After 21 years of uninterrupted economic growth, the risk of Australia's economy slipping into recession is growing, analysts say.A fall in commodity prices, expectations for an imminent peak in mining investment, a cutback in government spending and a relatively high Australian dollar are some of the reasons for the growing pessimism.
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In today’s tough economy, we are always trying to find ways to save money even when it comes to insurance.
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The increasing importance of Global Value Chains (GVC`s) has been widely noted in economic and trade policy periodicals. GVC´s are not new. What is new is the public debate on what this trade reality means for the global economy. The debate is on the growing gap the reality of rade transactions and trade policy.
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The economy and foreign policy emerged as the top issues in Iran's June 14 presidential election with the eight candidates dedicating their first live televised debate on Friday to economic woes.
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At the most basic level, a share of stock entitles you to a share of profits -- and profits are what ultimately bolster a stock price. Recently, profits have been at all-time highs -- not only nominally, but as a percentage of GDP. Some observers believe this trend is unsustainable and that corporate profits will revert to their historical mean. And if profits do fall and revert to the mean, stock prices will fall as well.
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The tough economy and tight job market is resulting in a generation of college grads that are out of work and drowning under hefty student loan debt.This harsh reality has many grads struggling to find their next move.
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One thing that keeps many people from trying freelancing is fear of going broke.
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German Chancellor Angela Merkel, mindful of the weight of Christian voters in September elections, made a quick trip to Rome yesterday for a private meeting with Pope Francis, focusing on how Europe’s struggling economy should be at the service of the people
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Egypt president has a far bigger problem than a sick economy, tribal conflict and disenchanted Salafists. His relationship with the military is now under strain Ten months into Mohammad Mursi’s presidential term, Egypt remains divided, volatile and severely economically-challenged.
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The Israeli economy cannot thrive without ultra-Orthodox Jews and Israel's Arabs being more fully integrated into the workforce, the National Economic Council warned the cabinet at a meeting last week.
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The Pope strongly attacks the “dictatorship of an economy without a face and not at the service of humanity”. He also condemns the risk that human beings could be reduced to a simple consumer goods to be thrown away after usage.
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Education is the path to earning a better living for many, and one would assume greater educational attainment would be a boost to America's economy and would support a growing middle class.
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Almost five million Spaniards were registered as unemployed in April, data showed, as their prospects of finding work in the country with the European Union’s second highest jobless rate deteriorated further.The number of registered jobless fell by 0.91 per cent, or 46,050 people. But those gains were mainly down to restaurants and hotels gearing up for the holiday season, and in seasonally adjusted terms the number rose by 17,663 from March, Monday’s labour ministry data showed.
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The death of more than 400 people in a Bangladeshi clothing factory once again highlights the appalling conditions in factories where western manufacturers produce clothes. The EU is right to pressure local authorities, but should also probe other countries.
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The idle young European, stranded without work by the Continent’s dysfunction, is one of the global economy’s stock characters. Yet it might be time to add another, even more common protagonist: the idle young American.
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Nobody asked the German people if they wanted the euro. Now, almost 15 years after Europe introduced its common currency, a new political party has emerged to campaign for a return to the deutschmark.
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The trouble started when President Barack Obama took time off from the annual Easter Egg Roll event at the White House to shoot hoops. The underwhelming performance brings to mind recent comments from NBA Commissioner David Stern
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Re-elected to an unprecedented second term, President Giorgio Napolitano is now charged with resolving Italy’s political deadlock.
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Japanese brokerage firm Nomura on Monday said the recent fall in gold and oil prices can help improve India's elevated current account deficit (CAD) by one percentage point to 4.3 per cent during 2013.
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Germany said European banking union will require changes to EU law, in a call that could slow completion of the plan designed to underpin the euro currency.
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The death of Margaret Thatcher, former UK prime minister, calls for an assessment of an iconic legacy, Thatcher believed that given the economic malaise in the UK at the time she came to power in 1979, the power of trade unions
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The U.S. federal budget deficit jumped in February from January, though it is still running well below last year's pace. Higher taxes and an improving economy are expected to hold the annual deficit below last year's pace. Higher taxes
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In an exclusive interview with ABC News, President Obama rejected calls to balance the federal budget in the next ten years and instead argued that his primary economic concern was not balancing the budget, but rather growing the
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Wall Street expects the Federal Reserve to continue its program of debt purchases through 2013 in an effort to prop up the economy despite evidence of an improved job market, according to a Reuters poll conducted on Friday.
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U.S. stocks were little changed on Friday as early enthusiasm, spurred by a much stronger-than-expected payrolls report, faded and bank shares declined as investors booked profits in the wake
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The US economy chugged along at a lackluster pace in recent weeks, according to a Federal Reserve report that left little reason to believe the Fed will abandon its loose monetary policy any time soon.The report showed the troubled jobs market
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Tension over US fiscal crisis eases as Obama calls more opposition lawmakers to find a way to stop $85bn in budget cuts and Republicans announce plan to prevent government shutdown.
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Chancellor George Osborne has been warned by a Tory MP that he must "man up" and recognise the scale of the deficit challenge facing Britain.Arguing that the international aid budget should not be exempt from cuts, he told the
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Just hours after across-the-board spending cuts officially took effect, President Barack Obama pressed Congress on Saturday to work with him on a compromise to halt a fiscal crisis that threatens the economy and his broader domestic
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The broad US "sequester" spending cuts that take effect beginning Friday will slow growth in the world's biggest economy and hit the global economy, the IMF said.The drastic cuts were mandated after Democrats and Republicans
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