Balance of Payments
China US trade tensions relaxing under Biden Administration
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IGCSE
Economic News
Ketchup can’t catchup with demand!
Imagine ordering a delicious cheeseburger and fries to your door, only to find out it didn’t come with ketchup. What are you going to dip those fries in?! Disaster… This scenario could become increasingly more […]
Balance of Payments
Australia likely to go to the WTO if China extends wine tariffs
Following the introduction in China of temporary tariffs on Australian wine imports last year, the Australian wine industry is now expecting an imminent announcement of both an increase and expansion of the tariffs. Already […]
Balance of Payments
Pound on a high as over 20% of the UK gets vaccinated
With over 15 million people having now received their first of two Covid-19 jabs, there appears to be a rising sense of optimism in the UK economy. This has resulted in the pound hitting its […]
Consumer and Business Behaviour
China takes the number one spot for the most ‘new’ foreign direct investment in 2020
According to the latest UN figures, the Chinese economy attracted $163 billion in foreign direct investment last year. This 4% year-on-year increase is in contrast to the US economy’s 46% decline from $251 billion in […]
Aggregate Demand and Supply
Japan to lend $414 million to Myanmar for huge infrastructure project and corporate financing
A deal has been agreed between the governments of Japan and Myanmar to sign off on ¥42.78 billion (US$414 million) worth of low-interest loans. Over half of the money will be directed towards a huge […]
Economic News
China makes pledge to be ‘carbon neutral’ by 2060
In what some commentators are calling a bold and audacious pledge, President Xi announced to the UN that China will be carbon neutral by the year 2060. That gives the world’s second largest economy, and […]
Curious?
Rishi to the rescue: UK chancellor announces the new job support scheme
The UK chancellor, Rishi Sunak, has just announced the government’s latest scheme to save people’s jobs from the ongoing Coronavirus crisis. With the job retention scheme set to end at the end of October, both employers and […]
Consumer and Business Behaviour
An online shopping boom is fueling ships across the Pacific
In the last few months, American consumers have been going mad for online shopping, with the result being a buoyant shipping industry across the transpacific. In these coronavirus times, consumer demand for household goods has […]
Aggregate Demand and Supply
Young people are the worst affected as unemployment creeps up in the UK
The unemployment rate in the UK has risen to its highest level in two years, with an official figure of 4.1% released by the office for national statistics. Given the devastating impact of Covid-19 on […]
Consumer and Business Behaviour
Striking staff could mean a shortage of Jammie Dodgers!
Biscuit fans beware, if either Jamie Dodgers or Wagon Wheels are amongst your favourites, the followings news may be distressing. Production of Jammie Dodgers and Wagon Wheels could be stopped this month as factory workers […]
Consumer and Business Behaviour
Is taxing robots the best way to protect human jobs?
According to research from Oxford Economics in 2019, up to 20 million manufacturing jobs could be replaced by robots by 2030. If we then add in those jobs from other sectors which could be easily automated, […]