Huge government debts mean Canada is robbing its kids
Nov 02, 2020 09:16 am UTC| Economy
Before the pandemic, the combined federal and provincial Canadian debt totalled $1.4 trillion. And since then, this debt has rapidly grown, with governments borrowing another $300 billion in the current year alone. This...
The suburbs are the future of post-COVID retail
Nov 02, 2020 07:05 am UTC| Economy
The COVID-19 pandemic delivered a body blow to CBD retailers, but its just the latest of their challenges in recent years. They were already under pressure from cautious consumer spending, intense competition from online...
US consumer spending surpasses expectations in September, but outlook dimmer in Q4
Oct 31, 2020 22:56 pm UTC| Economy
US consumer spending rose 1.4 percent in September, surpassing analysts expectations of a 1 percent increase, but decreasing benefits for the unemployed, cooling temperatures and a COVID-19 resurgence could cut spending in...
Japanese firms to struggle with China's environmental policies, growth strategy
Oct 31, 2020 21:35 pm UTC| Economy
Chinas environmental restrictions and a new economic growth strategy called dual circulation could pose obstacles for Japanese companies to expand their local operations. Japans Toyota Motor Corp. said total hybrid car...
KB Financial leads S. Korea's major banking groups in surpassing Q3 earnings expectations
Oct 30, 2020 11:55 am UTC| Economy
KB Financial Group recorded 1.16 trillion won in net profit, up 24.1 percent on-year, to lead South Koreas major banking groups that were bolstered by nonbanking businesses in posting better-than-expected third-quarter...
The US economy's record swings: 4 essential reads
Oct 30, 2020 07:53 am UTC| Economy
The U.S. economy rebounded from its unprecedented coronavirus plunge in the spring with a record surge over the summer, giving the president some good news just days before Election Day. Gross domestic product climbed...
We'll never cut unemployment to 0%, but less than 4% should be our goal
Oct 30, 2020 07:51 am UTC| Economy
One of the most concerning things that happens in any recession is the spike in unemployment. The COVID-19-induced recession in Australia and around the world is no exception other than perhaps the magnitudes...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
The Mattei Plan: why Giorgia Meloni is looking to Africa
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight