Unit 4 - Global Economy
1.8K views | +0 today
Your new post is loading...
Your new post is loading...
Rescooped by Antonis Antoniou from Financial Economics
Scoop.it!

Deutsche Bank: The World's Most Dangerous Bank?

Deutsche Bank: The World's Most Dangerous Bank? | Unit 4 - Global Economy | Scoop.it
Deutsche Bank is under the most pressure a major lender has faced since the financial crisis, but many trace its woes back beyond the banking crash.

Via Geoff Riley
more...
Geoff Riley's curator insight, October 1, 2:30 AM
This article provides some of the historical backstory to the mounting problems of Deutsche Bank - a bank that appeared to have come out of the Global Financial Crisis in reasonable shape but which is now facing severe financial problems and the prospect of having to pay huge fines for the mis-selling of mortgage backed bonds. Too big to fail? The IMF has called Deutsche the world's most dangerous bank. Will the German government sanction a rescue package to limit some of the systemic risks of a bank failure in Europe's largest economy?
Bertie Duncan's curator insight, October 17, 5:54 PM
This article provides some of the historical backstory to the mounting problems of Deutsche Bank - a bank that appeared to have come out of the Global Financial Crisis in reasonable shape but which is now facing severe financial problems and the prospect of having to pay huge fines for the mis-selling of mortgage backed bonds. Too big to fail? The IMF has called Deutsche the world's most dangerous bank. Will the German government sanction a rescue package to limit some of the systemic risks of a bank failure in Europe's largest economy?
Scooped by Antonis Antoniou
Scoop.it!

Causes and Effects of China's Growth Slowdown - Views from Economists

Causes and Effects of China's Growth Slowdown - Views from Economists | Unit 4 - Global Economy | Scoop.it

Will the Chinese economy grow permanently at less than 6%? What are the prospects for the Chinese economy and its international impact? A recent survey on Chinese economic prospects  reveals such interesting and varied perspectives on the challenges facing China at this key stage of her economic development.

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

On immigration

On immigration | Unit 4 - Global Economy | Scoop.it
On immigration -by Nigel Harris professor emeritus of Economics at the University College London

Sometime in the 1990s, Britain ran out of workers. Or, more precisely, the faster the economy grew, the greater became the shortage of workers with the right skills. It seems the problem will get worse - the livelihood of those who live here will increasingly depend on recruiting complementary workers abroad. 

Antonis Antoniou's insight:

Rating: **

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

UK is magnet for highly educated EU migrants, research shows

UK is magnet for highly educated EU migrants, research shows | Unit 4 - Global Economy | Scoop.it
Study reveals that 62% of migrants from western Europe have a university degree, compared with 24% of British workforce
more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

2016 will be a year of living dangerously for the global economy

2016 will be a year of living dangerously for the global economy | Unit 4 - Global Economy | Scoop.it
As oil prices fall further, China slows and Brazil risks collapse, cracks will be papered over and the scene set for a new implosion
Antonis Antoniou's insight:

Larry Elliott  makes predictions for what is going to happen in 2016.

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

The year in business: A review of 2015 - BBC News

The year in business: A review of 2015 - BBC News | Unit 4 - Global Economy | Scoop.it

A dramatic slowdown in China meant 2015 was a very bad year to be in the mining or oils business. 

The upside was that many consumers all over the world found some basic necessities became noticeably cheaper.

The downside was severe pain for mine workers, mining companies and countries like Russia and Brazil, that had previously been feasting on the wealth generated by a five year commodities boom

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

Revealed: how Sports Direct effectively pays below minimum wage

Revealed: how Sports Direct effectively pays below minimum wage | Unit 4 - Global Economy | Scoop.it

Temporary workers at Sports Direct, the booming retail chain controlled by the billionaire Mike Ashley, are receiving effective hourly rates of pay below the minimum wage, an investigation by the Guardian can reveal. 

Warehouse staff at the group, which is controlled by Britain’s 22nd richest man, are required to go through searches at the end of each shift, for which their time is unpaid, while they also suffer harsh deductions from their wage packets for clocking in for a shift just one minute late.

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

​Ireland is no model for Greece

​Ireland is no model for Greece | Unit 4 - Global Economy | Scoop.it

Throughout Europe, Ireland is held up as an example for Greece: we took the pain, engaged with the troika, and worked our way out of crisis to become the fastest growing economy … or so the story goes. This myth, however, is based on much that is misunderstood and more that isn’t mentioned.

