As consumers around the world look for any way they can to fend off the deadly coronavirus, drinking copious amounts of orange juice has emerged as one of the most popular strategies. Packed full of […]
Using a measure called the broad effective exchange rate, a measurement of a currency’s value against a basket of their major trading partners, the pound has crashed to its lowest level on record. The pound […]
As students of economics, these really are crazy times we are living through! From governments paying private sector wages to 0% interest rates, to toilet paper shortages, the latest to add to this list is the environment’s least […]
McDonald’s has announced that as of Monday evening it will close all 1,270 of their UK based restaurants until further notice. Employing around 135,000 people across the UK, this is going to put a huge […]
Since the deadly outbreak of Covid-19, there have been cases all over the world of panic-stricken consumers rushing to supermarkets and filling their trolleys with everything they can get their hands on. We’ve mainly heard […]
In yet another unbelievable day of economic policy in action, the chancellor of the exchequer, Rishi Sunak, announced yesterday the latest measures to protect people’s income, keep businesses alive, and encourage spending in the economy. […]
For the second time in a week, the Bank of England has cut interest rates in an attempt to rescue the UK economy from the jaws of a coronavirus induced crash. In an unprecedented move, […]
It’s not all doom and gloom! Well… it is mostly. But with all the negative economic news in the last few weeks, here is a more positive story to tell. With the coronavirus now a […]
In a huge show of strength against the so-called anti-competitive practices of US tech companies, the French competition watchdog has fined Apple a record US$1.2 billion. US tech companies have been under intense scrutiny in […]
In an unprecedented move today, the US federal reserve, which controls and coordinates American monetary policy, has announced a cocktail of measures to combat the economic fallout from the coronavirus which utilises almost every weapon […]
With airlines tiptoeing on the edge of collapse, empty hotels filing for bankruptcy, and restaurants forced to shut their doors for the last time, the financial impact of the coronavirus is not holding back. As more countries […]
As the spread of the coronavirus continues to wreak havoc, stock markets around the world have continued their freefall. The Dow Jones, one of the world’s most trusted indices and a strong indicator of global […]
In an attempt to combat the economic fallout caused by the outbreak of the coronavirus, the Bank of England has taken the extreme measure of cutting interest rates from 0.75% to 0.25%. Monetary policy of […]
Korean Air, the largest airline in South Korea, is currently fighting for survival after the outbreak of the coronavirus has forced them to ground thousands of flights. As of writing this article, South Korea has […]
Lobster, a seafood delicacy which is usually only eaten on special occasions, has seen its price slashed by over 50%. This is great news for American families who can have a luxury dinner at bargain […]
The world awoke to the largest drop in oil prices in 29 years today as Saudi Arabia, the world’s second largest oil producer, seemingly instigated a price war against Russia. The huge drop in […]
As of March 1st, 2020, all public transport in Luxembourg is now free. Yes, you read it right. All free! This is the latest measure taken by the government of the tiny European nation in […]
With growing concerns over the spread of the coronavirus in Australia, supermarkets and other retailers have been stockpiling supplies of toilet paper over fears that they may face a sudden shortage. In response to the […]
For the first time in years (perhaps ever!), a warm winter in Germany has led to all German vineyards unable to produce the expensive and popular alcoholic drink known as ice wine. Ice wine is […]
A hotel in Japan which is popular amongst Chinese tourists has been forced to file for bankruptcy following a sharp fall in demand. The outbreak of the novel coronavirus has led to a huge decrease […]
In an unprecedented move to help boost the ailing Hong Kong economy, the financial secretary Paul Chan has announced a HK$10,000 cash handout for all permanent residents aged 18 or above. This creative fiscal policy […]
With millions of people in self-imposed quarantine across China and severe travel restrictions, small and medium sized businesses could be on the verge of collapse. Since the outbreak of the deadly coronavirus in January, businesses […]
The price of wine is dropping fast in the US as a result of changing patterns in consumer behaviour. Where wine was once the popular choice of alcoholic beverage for many young Americans, demand has […]
An unexpected surge in economic growth at the end of 2019 was very good news for the Israeli Prime Minister Benjamin Netanyahu who will soon be battling in a national election. GDP increased by 4.8% […]
Despite an ongoing US$9 billion court case in the US over tax evasion, the CEO of Facebook Mark Zuckerberg has stated that the social networking company will be willing to pay more taxes outside of […]
After a dismal 0.2% decline in productivity in the third quarter of 2019, American workers bounced back through October to December, recording an increase in productivity of 1.4%. This comes from a recent report from […]
For the last two years, a dark cloud has been over Argentina as they contend with a serious economic crisis. The South American Country, and third largest economy on the continent, has been in a […]
Local government in Mumbai have come up with an inspired plan to cut noise pollution across the city. Fed up with honking drivers waiting at the city’s junctions, traffic lights have been installed with listening […]
After 5-days of significant loss, oil prices made a comeback on Wednesday with prices increasing by just over 2%. Reports suggest that the 2% jump, reflecting greater confidence in the market, could be a result […]
Palm oil, which accounts for over 5% of Malaysian exports, has seen a dramatic decrease in stock levels with the figure for January at its lowest since June 2017. The low stock level has been […]
The economic impact of the coronavirus is still a guessing game at the moment, but one thing is for sure: it is going to be big. The impact on the services sector alone has already […]
In the latest World Investment Report by the United Nations Conference on Trade and Development (UNCTAD), it was announced that Egypt held on firm to its position as the most attractive country for foreign direct investment (FDI) […]
Following the deadly outbreak of the coronavirus in Wuhan, China, a number of companies and academic institutions around the world are racing against the clock to find a vaccine that can combat the virus. For […]
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, […]
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, […]
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