As the global economy shuts down for months and disruption is likely to last over a year, universal basic income (UBI) might be the only way to put food on the table.
Economic growth in a troubled Eurozone has beaten expectations in the third quarter, with the latest monthly unemployment figures also beating estimates.
US president Donald Trump is expected to name the new chair of the US central bank before he departs for his 12-day trip to Asia on 3 November.
Vietnam is set to meet its target of 6.7 percent economic growth this year, and expects to see the same rate of expansion next year.
It’s 30 years since stock markets around the world suffered one of their worst days ever, with the US Dow Jones Industrial Average dropping the most in one day — 508 points, 22.6 percent — in what became known as Black Monday.
The European Central Bank (ECB) could cut its monthly bond buying program, otherwise known as quantitative easing (QE), by at least 50 percent starting in January 2018, according to sources close to the ECB’s Governing Council.
BlackRock, the world’s biggest asset manager, is set to control close to $6tn in the coming months, judging by the company’s third-quarter results released on Thursday.
The divisions within society, highlighted by the UK’s vote to quit the European Union last year and the election of US president Donald Trump, are a result of globalisation on an unequal playing field, according to UBS investment bank president Andrea Orcel.
Catalan president Carles Puigdemont and other regional leaders signed a suspended declaration of independence from Spain last night, easing concerns of immediate unrest.
Brussels has proposed an overhaul of EU value added tax (VAT) in an effort to close tax loopholes and eliminate fraud estimated to cost the bloc €50bn ($59bn) annually.
The Trump administration is poised to push South Korea to buy more American cars and agricultural products amid high tensions with North Korea over its nuclear capabilities.
The yearly Nobel prizes are announced this week.
Confidence among Japan’s biggest manufacturers surged to its highest level in a decade on Monday, a testament to the country’s strong business conditions.
Spanish bonds have fallen after the region of Catalonia voted to become an independent state yesterday.
Bank of England (BoE) governor Mark Carney said that interest rates will rise in the “relatively near term.” He told the BBC Radio Four’s Today Programme this morning: If the economy continues on the track that it’s been on, and all indications are that it is, in the relatively near term we can expect that interest rates will
Saudi Arabia, the Gulf’s largest economy, is expected to return to international bond markets as soon as this week.
The dollar extended gains against most major currencies after the Federal Reserve announced plans to raise rates and unwind its $4.2trn balance sheet last night.
Towards the latter half of 2016, the future of the EU economy looked bleak.
UK unemployment fell by 75,000 in the three months to July to the lowest level in 42 years, but workers continue to feel the squeeze as real wages remain stagnant.
Gold prices inched closer to a one-year high this morning after North Korea tested a nuclear bomb over the weekend, spooking global investors.
China is hosting the 9th Brics summit from Sunday 5 September as tensions are beginning to appear around the group, made up of Brazil, Russia, India, China, and South Africa.
Texas is bracing itself for Hurricane Harvey, which could be the worst storm to hit the US mainland for almost 12 years.
Fintech is a fast moving industry.
Big Ben has bonged for the final time in maybe four years.
Asian shares were fragile today amid US tensions with North Korea, another terror attack in Europe and violent clashes in Charlottesville, Virginia.
Since 1978 the Federal Reserve Bank of Kansas City has hosted an annual economic policy symposium in Jackson Hole, Wyoming.
UK unemployment dropped by 57,000 in the three months to June bringing the jobless rate down to 4.4 percent — its lowest level since 1975.
Today marks India’s Independence day and while India may have lost its title of the world’s fastest growing economy, the country continues to be an economic growth powerhouse.
Olive oil prices have skyrocketed this year as unfavourable weather conditions, and persistent droughts restrict supply; while demand has been rapidly growing in emerging economies, such as Brazil and China.