Austerity in the U.K. is here to stay. The Bank of England has warned that the country is facing the longest recession since records began, predicting that the economic slump will extend well into 2024. At the same time, ...
Social Sciences
Jan 3, 2023
1
24
The collapse in global oil prices may end up being bad news in the short term for the transition to green energy, as cheaper crude could see more use of cars and aircraft.
Environment
Mar 11, 2020
0
12
A century ago, the Winnipeg General Strike shut down what was then Canada's third-largest city. Today, the strike is usually remembered as a moment when workers demanded the collective bargaining rights and living wages that ...
Social Sciences
Apr 26, 2019
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3
A top EU court rejected Thursday a challenge by Poland, heavily dependent on coal, to the bloc's controversial greenhouse gas trading system.
Environment
Mar 7, 2013
0
0
French-language Belgian newspapers were back on Google Friday after a six-year absence sparked by a bitter dispute over copywright with the US Internet search giant.
Internet
Jan 11, 2013
1
0
Voters in U.S. presidential races make choices based on a candidate's performance rather than on his or her policy positions—even when those stances run counter to the voters' own, according to a new book by a University ...
Social Sciences
Oct 3, 2012
0
0
(AP) -- Panasonic Corp. stayed in the red in the latest quarter and projected a huge annual loss due to slumping TV sales and a strong yen.
Business
Oct 31, 2011
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0
In today's struggling economy, one check on the day's news is bound to turn up reports of unemployment, falling home values and foreclosures.
Economics & Business
Oct 21, 2010
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0
Asia's business intelligence software market excluding Japan should grow an annual 20.5 percent this year as economies rebound from last year's downturn, a report said Thursday.
Business
Apr 29, 2010
0
0
Japanese electronics and entertainment giant Sony Corp. Thursday announced a third-quarter net profit of 870 million dollars, a result it said "significantly exceeded expectations".
Business
Feb 4, 2010
0
0
In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions.
Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
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