As the world’s economies continue to reel from the damage caused by the spread of Covid-19, Supercar manufacturer McLaren is the latest company to announce a huge wave of layoffs. The British based firm is […]
The inflation rate in Canada entered negative territory in April, as year-on-year inflation was measured at -0.2%. This essentially means that the average price level in Canada was 0.2% less in April this year, than […]
Australia’s barley producers are about to feel the full force of Chinese protectionism after the Ministry of Commerce (MOFCOM) announced on Monday that an 80.5% tariff would be imposed on barley exports from Australia. The […]
The latest in a long list of ‘historic lows’ since Covid-19 wiped out the global economy is the total collapse of the American retail sector. Data released by the US Census Bureau has shown that […]
The housing market in the US has had a strong rebound since the financial crisis of 2008. After house prices plummeted just over 10 years ago, the last decade has seen a strong and steady […]
After coming to a grinding halt in February this year, the Chinese economy is open again and gradually returning to normality. The first sign of this is that the air is hazy once again, which […]
The stats are now out on the performance of the American economy for quarter one of 2020, and it’s not good news. According to the US Bureau of Economic Analysis, the world’s largest economy contracted […]
In this crazy new world we live in where everybody stays at home, one company which has benefitted hugely and seen soaring sales is the online e-commerce giant Amazon. As Covid-19 has continued to cause […]
According to a report by the World Food Programme (WFP), the economic and social disruption caused by the spread of Covid-19 has significantly increased the risk of a hunger pandemic in the poorest regions of […]
Netflix and chill? Yes please, but not with a Coca-Cola. Recent announcements from these two corporate giants have given us an interesting insight into consumer trends and how staying at home is affecting demand differently […]
Since the outbreak of the coronavirus in January this year, there have been numerous economic events which have been simply unprecedented in their nature. The latest of these, in the wacky world of Covid-19, is […]
The market for oil could be set to rebound following the announcement from OPEC that a deal had been reached between the Saudi-led cartel and other major oil producers around the world. This should bring […]
The global fashion industry, valued at over US$2 trillion, has been hit extremely hard by the worldwide spread of Covid-19, resulting in business closures, loss of jobs, and plummeting sales throughout the whole supply chain. […]
For a student of economics, one of the first concepts we learn about is the different types of goods. That is a normal good, a luxury good, and an inferior good. By normal, we don’t […]
The cost of petrol in the UK is nearing £1 for the first time in four years. This is the result of an extremely volatile start to 2020 for the petrol market as it encounters […]
Clothing workers in Bangladesh, the South Asian country which is only second place to China in the global manufacturing of clothing, have been hit hard by the worldwide spread of Covid-19. The plummeting demand for […]
With three out of four Americans now under some kind of lockdown, that is around 245 million people who now need to cook for themselves every day. Whilst many may be embracing their kitchens and […]
Whilst economies around the world are still on their knees, China seems to have picked itself back up again, after emerging from the worst of Covid-19’s destruction across the country. In battling the virus throughout […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Moroccan phosphate exports have fallen to an eight-year low from the disputed territory of Western Sahara with exports in 2019 almost half of that in the previous year. In 2018, the North African country exported […]
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 […]
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 value of Korean exports in January has decreased for the 14th straight month, with the Asian nation posting an export figure of US$43.35 billion, a 6.1% fall from the previous year. One reason for the […]
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 […]
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