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International and Economic News

Wednesday, 23. July 2014
Company Reports
Sales at the pharmaceutical company fell by a worse-than-expected 13 percent in the second quarter, and the strong pound also hurt growth.
Wednesday, 23. July 2014
Deal Professor
Industry-consolidating acquisitions are all the rage, creating huge corporations similar to the trusts of a century ago, but different enough to require policy that considers effects beyond competition, Steven Davidoff Solomon writes in the Deal Professor column.
Wednesday, 23. July 2014
McDonald's Corporation
Two members of the management of Shanghai Husi Food were among those held after workers were found using expired meat to make products for fast-food restaurants.
Wednesday, 23. July 2014
Derivatives (Financial Instruments)
A lawyer for a former employee of the bank said the Federal Reserve Bank of New York told the German bank of its findings in December.
Wednesday, 23. July 2014
Bank of England
MPC votes 9-0 at leaving rate alone but some members see little risk in small rise in borrowing costsBank of England policymakers are growing increasingly uneasy at leaving interest rates at a record low of 0.5%, minutes of their latest meeting revealed.The public record of the July meeting of the Bank's monetary policy committee (MPC) shows that although all nine members voted in favour of leaving rates on hold, a rate rise is drawing closer because "for some members the decision had...
Wednesday, 23. July 2014
Australia
Economists are refuting the three big picture claims made by the government: 1) We have a budget emergency 2) We have a debt crisis and 3) The carbon tax was ruining the economyTheres a joke about economists: if you ask five economists the same question youll get six different answers. Granted, it's not a very good joke, but its a fair call. Ours is a complex field, and a growing number of economists are acknowledging that the theory sitting behind mainstream economics is mostly rubbish. As a...
Tuesday, 22. July 2014
Global economy
Policymakers dread slump in Russia from further sanctions by the west would trigger another global economic meltdownOil prices above $200 a barrel. Energy shortages in western Europe. The return of recession to the still-fragile global economy. A slump in Russia. That's the fear haunting policymakers as they contemplate how to respond to the shooting down of MH17 over eastern Ukraine last week.The meltdown scenario can be easily sketched out. Every global downturn since 1973 has been...
Tuesday, 22. July 2014
Economics
When secondary schools return from the summer break, pupils will be taught saving, budgeting and public spending as part of the national curriculum"Spend a little, save a little, life will be OK." Manal Chaib, 13, reads out her "money promise" tweet to the rest of the class. "I want to spend so bad," reads out another pupil.A year-eight class at Heartlands High School in north London get a taste of lessons in the English national curriculum when secondary schools...
 
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