TheCuriousEconomist

Australia likely to go to the WTO if China extends wine tariffs

Following the introduction in China of temporary tariffs on Australian wine imports last year, the Australian wine industry is now…

4 years ago

China’s new goal of growing productivity at a higher rate than GDP depends on rural education

After the recent ‘two sessions’ in Beijing, a series of high-level meetings which determine the economic and social policy for…

4 years ago

Pound on a high as over 20% of the UK gets vaccinated

With over 15 million people having now received their first of two Covid-19 jabs, there appears to be a rising…

4 years ago

China takes the number one spot for the most ‘new’ foreign direct investment in 2020

According to the latest UN figures, the Chinese economy attracted $163 billion in foreign direct investment last year. This 4%…

4 years ago

Fortnite-maker Epic Games is seeking to expose the monopoly power of Apple and Google

Fortnite, one of the most popular mobile games worldwide in the last few years, has been locked in an intense…

4 years ago

China records 2.3% GDP growth in 2020

2020 is a year to forget, but we won’t… and despite the economic woes from all over the world, the…

4 years ago

US Congress passes $900 billion Covid-19 relief bill – so where’s all that cash going?

After months of intense negotiations, the American government looks finally set to inject billions of dollars into the US economy.…

4 years ago

Japan to lend $414 million to Myanmar for huge infrastructure project and corporate financing

A deal has been agreed between the governments of Japan and Myanmar to sign off on ¥42.78 billion (US$414 million)…

4 years ago

China makes pledge to be ‘carbon neutral’ by 2060

In what some commentators are calling a bold and audacious pledge, President Xi announced to the UN that China will…

4 years ago

Tata Consumer Products in talks to acquire India’s largest vending business

Tata consumer products, a subsidiary of the Tata Group, one of India’s largest and most successful conglomerates, is in talks…

4 years ago

Rishi to the rescue: UK chancellor announces the new job support scheme

The UK chancellor, Rishi Sunak, has just announced the government’s latest scheme to save people’s jobs from the ongoing Coronavirus…

4 years ago

An online shopping boom is fueling ships across the Pacific

In the last few months, American consumers have been going mad for online shopping, with the result being a buoyant…

4 years ago

Striking staff could mean a shortage of Jammie Dodgers!

Biscuit fans beware, if either Jamie Dodgers or Wagon Wheels are amongst your favourites, the followings news may be distressing.…

4 years ago

Is taxing robots the best way to protect human jobs?

According to research from Oxford Economics in 2019, up to 20 million manufacturing jobs could be replaced by robots by 2030.…

4 years ago

Paying for plastic bags has dramatically reduced usage in the UK

Since the UK government introduced a 5p charge for single-use plastic bags in 2015, millions of shoppers are now choosing…

4 years ago

South Korea’s economy is outperforming all other OECD members. Here’s why.

According to the latest research on the economic impact of Covid-19, the OECD has announced that the South Korean economy…

4 years ago

Nut prices are hitting rock bottom as global demand remains low

What happens when you’ve got too many nuts, and not enough people to sell them too? Easy… you lower the…

4 years ago

Cost-push inflation is driving up prices throughout the Indian Economy

Inflation in India, the fifth largest economy in the world, stood at 6.9% in July according to the latest measurement…

5 years ago

Unemployment claims in the US crept above 1 million again through mid-August

According to data released by the US Labour Department, new unemployment claims for the week ending August 15th stood at…

5 years ago

Multinational food delivery company to move away from gig economy workers

In a move which could transform the nature of the food delivery industry, Jitse Groen, the CEO of Just Eat…

5 years ago

UK hit the hardest amongst the world’s largest economies

The results are out for the economic impact that Covid-19 has had on the world’s major economies in the first…

5 years ago

US budget deficit hit a record high in June of $864 billion

Governments need to keep track of their spending just like we all do. If they spend more than they earn,…

5 years ago

UK supermarket is flexing its monopsony muscle

Tesco, the UK’s largest supermarket chain, has reached out to their suppliers and asked them to ‘kindly’ reduce the price…

5 years ago

Corona and customs: World trade decreasing at an unprecedented rate

As economies around the world continue their lockdowns and domestic battles against Covid-19, world trade has been declining at an…

5 years ago

Why does the recession proof Coca-Cola have so much cash?

