TheCuriousEconomist

The cost of the coronavirus so far: $7 trillion and counting

Since the outbreak of Covid-19 in January this year, governments and central banks around the world have been spending trillions…

5 years ago

Orange juice is the new king of commodities: prices set to soar!

As consumers around the world look for any way they can to fend off the deadly coronavirus, drinking copious amounts…

5 years ago

US senate announces a $2 trillion fiscal stimulus

In response to the economic fallout from the spread of Covid-19 in the US, the Senate has passed a bill…

5 years ago

As the dollar surges on global exchange markets, the pound drops to its lowest value on record

Using a measure called the broad effective exchange rate, a measurement of a currency’s value against a basket of their…

5 years ago

Coal: the world’s dirtiest and most damaging fossil fuel has now become the most expensive!

As students of economics, these really are crazy times we are living through! From governments paying private sector wages  to 0% interest…

5 years ago

Not even a cheeky Nando’s can help you through this crisis: Nando’s and McDonald’s to close all UK restaurants!

McDonald's has announced that as of Monday evening it will close all 1,270 of their UK based restaurants until further…

5 years ago

We’ve heard about the toilet paper, but what else are people panic buying?

Since the deadly outbreak of Covid-19, there have been cases all over the world of panic-stricken consumers rushing to supermarkets…

5 years ago

UK government to step in and pay people’s wages

In yet another unbelievable day of economic policy in action, the chancellor of the exchequer, Rishi Sunak, announced yesterday the…

5 years ago

Interest rate in the UK has been cut to lowest in history – what a time to be studying economics!

For the second time in a week, the Bank of England has cut interest rates in an attempt to rescue…

5 years ago

Apple faces a record US$1.2 billion fine for fixing prices in France

In a huge show of strength against the so-called anti-competitive practices of US tech companies, the French competition watchdog has…

5 years ago

Now this is monetary policy: US Federal Reserve is throwing everything it’s got at the coronavirus

In an unprecedented move today, the US federal reserve, which controls and coordinates American monetary policy, has announced a cocktail…

5 years ago

Bookies will lose billions as no sport means no bets are placed!

With airlines tiptoeing on the edge of collapse,  empty hotels filing for bankruptcy, and restaurants forced to shut their doors for the…

5 years ago

Welcome to the bear market: global stocks have had their worst day since the crash of 1987

As the spread of the coronavirus continues to wreak havoc, stock markets around the world have continued their freefall. The…

5 years ago

Now is the time to borrow: Bank of England slashes interest rates to 0.25%

In an attempt to combat the economic fallout caused by the outbreak of the coronavirus, the Bank of England has…

5 years ago

Korean Air forced to ground 80% of flights

Korean Air, the largest airline in South Korea, is currently fighting for survival after the outbreak of the coronavirus has…

5 years ago

Lobster for dinner? This luxury treat is now selling at bargain prices!

Lobster, a seafood delicacy which is usually only eaten on special occasions, has seen its price slashed by over 50%.…

5 years ago

Crude Oil takes a 30% dive as Saudi Arabia gears up for a price war

The world awoke to the largest drop in oil prices in 29 years today as Saudi Arabia, the world’s second…

5 years ago

Lebanon is forced to default on debt as a financial crisis consumes the economy

The Prime-minister of Lebanon has announced that the country in Western Asia is to default on a huge debt repayment…

5 years ago

Free public transport for everyone in Luxembourg!

As of March 1st, 2020, all public transport in Luxembourg is now free. Yes, you read it right. All free!…

5 years ago

Paper gold: could the price of toilet paper be about to skyrocket?

With growing concerns over the spread of the coronavirus in Australia, supermarkets and other retailers have been stockpiling supplies of…

5 years ago

Is Germany’s ice wine production the latest victim of global warming?

For the first time in years (perhaps ever!), a warm winter in Germany has led to all German vineyards unable…

5 years ago

Coronacrisis in Japan: hotel is forced to file for bankruptcy

A hotel in Japan which is popular amongst Chinese tourists has been forced to file for bankruptcy following a sharp…

5 years ago

Here is ten thousand HK dollars… Help kickstart our economy!

In an unprecedented move to help boost the ailing Hong Kong economy, the financial secretary Paul Chan has announced a…

5 years ago

Falling phosphate exports from the disputed territory of Western Sahara

Moroccan phosphate exports have fallen to an eight-year low from the disputed territory of Western Sahara with exports in 2019…

5 years ago

At what cost should the UK balance its budget?

