In the first half of 2014 China’s external trade turnover fell slightly in comparison with the similar period of the last year. However, in such areas as Guangxi Zhuang Autonomous region, Yunnan province and Chongqing, a rapid growth in external trade has been marked, informs...
Read More
Eurozone policy makers may feel they can afford to relax this summer. That would be a terrible error. The euro crisis is sleeping, not dead. The region is suffering from stagnation, low inflation, unemployment and debt. The crisis could easily revive because the eurozone is not...
Read More
Ethiopian workers walking through the parking lot of Huajian Shoes’ factory outside Addis Ababa in June chose the wrong day to leave their shirts untucked. The company’s president, just arrived from China, spotted them through the window, sprang up, and ran outside. Zhang Huarong, a...
Read More
States have always been the largest counterfeiters. In the middle of the 6th century B.C., in Corinth, they produced the so-called "filled" coins: a kernel of coins was made from less precious or even base metal and covered with a layer of gold or silver....
Read More
The Ministry of Finance in Russia has initiated ban on the issue of money substitutes , including their electronic form. As RIA Novosti informs, the reason is their uncontrollability for the national authorities. “Virtual currency” is especially attractive for the shadow economy. The...
Read More
The fund, which is expected to total 35bn was announced at the end of a summit hosted by Brazilian President DilmaRousseff that marked the launch of the China-Latin America-Caribbean Forum. “They proposed to do it immediately so that it can be ready next year. This money...
Read More
CEOs get paid (very well) to deal with every challenge that pops up. Now there’s a new one: Proving they practice “economic patriotism.” This new form of patriotism has become an issue now that several big U.S. companies have decided to relocate their headquarters to other...
Read More
Australian Prime Minister Tony Abbott called Thursday for G-20 economies to adopt more ambitious growth targets, urging leaders not to “waste each other’s time” with a talkfest. Abbott told more than 380 business leaders from the grouping attending a two-day G-20 summit in Sydney that the...
Read More
Unhappy at your job? Do you feel underappreciated and overworked? You’re far from alone – 70% of U.S. employees say they do not feel “engaged” at work according to a 2013 Gallup poll. Tony Schwartz, CEO of The Energy Project, a firm that works with...
Read More
Income Inequality. This red-hot topic has gathered plenty of heat here in the U.S. post the financial crisis of 2009 and during the ensuing financial market run-up. While equities have soared, those who in the class of people who were invested have prospered, whereas the...
Read More