Showing posts with label Economic. Show all posts
Showing posts with label Economic. Show all posts

13 May 2018

Where Guns Are Sold Through The Darknet

by Niall McCarthy
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Ordinary citizens and whistleblowers often find refuge in this obscure part of the internet in order to protect their privacy rights. However, the very privacy the darknet affords is also being put to more sinister uses, especially crime such as illegal drug and arms trafficking. The latter is estimated to be worth anywhere between $1.7 to $3.5 billion, equivalent to about 10 to 20 percent of the legal arms trade. Unsurprisingly, all sorts of guns are finding their way onto the darknet from pistols to high-powered assault rifles.

Infographic Of The Day: The Future Of Batteries

There's no doubt that the lithium-ion battery has been an important catalyst for the green revolution, but there is still much work to be done for a full switch to renewable energy.

12 May 2018

The battle of the gas-sucking mega giants is set to begin

By Chris Baraniuk
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Off the coast of Western Australia, a battle between mega giants is unfolding. The combatants involve the world's biggest semi-submersible platform, the longest sub-sea pipeline in the southern hemisphere, and the largest floating facility ever built. They're all there for the same reason: natural gas - and they're hoping to start drawing it up this month. As several countries begin to move away from coal as an energy resource, this alternative fossil fuel, which produces 50% less carbon dioxide for every unit of energy generated, is increasingly in demand in our energy hungry world. Consumption is forecast to rise to 177 trillion cubic feet (tcf) or 5,012 billion cubic metres by 2040, up from 124tcf in 2015, says the US Energy Information Administration.

11 May 2018

The Billion Dollar Bank Job

At 8:45 in the morning on Friday, Feb. 5, 2016, Zubair Bin Huda, a director at Bangladesh’s central bank, entered the 30-story, concrete-and-glass headquarters in Dhaka. Bin Huda, slim and soft-spoken, with a thin black mustache and beard, rode an elevator to the ninth floor and eventually walked into the back office of the Accounts and Budgeting Department’s “dealing room,” the most restricted area of the building, accessible to only a handful of employees.

2 May 2018

Infographic Of The Day: Longest Roads In The World

If you're looking for the road trip of a lifetime, consider a road spanning the entire Americas, circling Australia's coast, or covering India's mainland.

29 April 2018

The world’s biggest economies in 2018

Rob Smith

The United States has the largest economy in the world at $20.4 trillion, according to data from the International Monetary Fund (IMF), which shows the US economy increased from around $19.4 trillion last year. China follows, with $14 trillion, which is an increase of more than $2 trillion in comparison to 2017. Japan is in third place with an economy of $5.1 trillion, up from $4.87 trillion a year previously.

28 April 2018

Has a Bull Oil Market Returned?

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Saudi Arabia and other major oil producers may reach their goal of reducing global oil inventories to their five-year average by the next OPEC meeting, scheduled for June.
With that part of the strategy complete, Saudi Arabia is seeing other reasons — including boosting the valuation of Saudi Aramco — to support higher prices. But it's not just Saudi Arabia's strategy that has helped bring oil prices to their highest level since November 2014; structural factors that have leaned heavily on oil producers like Venezuela and the prospects for production in Libya and Iran have contributed to the higher prices.

16 April 2018

London, the Vanguard of an Economic Revolution

For the first several centuries of Britain’s existence, much of the world used London as a bridgehead for invasion. But after the Industrial Revolution, when the British Empire reached the height of its power, London instead became a bridgehead for England to invade much of the world.

29 March 2018

Tariffs on Imports? What Exactly Is an Import?

When the New York International Auto Show opens on Friday, Audi will be featuring vehicles like the SQ5, one of the German automaker’s latest entries in the highly competitive S.U.V. market. Well appointed and high powered, the SQ5, which ranges in price from $54,300 to nearly $70,000 with options, competes with the likes of BMW, Lexus, Lincoln and Land Rover. It’s a German import, the kind President Trump has threatened with tariffs. The president is miffed at Germany’s “already massive tariffs and barriers” and says he’s going to tilt the track back in our favor. (Technically, Germany doesn’t impose tariffs; the European Union does.) Last year, the United States imported $20.1 billion worth of German cars while its exports of cars to Germany reached $5.7 billion, according to the Commerce Department.

20 March 2018

Redefining Skilled Labour

Ganesh Chakravarthi

Skilled labour seems to be in short supply. At least that is what many companies gripe. However, artificial intelligence can substitute the vast expertise, placing the ‘skill’ in the hands of machines. That McDonalds you frequent, the construction workers you employ, or the shop stewards in a supermarket that restock empty shelves may eventually be replaced by robots. The subsequent wave of automation, currently underway — machine learning, sensors feeding data to an AI system, and artificial cognition — will eventually spread from manual labour to white-collar work.

13 March 2018

Balkan EU States ‘Need Reforms To Sustain Economic Growth’

By Relja Dusek

The European Commission’s latest report said that the economies in EU member states Bulgaria, Croatia and Romania grew in 2017, but all of them failed to complete much-needed structural reforms.  The economies of Croatia, Bulgaria and Romania showed some improvements last year, but all three countries face challenges to boost growth further in 2018, said the latest European Commission country report, published on Wednesday.
Bulgaria: Growth to slow but remain strong Bulgaria’s GDP growth in 2017 is estimated to have been 3.8 percent. In 2018 and 2019, GDP is expected to slow down but remain strong.

