China and the US have finally come to an agreement on steps to bring an end to the devastating trade war which has engulfed the current account of both countries, whilst also significantly rocking the global economy. […]
In the UK, interest rates are set by the Monetary Policy Committee (MPC), a group of nine central bankers who meet eight times a year to decide on any changes to the official interest rate. […]
China, the world leader in high-speed rail technology, has just opened a new 172km route which hurtles passengers across the Chinese countryside at speeds of 350km per hour without a driver! This is the latest […]
Austria, one of the few European countries who still hadn’t, has finally imposed a smoking ban on all restaurants, bars and cafes in the city. This comes as welcoming news to those non-smoking Austrians and […]
Trade wars are not fought with guns, missiles, planes, or ships. Instead they are fought with the raw power of economics, and in particular a special type of tax called tariffs. These are taxes which […]
State-owned companies in India are on the verge of experiencing the largest wave of privatisation since 2000. The Indian Prime Minister Narendra Modi, famous for limited liberal reform during his first 5 years in office, […]
The President of Venezuela Nicolas Maduro has passed legislation to increase the country’s minimum wage by a whopping 275% from 40,000 bolivars to 150,000 (around $8). With rampant hyperinflation, this is an attempt by the […]
The official unemployment rate in the US has fallen to 3.5%, an unprecedented low which has not been seen since 1969, the same year that American astronaut Neil Armstrong was the first man to set […]
It may seem smooth at the edges and a thing of amazing technological beauty, but every iPhone begins its life long before you buy it at the Apple store. Just like every man-made product, the […]
Without an economy, there isn’t much of a need to study economics. It is therefore central to everything we read and learn, yet can you really say with confidence what an economy actually is? First, we […]
A recent study in the US found that increasing the excise tax (tax paid on the purchase of a specific good) on alcohol products could lead to a reduction in consumption by as much as […]
If you are like me and not much of a shopper, I recently found a much more interesting way to pass the time whilst being dragged from store to store. It’s really simple to play, […]
There is nothing which says wealth more than a glittering diamond. Equally, we are led to believe that there is nothing that says love more than that same diamond. This however, is a total myth, and a […]
In August 2019, the Water Scarcity Clock was launched at World Water Week, an annual conference where global water issues are discussed in order to facilitate the exchange of views on the global water crisis. […]
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