As economies around the world continue to be shattered by the economic consequences of Covid-19, millions of business have found…

5 years ago

£900,000 of taxpayer’s money to be spent on painting the PM’s plane

Government spending is a complicated business. In a mixed economy, the role of the government is undoubtedly vital in providing…

5 years ago

American airline employees are facing the tough decision of cutting their losses or gambling for hope of a brighter future

The aviation industry has been one of the hardest hit by Covid-19. With countries closing borders and people ordered to…

5 years ago

Toilet paper manufacturer gets the go ahead to fill the shortage

One thing we will learn from this pandemic is that when people see a crisis coming, they buy A LOT…

5 years ago

An economy down under: Australia facing the prospect of a deep recession

Josh Frydenberg, the Australian Treasurer, announced on Wednesday that the economy is likely to have shrunk by as much as…

5 years ago

South Africa: an economy in lockdown is an economy in freefall

The economic impact of Covid-19 has been devastating and wide-reaching. One country which is suffering significantly is South Africa, where…

5 years ago

French government to provide 8 billion euros to help revive their car industry

The president of France, Emmanuel Macron, announced this week a fiscal stimulus of €8 billion to help the French car…

5 years ago

British Supercar manufacturer McLaren to cut more than 25% of their workforce

As the world’s economies continue to reel from the damage caused by the spread of Covid-19, Supercar manufacturer McLaren is…

5 years ago

Indian economy to shrink for the first time in forty years

Whilst India was initially praised for their response to the Covid-19 crisis by organising a mass lockdown that effectively took…

5 years ago

China to impose an 80.5% tariff on Australian barley exports

Australia’s barley producers are about to feel the full force of Chinese protectionism after the Ministry of Commerce (MOFCOM) announced…

5 years ago

ILO weighs in on the extent of the coronacrisis and offers advice for how to fight Covid-19

With unemployment levels soaring across the world, the ILO (International Labour Organisation) released a policy brief which outlined the steps…

5 years ago

Prime Minister Modi announces a $60 billion relief plan to help small businesses in India

India, the second largest country in the world with a population of 1.35 billion people, has now been in lockdown…

5 years ago

The fate of the proposed merger between Fiat-Chrysler and PSA group to be decided by June 17

In recent years, the automotive industry has experienced a number of mergers leading to the market becoming increasingly dominated by…

5 years ago

VAT to be tripled in Saudi Arabia to 15%

Saudi Arabia, the second largest oil producing nation in the world, has for the last few years been trying desperately…

5 years ago

America’s housing market: increased demand but no response from supply

The housing market in the US has had a strong rebound since the financial crisis of 2008. After house prices…

5 years ago

6.3 million people in the UK are being paid by the government – to stay at home!

In April, the UK government launched an unprecedented job retention scheme to combat the economic fallout of the coronavirus on employment. Under the…

5 years ago

China to continue subsidising electric vehicles as the post Covid-19 recovery begins

After coming to a grinding halt in February this year, the Chinese economy is open again and gradually returning to…

5 years ago

The more you sell the more it costs: Amazon have record sales but are paying the price for it

In this crazy new world we live in where everybody stays at home, one company which has benefitted hugely and…

5 years ago

To trade or not to trade? Many countries choosing the latter in response to Covid-19

According to a report released by the World Trade Organisation (WTO), there is a growing number of countries around the…

5 years ago

A Hunger pandemic could be the worst outcome of Covid-19 in the world’s poorest regions

According to a report by the World Food Programme (WFP), the economic and social disruption caused by the spread of…

5 years ago

UK government to borrow over £200 billion to fight Covid-19 – but who do they borrow from?

In the last three months, governments around the world have been spending huge sums of money on packages to reduce…

5 years ago