5 February 2018

Bitcoin and Other Cryptocurrencies Plunged $100 Billion in One Day. Here's What Happened


The cryptocurrency market, long described as a bubble that’s bound to pop, is crashing hard this week. Several cryptocurrencies decreased by more than 25% over the past 24 hours, and $100 billion in value simply disappeared in a single day.

Bitcoin, the leading cryptocurrency, is down more than 60% off its all-time high hit less than two months ago. The value of each unit of Bitcoin dropped as low as $7,700 on Friday, compared to $10,000 on Wednesday and around $20,000 at its peak in December.

28 January 2018

Trade Profile: The U.S. Struggles to Break Its Fetters

Global trade is changing. The kinds of multilateral agreements that characterized the postwar years have stalled over the past two decades, prompting countries and economic blocs to try to negotiate smaller deals with fewer partners. Nations and blocs have more leeway under this new model to negotiate the trade agreements that best suit their interests and to avoid those that don't. Now, more than ever, the future of international trade depends on a country or bloc's defensive interests, offensive interests and underlying factors of production. Our fortnightly Trade Profiles aim to break down these factors to facilitate an understanding of where global trade stands today and where it's headed.

21 January 2018

So The Eurozone Is Finally Recovering? Think Again!

by Elliott Morss
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For example, Derek Halpenny comments as follows:
In the second quarter of 2017, annual real growth in gross domestic product rose above 2 per cent for the first time since 2011. The Eurozone unemployment rate is also falling more sharply than expected. Recent data from the ECB reveal that foreign investors bought a record €238bn worth of Eurozone equities between May and July of this year....Because of fluctuations in the exchange rate, US investors have experienced an 8.1 per cent loss, while the S&P 500 is up 28.5%....Investors have woken up to the Eurozone recovery. They look set to stay.

10 January 2018

Does Government Spending Stimulate The Economy?

by Assistant Vice President and Economist Bill Dupor
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Economists hold two different views on whether government spending is an effective way to stimulate the economy. According to one view, purchases by the government cause a chain reaction of spending. That is, when the government buys $1 worth of goods and services, people who receive that $1 will save some of the money and spend the rest, and so on. This theory suggests that the “government spending multiplier" is greater than 1, meaning that the government’s spending of $1 leads to an increase in gross domestic product (GDP) of more than $1.

4 January 2018

Whither nationalism?

JAN PIETRZAK has just one demand. He’s not fussy about the design of the centennial arch with which he wants to mark the Polish victory over the Bolshevik armies in 1920. But he does insist that it must be taller than the 237-metre (778-foot) Palace of Culture and Science, given to the Polish nation by Stalin. Mr Pietrzak is a gruff old man with white hair and a fine, bushy moustache, a popular entertainer best known for a patriotic song that became an anthem for Solidarity in the 1980s. Although the Warsaw authorities have balked at his dream of a triumphal arch, he has the backing of the Law and Justice party, which forms the national government. It will be a symbol, he says: “Young people …will know that Poland was victorious—like Trafalgar Square.”

25 December 2017

Economic Conditions Snapshot, December 2017: McKinsey Global Survey results

Respondents’ economic optimism and confidence in their companies’ prospects reach a year-long high, though overinflated asset prices are a growing concern.

After reporting increasingly positive views on the economy throughout 2017, respondents to McKinsey’s newest survey on economic conditions are ending the year on an exceptionally cheerful note.1Most respondents say that both global and domestic conditions have improved in recent months, and for the months ahead, they are two to three times more likely to believe that conditions will improve than they are to expect declines. Majorities of respondents predict economic growth—worldwide and at home—in the coming months, and that trade will rise between their own countries and the rest of the world. Expectations for companies’ growth and demand also have reached new heights. Among possible risks, overinflated asset prices are an increasingly worrisome threat to global growth, while in respondents’ home economies, concern about heightened equity prices is on the rise.
A buoyant global outlook, amid growing concern over asset bubbles

22 December 2017

Without the big picture, the details don’t make sense.

Every day the media produces an overwhelming amount of material, projected through the biases of whatever interests pay their bills. A recent Gallup poll found that 62 percent of Americans think the news media favors a political party. If you’re in that 62 percent, you feel increasingly frustrated searching for the truth. It’s impossible to understand complex geopolitical problems and make informed decisions if the news you get is spun to serve someone else’s interests. Let’s face it – major media outlets need reader clicks and eyeballs. They get those clicks through worry-inducing headlines. Their bottom line is your anxiety.

6 December 2017

Energy, Economic Growth, and US National Security: The Case for an Open Trade and Investment Regime

By David Gordon, Divya Reddy, Elizabeth Rosenberg, Neil Bhatiya, Edoardo Saravalle for Center for a New American Security (CNAS)

David Gordon et al contend that a rising populist backlash in the US against the international system has found its expression in a desire for trade protectionism and a distrust of multilateralism. As a result, our authors here explain why in the context of expanding American energy production and exports, open markets are actually good for the US. Further, they provide recommendations on what traps the Trump administration must avoid so that its plans for American “energy dominance” do not veer the country down a path of damaging energy protectionism.

28 November 2017

Aligning Economic Sanctions

According to John Forrer, economic sanctions can be considered ‘well-aligned’ when they inflict a specific amount of economic damage on a targeted individual or group within a limited time frame. The author acknowledges the difficulties in enacting such precise measures, but contends that the process might be made easier if states would 1) further develop analytic tools and techniques; 2) construct flexible economic sanctions able to adapt to changing circumstances; and 3) create a multilateral forum for data sharing and collaboration between states.