EU and China reach deal in solar panel dispute
Source: BBC The European Commission says it has reached “an amicable solution” with Beijing in a row over imports of Chinese solar panels. Both sides have agreed a minimum price […]
Business spending plans rise, jobless claims up slightly
(Reuters) – A gauge of planned U.S. business spending rose for a third straight month in June, offering a hopeful sign for a pickup in economic growth in the second half of the year. Other data on Thursday showed first-time applications for unemployment benefits increased slightly last week, but the […]
Cost of Arctic Methane Release Could Be ‘Size of Global Economy’, Experts Warn
July 24, 2013 — Researchers have warned of an “economic time-bomb” in the Arctic, following a ground-breaking analysis of the likely cost of methane emissions in the region. Economic modelling shows that the methane emissions caused by shrinking sea ice from just one area of the Arctic could come with […]
A Shuffle of Aluminum, but to Banks, Pure Gold
MOUNT CLEMENS, Mich. — Hundreds of millions of times a day, thirsty Americans open a can of soda, beer or juice. And every time they do it, they pay a fraction of a penny more because of a shrewd maneuver by Goldman Sachs and other financial players that ultimately costs […]
Hotel investments in Makkah to reach SR500bn by 2015
RIYADH: SHARIF M. TAHA ARABNEWS Monday 22 July 2013 The volume of hotel investments in Makkah is predicted to hit SR500 billion ($133 billion) by 2015 in light of the […]
Egypt’s Muslim Brotherhood failed the most basic test – feeding the people
by Ruth Pollard Middle East Correspondent The Sydney Morning Herald Cairo: A tiny woman dressed all in black sits at a crowded communal table in the Cairo neighbourhood of Agouza, […]
Saudi Arabia: Women showcase business talent at Bisat Al-Reeh
JEDDAH: RIMA AL-MUKHTAR & FOUZIA KHAN Friday 19 July 2013 This year’s Bisat Al-Reeh festival has been successful because it helped showcase the talent and innovation of Saudi businesswomen.’ This […]
Who owns your data when you’re dead?
Source. The Economist: AFTER we die, our bodies are reduced to dust or ash, through burial or cremation. The fate of the digital corpuses we leave behind is rather more complicated. Before the advent of internet-hosted storage and services, your digital remains would have been accessible only to those with […]
Detroit files for biggest bankruptcy in U.S. history
Nancy Kaffer, Stephen Henderson and Matt Helms, Detroit Free Press 4:41 p.m. EDT July 18, 2013 DETROIT — The city of Detroit filed for Chapter 9 bankruptcy protection in federal […]
Britain needs millions more immigrants to reduce strain of ageing population
Source: The Telegraph Britain may need millions more immigrants over the next 50 years to reduce the “unsustainable” pressure that the ageing population is putting on the economy, the official forecaster has said. By Steven Swinford, Senior Political Correspondent 1:19PM BST 17 Jul 2013 The Office for Budget Responsibility said that spending […]
DEGROWTH ACTIVIST: ‘Live simply to let others simply live’
by Samuel Jaberg, swissinfo.ch July 14, 2013 – 11:00 Mirko Locatelli is a hardline critic of consumerism and the Western ideology of growth. The native Italian speaker, who lives in […]
Tax threat: Saudis with US citizenship fear losses
JEDDAH: DIANA AL-JASSEM | ARAB NEWS STAFF Wednesday 10 July 2013 Saudi nationals with US citizenship are set to pay a 30 percent tax on bank deposits over $ 50,000 […]
Dutch local councils have debts of more than €70bn
The combined debt of the Netherlands’ 500 or so local councils, provincial governments and water boards reached more than €70bn by the first quarter of this year, according to new figures from the national statistics office CBS. This is a rise of 40% over seven years, the CBS said. The […]
Large reserves of gas and oil found under North Sea
Large reserves of gas and oil have been found under the most northerly parts of the Dutch reaches of the North Sea, the Telegraaf reports on Tuesday. The discovery comes after nearly three years of seismic research carried out on behalf of state-owned energy company Energie Beheer Nederland (EBN). Read […]
Op Ed: The Culture of Confrontational Politics in Bangladesh
By Rahim M. Quazi A complex array of hurdles, compounded by political instability, is posing a formidable hurdle to Bangladesh’s achieving economic prosperity. The post-independence political frontier in the South Asian nation has been extremely turbulent. Two elected heads-of-state were killed by army coups, nearly 25 unsuccessful coups were staged, […]
UK to be first non-Muslim country to host Islamic Economic Forum
The Telegraph: More than 1,500 delegates, including government and business leaders, as well as scholars, will descend on London for the three-day event, which sets out to boost trade partnerships […]
Insight – Nigeria seeks farming revival to break oil curse
July 4, 2013 – 07:30 By Joe Brock SAULAWA, Nigeria (Reuters) – Down a winding dirt track in this sleepy village in northern Nigeria lies a corn farm which looks much like the dozens that surround it. The difference is, this one is turning a profit. “I can barely lift […]
Jobs Data Upbeat, but Trade and Services Dim Outlook
WASHINGTON — Private employers stepped up hiring in June and new applications for unemployment benefits fell for a second straight week last week, pointing to a steadily improving labor market picture. Still, the pace of economic growth remains lackluster, with other reports on Wednesday showing a slowing in activity in […]
NO DRAIN? ‘Immigration leads to a healthier state’
by Scott Capper, swissinfo.ch July 2, 2013 – 21:59 Contrary to common perceptions, immigrants to Switzerland are net contributors to the country’s tax coffers rather than a drain, according to […]
Home prices rise by most in seven years in May: CoreLogic
(Reuters) – Home prices racked up their biggest annual gain in more than seven years in May, with more increases expected through the summer months as the sector continues to mend, data analysis firm CoreLogic said on Tuesday. Prices rose 2.6 percent from April and were up 12.2 percent compared […]