TheCuriousEconomist

A tale of two businesses: winners and losers of a global lockdown

Netflix and chill? Yes please, but not with a Coca-Cola.Recent announcements from these two corporate giants have given us an…

5 years ago

Oil prices go negative in the US – how and why?

Since the outbreak of the coronavirus in January this year, there have been numerous economic events which have been simply…

5 years ago

Unemployment claims in the US have risen to 22 million

Since the US economy was essentially shutdown four weeks ago, the economic fallout has been tremendous and devastating. With businesses…

5 years ago

China’s economy has reduced in size for the first time in decades

China’s unbelievable economic growth streak of over forty years has finally come to an end today, with the world’s second…

5 years ago

Could the coronavirus lead to a widespread adoption of universal basic income?

The economic impact of the coronavirus is unprecedented and far-reaching. People all over the world have been affected in some…

5 years ago

The extent of the global corona-crisis: world economy set to shrink by 3% in 2020

According to the IMF, the world economy is predicted to experience negative economic growth of -3% this year. This projection…

5 years ago

Global oil production to drop by 10% as OPEC agrees on an historic deal

The market for oil could be set to rebound following the announcement from OPEC that a deal had been reached…

5 years ago

Coronavirus plunges the French economy into recession

The economic fallout from the spread of the deadly coronavirus around the world has been unprecedented. In this age of…

5 years ago

Loo roll over Louis Vuitton: luxury brands amongst the hardest hit by Covid-19

The global fashion industry, valued at over US$2 trillion, has been hit extremely hard by the worldwide spread of Covid-19,…

5 years ago

Ramen: the inferior good behaving like an… inferior good!

For a student of economics, one of the first concepts we learn about is the different types of goods. That…

5 years ago

Singapore to inject another US$3.6 billion into the economy as coronavirus cases spike

The government of Singapore has announced an additional US$3.6 billion to support the economy as the city state sees coronavirus…

5 years ago

Minimum wage in the UK increases by 6.2%

As of Wednesday this week, national minimum wage in the UK has increased by 6.2% for those aged 25 and…

5 years ago

Who ordered pizza? Everyone it seems! Papa John’s sales in the US are expected to be up 5.3% this quarter

With three out of four Americans now under some kind of lockdown, that is around 245 million people who now…

5 years ago

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

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

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