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News & Updates

January 21, 2014 Global unemployment jumped to nearly 202 million last year

Source: LA Times

Global unemployment jumped to nearly 202 million in 2013 as jobs failed to keep up with the world's growing labor force, according to one...

January 20, 2014 China economic growth rate stabilises at 7.7%

Source: BBC News

China's economy, the world's second-largest, has shown signs of stabilising, as 2013's growth rate matched that for 2012, official data suggests.

January 20, 2014 World's 85 richest own 46% of global wealth

Source: USA Today

Research conducted by the British charity Oxfam has concluded that the combined wealth of the world's 85 richest people is equivalent to that owned by the bottom half — in wealth terms —of the world's population.

January 17, 2014 U.S. says Europe bank failure fund inadequate

Reuters - Lew said a deal struck in Europe last month to create a fund over the coming decade for dealing with future bank failures was important, but inadequate. "We don't think it's big enough. We don't think it's fast enough,"...

January 17, 2014 From Davos, a View on the State of Globalization

Businessweek - The annual meeting of the îWorld Economic Forumî is devoted to âimproving ... the year he joined the Nixon White House as Henry Kissingerâs economics deputy. The Pacific and Atlantic trade...

January 16, 2014 Africa: Davos Economic Forum to Tackle Challenges of a Changing World

AllAfrica - Geneva â A stellar cast of more than 2,500 business, government, academic and civil society leaders are expected to attend this year's îWorld Economic Forumî in Davos, Switzerland. The meeting, which...

January 16, 2014 Lagarde Warns Officials to Fight Deflation ‘Ogre’ Decisively

Source: BusinessWork

International Monetary Fund Managing Director Christine Lagarde urged policy makers in advanced economies to fight risks of deflation that would threaten a global recovery she called “feeble.” Less than a week before the...

January 14, 2014 Fighting China’s Military a Daily Task for US Companies

Source: Epoch Times

Economic espionage is the dirty underbelly of globalization. Nation-states—particularly China—steal intellectual property from U.S. companies at an extraordinary pace. And they don’t just use computer hacking to do so: insider...

January 10, 2014 New titleholder? China says it is world's largest trader

Source: BBC News

China's latest trade figures show it is "very likely" to have overtaken the US as the world's largest trader. It would topple the position that the US has held for much of the last century and cross another milestone in rivalling...

January 9, 2014 Bangladesh election unrest squeezes key garment sector

Source: Reuters

On the outskirts of Dhaka, Babylon Garments has shortened work shifts to eight hours from the usual 10 and plans to shutter production lines as months of election-related violence disrupts transport and prompts global retailers...

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