Economy

Government and Governance

FUNCTIONS OF GOVERNMENT All government performs a wide range of functions Self preservation : The authority of the State needs to be preserved both from external aggression and internal disturbances. Government discharges this function by raising and maintaining a national army, a police force and other enforcement agencies and empowering these agencies through legislations. Supervision …

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Basic Concepts of Money: Features, Functions, & Types Of Money

Money is anything that is generally accepted as a means of payment in settlement of all transactions. It can be paper currency, coins, cheques, bank deposits, crypto currency etc. Features of Money Acceptability Everyone must be able to exchange the money for goods and services. Durability Objects used as money must withstand physical wear and …

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END OF OIL AGE

“The energy transition will unfold in different ways in different countries and over different time periods” Six broad themes define The New Map First is the US shale revolution, which transformed the US from a major importer of oil and gas to a significant exporter The second is the leveraging by Russia of its gas …

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Inflation in the euro area, which had hovered at a low level, rose slightly in July

Consumer prices rose 0.4 percent over the same period last year, European statistics agency Eurostat reported on Aug.19. In June, the inflation rate was slightly lower – 0.3%. In particular, unprocessed foods rose in price in July: they cost 3.1% more than a year earlier. On the contrary, energy fell in price by 8.4%. Inflation …

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China is increasing production capacity, reports show the economic growth

China’s official business activity index expanded at a faster pace in July as stronger domestic and international demand boosted the world’s second-largest economy. China’s Official Manufacturing Purchasing Managers Index rose to 51.1 in July from 50.9 in June, the National Bureau of Statistics said Friday that the results beat forecasts and for the fifth straight …

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The second wave of coronavirus is close, the tourism and entertainment sector may be hit again

European countries are restoring quarantine measures for tourists from Spain, as an increase in the incidence began in Catalonia, which the government is trying to resolve. The UK imposes a 14-day quarantine on people who return from Spain. On Friday, Norway announced a 10-day quarantine for people who return from Spain, and France issued new …

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Thailand and Taiwan may entering to the United States watchlist for currency manipulation

Thailand and Taiwan may be added to the US currency manipulation list after all criteria set by the Treasury, according to UBS Group AG, are met. A country is included if it meets at least two of those indicators: The trade surplus with the United States is at least $ 20 billion; A current account …

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European Union leaders make a compromise decision on an economic recovery fund for other countries

European Union members presented a new compromise proposal for an $ 860 billion radical economic recovery fund as they entered the second day of talks in Brussels with deep disagreements over key aspects of the plan. The size of the fund will remain unchanged but will reduce the amount allocated in the form of grants …

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Delta Air Lines reports multi-billion dollar losses due to the Covid-19 pandemic

Delta Air Lines constantly acquired stakes in foreign airlines from the UK to Chile to grow internationally, but the pandemic turned over all of the company’s plans. According to the rules of foreign ownership, direct airline purchases abroad are prevented, but equity investments and other partnerships have proven popular with carriers. As travel stopped and …

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