Economy

Industrial strategy demands new deal with private sector

Industrial strategy demands new deal with private sector

The writer, professor at UCL, will deliver the Penrose Conferences in Soas this week Industrial strategy is experiencing a renaissance. Triggered by multiple crises – financial, climate and health – countries around the world are investing heavily in promoting economic growth and resilience. The war in Ukraine, with its impact on supply chains, made this …

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How Big Tech layoffs could impact some of the most expensive housing markets

How Big Tech layoffs could impact some of the most expensive housing markets

A series of layoffs at major U.S. tech companies could put pressure on local housing markets amid a broader national chill. These layoffs, prompted in part by a series of Federal Reserve interest rate hikes and lower revenues, could lead to forced sales, hurt buyer confidence and result in lower down payments, even from buyers …

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Brexit has made Britain the sick man of Europe again | William Kegan

When recently asked about the Today program to quote chapter and verse on the subject of Brexit “opportunities” Michael Gove, the Secretary of State for All Seasons, was hopelessly out of depth. However, Gove missed a round. What he should have said, but as a registered Brexiter obviously could not, is that the only “opportunity” …

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China is starting to really regret its friendship with Russia

China is starting to really regret its friendship with Russia

“The biggest surprise for China was that Russia totally misjudged its own power. We thought that Russia would win a war very quickly,” the Chinese expert explained with regret, a few weeks after the invasion. This was not the official line, which was then in the phase of intense attempts to persuade the global public …

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Millions of households will spend almost a third of their income on fuel by spring

Millions of households will pay nearly a third of their income in fuel costs this spring, amid warnings that a ‘black hole in supply’ remains for Britain’s poorest families. The vast majority of households in certain vulnerable groups – including around 70% of pensioners – will spend a tenth or more of their income on …

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Latin America stagnation 'worse than 1980s', says UN official

Latin America stagnation ‘worse than 1980s’, says UN official

Low investment, low productivity and inadequate education condemned Latin America to a period of economic failure even worse than the “lost decade” of the 1980s, according to the UN’s top economics official in the region. José Manuel Salazar-Xirinachs, new head of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), said the …

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Conflict of Interest: Did Low Interest Rates Create the “Everything Bubble”?

Twenty years ago, a young economist destined to become a household name in Australia issued a warning to central banks around the world. “[L]lowering rates or providing ample liquidity when problems materialize, but not raising rates as imbalances accumulate, can be rather insidious in the long run,” he said. “They promote a form of moral …

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Chevron can resume a key role in Venezuela's oil production and exports

Chevron can resume a key role in Venezuela’s oil production and exports

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a U.S. license allowing the second-biggest U.S. oil company to expand production in Venezuela and ship crude oil from the South American country to the United States . The ruling grants broader rights to the last major US oil company still operating in US-sanctioned Venezuela. …

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House Republicans don't really have a plan to cut inflation, but economists say it could be a good thing - The Boston Globe

House Republicans don’t really have a plan to cut inflation, but economists say it could be a good thing – The Boston Globe

But these are all longer-term initiatives. They don’t really have a short-term plan, and even if they did, they’re unlikely to get any significant legislation through the Democratic-controlled Senate and the former president’s veto pen. Biden. “To be honest, taming President Biden’s continuing raging inflation will be difficult,” Texas Rep. Kevin Brady, a key player …

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United Furniture employee: Company-wide layoff 'teared me apart'

United Furniture employee: Company-wide layoff ‘teared me apart’

She was looking forward to a big family for Thanksgiving when Toria Neal received a text that changed her life: the mother of four was losing her job, along with everyone else in her business. “I couldn’t believe my eyes,” Neal, 36, told The Post. “The text stated that we were all made redundant and …

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