Fashion and Luxury Sales Fall off a Cliff
New York (CNN Business)The retail industry has been decimated by the coronavirus pandemic, and much of the destruction has landed on luxury and fashion companies. People have stopped shopping at […]
Experiments in Austria and Denmark could offer clues to what a post-coronavirus economy looks like
Action by nations is likely to give us a better idea of the damage the virus has caused than computer models, writes Hamish McRae There is a glimmer of light in Europe over the damage caused by the coronavirus outbreak. Two countries, Austria and Denmark, have set out a […]
France heading for worst recession since WWII: minister
Short Url https://arab.news/vzavk Updated 8 sec ago AFP April 06, 2020 France imposed a nationwide stay-at-home order from March 17 after shuttering all nonessential businesses Statistics office Insee said last […]
The IMF Officially Green-lighted the Acceptance of China’s Currency – the Yuan
Our favorite posts: The Story of the 12 Monkeys: The Successful Chinese Vaccine and A Moonshot Moment for the Muslims: Making Covid 19 Vaccine before the West and China Source: AB Qamar According […]
Empty Hotels, Idled Tour Buses, The Pandemic Is Devastating Tourism
Source: MSN MEXICO CITY — There were major hurricanes, and the global financial crisis of 2008. There was 9/11, and an array of regional health scares, from SARS to Zika. But during the decades that he’s been involved in the tourism business in the Caribbean island nation of Sint […]
The US and South Korea got coronavirus on the same day, but only America’s economy has been destroyed. This is why
Americans need to get ready for 13 per cent unemployment — and to hear a lot about Korea during this election campaign Tim Mullaney New York 8 hours ago […]
Covid-19 self-test could allow return to work, say health officials
Source: The Guardian NHS England medical director tells MPs tests may be available within a couple of weeks By Sarah Boseley and Julia Kollewe Self-testing at home to find out […]
Coronavirus will bankrupt more people than it kills — and that’s the real global emergency
Source: Independent We may look back on coronavirus as the moment when the threads that hold the global economy together came unstuck By Omar Hassan, who was the head of […]
Book Review: “Debt – The First 5,000 Years” by David Graeber
by Trevor Hilder Published on: 8th August 2012 Economics textbooks claim that money was invented to replace onerous and complicated barter systems—to relieve ancient people from having to […]
Indonesia’s wealth gap spurs Muslims to join ‘economic jihad’
Devout citizens strive to take on tycoons with convenience stores ERWIDA MAULIA, Nikkei staff writer January 28, 2020 16:54 JST JAKARTA — Taufan left his petrochemical job in […]
School and work ” Why Switzerland’s dual-track education system is unique
By Riccardo Franciolli Jan 27, 2020 – http://www.swissinfo.ch Young people used to be faced with making a definitive career choice aged 15 in Switzerland. But nowadays they can change […]
Global rating agency, Fitch, demotes Pakistan’s economic rating – why?
The New York-based agency Fitch — one of the three major global rating agencies — noted high debt-to-GDP ratio, economic growth rate of 2.8 per cent and fiscal deficit […]
Can Pakistan escape its economic curse?
“In the last 60 years Pakistan’s economy has crashed 13 times,” explained Professor Atif Mian during a talk at the University of California, Berkley, on October 25, “and every […]
The new global economic crisis, a prelude to war
Nov 20,2019 -JORDAN TIMES – Shehab Al Makahleh The record debt of key world economies including the G8 is fraught with calamitous hazards for the international community. Thus, if deleverage takes place soon, this will be a prelude to a cataclysm conducive to WWIII similar to what happened when the […]
Is the global dollar in jeopardy?
Our favorite posts: The Muslim Times Recommending Universal BCG Vaccination to Fight the Pandemic and A Moonshot Moment for the Muslims: Making Covid 19 Vaccine before the West and China Nov 18,2019 – JORDAN TIMES […]
British politics is awash with oil money – only when we flush it out can we save the planet
Oil executives gave £390,000 directly to the Tories after Theresa May became prime minister. Surprise, surprise, their 2017 manifesto included a commitment to build upon support for the industry […]
The Economic Consequences of Automation
Sep 18, 2019 Robert Skidelsky Economic theory does not provide a clear answer regarding the overall impact of technological progress on jobs. And even if automation has traditionally been beneficial […]
The 2020 global crisis and a third world war
JORDAN TIMES – By Talal Abu-Ghazaleh For some time now, I have been sounding the alarm of an impending major economic crisis that may hit globally by the year 2020. […]
Human Psychology, Poverty and Religious Mindset
Epigraph: When man suffers some affliction, he prays to his Lord and turns to Him, but once he has been granted a favour from God, he forgets the One he […]
Boosting start-ups, Swiss lead campaign to support Middle East entrepreneurs
Jan 27, 2019 – Swiss Foreign Minister Ignazio Cassis has unveiled plans to help entrepreneurs in the Middle East to set up businesses. He is asking other countries to contribute […]