no interest at all, explains Uwe Hessler for Deutsche Welle. “A negative deposit rate is intended to encourage...
September 3, 2019
The United Kingdom faces an October deadline, already extended, for exiting the European Union. A majority of UK parliament members from a mix of parties united in emergency debate to defeat the government on a no-deal Brexit after the prime minister announced a five-week suspension. The opposition fears economic chaos, disruption to travel and basic supplies and a hard border for Ireland, but...
Ross Gittins September 2, 2019
Advanced economies no longer work the way they once did, and no one should expect a return to "normal" anytime soon. Economists disagree about the reasons. For now, governments and citizens must adjust to a new normal, explains Ross Gittins for the Sydney Morning Herald. Some Australian leaders prepare to adjust for declines in economic growth, productivity and interest rates. Australia...
Vivienne Walt September 1, 2019
China’s investment in the historic port of Piraeus has lifted Greece’s economy and dampened populist opposition to foreign investment. “Situated at the edge of Athens – a short sail from the Middle East and Africa – the port has been a strategic jewel for nearly 2,500 years, ever since the Athenians and Spartans defeated the Persian emperor in a nearby sea battle for Mediterranean supremacy,”...
August 29, 2019
China already ranks its companies and citizens on social reputation, and plans to extend rankings to individuals and firms with China operations by 2020. Large firms can expect to be ranked on about 30 categories and as many as 300 requirements including licensing, tax payments, environmental protections, billing, logistics and more. China’s government regards the system as a prerequisite for...
Angela Giuffrida August 21, 2019
Italy and its populist forces are in political crisis. Giuseppe Conte resigned as prime minister and “The president, Sergio Mattarella, is now calling the shots in a crisis triggered when Matteo Salvini pulled the plug on the League’s tenuous relationship with the Five Star Movement (M5S) in an attempt to capitalise on his popularity and become PM,” reports Angela Giuffrida. The president has...
Kate Holton and William James August 19, 2019
Trade has represented more than half of the United Kingdom’s GDP since 2005, reports the World Bank. Leaked government documents suggest that the country will contend with dire shortages of essential goods by leaving the European Union without a trade deal. Government officials suggest the country is preparing for the worst-case scenario. “Setting out a vision of jammed ports, public protests...