All eyes are on the UK’s new chancellor, Rishi Sunak, who will soon be announcing the government’s budget for the…

5 years ago

Corona Credit Crunch for many Chinese businesses

With millions of people in self-imposed quarantine across China and severe travel restrictions, small and medium sized businesses could be…

5 years ago

Can the economically inactive fill the staff shortages in the UK?

The British Home Secretary has suggested the training and upskilling of the economically inactive in order to fill the large…

5 years ago

When supply outstrips demand: American wine at its lowest price in 20 years!

The price of wine is dropping fast in the US as a result of changing patterns in consumer behaviour. Where…

5 years ago

Consumers in Israel are consuming their way to economic expansion

An unexpected surge in economic growth at the end of 2019 was very good news for the Israeli Prime Minister…

5 years ago

Facebook CEO to agree to paying more taxes overseas

Despite an ongoing US$9 billion court case in the US over tax evasion, the CEO of Facebook Mark Zuckerberg has…

5 years ago

Global defence spending increasing in an uncertain world

Defence spending across the world increased significantly in 2019 according to a report by the Institute of Strategic Studies (ISS).…

5 years ago

Study suggests that one-third of all plant and animal species could be extinct by 2070

A recent report by a team of US scientists at the University of Arizona has suggested that owing to the…

5 years ago

Interest rate in Pakistan to stay at a mighty 13.25%!

Pakistan’s high interest rate of 13.25% is unlikely to be changed anytime soon according to analysts in the country. Monetary…

5 years ago

American productivity bounces back in the fourth quarter of 2019

After a dismal 0.2% decline in productivity in the third quarter of 2019, American workers bounced back through October to…

5 years ago

US government to increase spending on Artificial Intelligence and Quantum Computing

Reports from inside the Whitehouse have suggested that the Trump administration is set to announce huge increases in spending on…

5 years ago

Is Argentina the best place to buy a house this year?

For the last two years, a dark cloud has been over Argentina as they contend with a serious economic crisis.…

5 years ago

The more you honk the more you wait: Mumbai’s innovative solution to impatient honkers!

Local government in Mumbai have come up with an inspired plan to cut noise pollution across the city. Fed up…

5 years ago

Kenya and the US look set to sign a free-trade deal despite Trump’s attacks on global trade

Under President Trump, the US stance towards global trade has become increasingly protectionist, with billions of dollars of tariffs placed…

5 years ago

Oil prices make a 2% comeback after a 5-day slump

After 5-days of significant loss, oil prices made a comeback on Wednesday with prices increasing by just over 2%. Reports…

5 years ago

Supply of Malaysian Palm Oil fallen to two-year low

Palm oil, which accounts for over 5% of Malaysian exports, has seen a dramatic decrease in stock levels with the…

5 years ago

Chinese economy could take a US$60 billion hit following the deadly coronavirus outbreak

The economic impact of the coronavirus is still a guessing game at the moment, but one thing is for sure:…

5 years ago

Egypt the largest FDI recipient in Africa in 2019

In the latest World Investment Report by the United Nations Conference on Trade and Development (UNCTAD), it was announced that Egypt held…

5 years ago

Korean exports continuing to plummet

The value of Korean exports in January has decreased for the 14th straight month, with the Asian nation posting an export…

5 years ago

Unemployment levels in Hungary at a record low!

Hungary, a land-locked country of 9.7 million people nestled between Austria and Romania, is not a country which receives a…

5 years ago

Stock prices surge for companies working on a coronavirus vaccine!

Following the deadly outbreak of the coronavirus in Wuhan, China, a number of companies and academic institutions around the world…

5 years ago

UK hoping for a zero-tariff and zero-quota trade deal with the EU

With the UK finally leaving the EU this week, talk is beginning to ramp up over what a potential trade…

5 years ago

Economic growth slowing down in the Philippines

At a modest 5.9%, Economic growth in the Philippines for 2019 was the slowest recorded growth in 8 years. Whilst…

5 years ago

Strong dollar, weak pound, strengthening euro! What does it all mean? A simple guide to exchange rates.

As of writing this article, one dollar is equal to 0.9 euros. 0.9 euros is equal to 0.76 pounds. In…

5 years ago