Economics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Greek oikos (house) and nomos (custom or law).
Early this week, the International Monetary Fund (IMF) warned that Venezuela’s inflation could top 1 million percent this year. In March, President Nicola Maduro announced […]
Investors are nervous about signs, that a US-Recession is coming. The world’s biggest economy seems healthy by many measures: low unemployment, strong exports, a resilient […]
A new World Bank report says, that limited educational opportunities for girls and barriers to completing 12 years of education cost countries between $15 trillion […]
Boris Johnson has resigned as foreign secretary, claiming that the UK was headed „for the status of a colony“ if Theresa May’s soft Brexit plans […]
Chinese conglomerate HNA Group founder and Co-Chairman Wang Jian died during a business trip in France on July 3. The local police said it appeared […]
The first half of 2018 has so far been the worst start to a year for world stocks since 2010. A mix of U.S.-China-EU trade […]
The European Banking Authority (EBA) said in a statement, that Banks are „inadequate“ perpared for a Brexit without a ratified withdrawal agreement. „This should be […]
After more than 100 years General Electric (GE), the last original member of the Dow Jones industrial average, was dropped from the blue-chip index and […]
The world’s forcibly displaced population reached a record high. In its annual Global Trends report the UN Refugee Agency (UNHCR) said 68.5 million people were […]
The London interbank offered rate (Libor) is a rate benchmark for $200 trillion of dollar-denominated interest rate swaps, loans and other financial products. On May, […]
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