 

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

Why has China devalued its currency and what impact will it have? - The Guardian

Why has China devalued its currency and what impact will it have? - The Guardian | Unit 4 - Global Economy | Scoop.it
Beijing devalues yuan against US dollar, which will make Chinese goods cheaper after 8.3% fall in exports in July
Antonis Antoniou's insight:

rating:***

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

What will China’s Black Monday mean for the UK? -The Guardian

What will China’s Black Monday mean for the UK? -The Guardian | Unit 4 - Global Economy | Scoop.it

This was supposed to be the year when normality returned to the global economic landscape. Growth was looking more established and the legacy of the financial crisis was dimming. Even the eurozone, having come close to unravelling once again, by this month appeared to have put the latest Greek crisis behind it.

All that changed on China’s “Black Monday” last week, when the stock market sell-off that had been rumbling along for weeks turned into a rout. A near 9% fall in the main Shanghai Composite index, its biggest one-day drop since 2007, reverberated around global markets, sending other bourses from Sydney to Wall Street tumbling. In London, dramatic moves on the FTSE 100 were reminiscent of the worst days of the last crash

 

Antonis Antoniou's insight:

Rating :***

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

'Hartz reforms': how a benefits shakeup changed Germany - The Guardian

'Hartz reforms': how a benefits shakeup changed Germany - The Guardian | Unit 4 - Global Economy | Scoop.it
Ben Knight: The 'pressure to work' measures ushered in 10 years ago have come into conflict with the state's commitment to human dignity
Antonis Antoniou's insight:

Rating: **

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

What's going on in UK manufacturing? - BBC News

What's going on in UK manufacturing? - BBC News | Unit 4 - Global Economy | Scoop.it

It's been a tough few weeks for the UK manufacturing sector.

SSI Steel has closed its blast furnace and coke ovens in Redcar, while Tata Steel has cut jobs at its sites in Scunthorpe and Lanarkshire.

Thousands of jobs are likely to go.

So what happened to the new dawn of foreign investment and the promised rebalancing of the UK economy towards manufacturing?

Antonis Antoniou's insight:

Rating:***

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

OECD warns UK must fix productivity problem to raise living standards

OECD warns UK must fix productivity problem to raise living standards | Unit 4 - Global Economy | Scoop.it

Britain must fix its productivity problem to secure future economic growth and improve living standards, a leading thinktank has warned as it highlights a failure to grow output per UK worker since the downturn.  The thinktank says in its latest economic survey of the UK that low interest rates and access to credit schemes have helped shore up the recovery but that there are risks ahead from a large banking sector, weak exports, high house prices and a shaky eurozone. The biggest concern raised is Britain’s poor record on productivity.

 

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

Tesco boss: 'Food price inflation could be lethal for struggling millions'

Tesco boss: 'Food price inflation could be lethal for struggling millions' | Unit 4 - Global Economy | Scoop.it

Matt Davies points to damaging effect on economy, retailers, manufacturers and shoppers as data shows grocery deflation contracting.

Matt Davies said: “Everybody should be very, very clear how damaging food inflation is to the economy, to retail businesses and manufacturing businesses and how lethal it could be for millions of people struggling to live from week to week.”

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

Don’t blame China for these global economic jitters- Ha-Joon Chang

Don’t blame China for these global economic jitters- Ha-Joon Chang | Unit 4 - Global Economy | Scoop.it
In truth the west failed to learn from the 2008 crash. Any economic ‘recovery’ was built on asset bubbles
more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

Theresa May to tell Tory conference that mass migration threatens UK cohesion

Theresa May to tell Tory conference that mass migration threatens UK cohesion | Unit 4 - Global Economy | Scoop.it
Home secretary to say new arrivals are hurting wage levels and costing Britons jobs, as she renews failed 2010 pledge to cut net migration to below 100,000
Antonis Antoniou's insight:

Rating:**

It important for students to be aware of the views of the Home Secretary

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

Migration can help to forge a more prosperous world, says World Bank

Migration can help to forge a more prosperous world, says World Bank | Unit 4 - Global Economy | Scoop.it

Movement of people from poor to rich countries could drive economic growth and boost battle against global poverty, claims World Bank chief Jim Yong Kim.

 The large-scale migration of people from poor countries to richer ones will “reshape economic development for decades” but could help end extreme poverty and increase global prosperity if the flow is properly harnessed and regulated, according to the World Bank.

Antonis Antoniou's insight:

Rating: ***

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

UK gains £20bn from European migrants, UCL economists reveal

UK gains £20bn from European migrants, UCL economists reveal | Unit 4 - Global Economy | Scoop.it

European migrants to the UK are not a drain on Britain’s finances and pay out far more in taxes than they receive in state benefits, a new study has revealed. The research by two leading migration economists at University College also reveals that Britain is uniquely successful, even more than Germany, in attracting the most highly skilled and highly educated migrants in Europe.

 

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

Recovery 'too reliant on consumer debt' as BCC downgrades forecast

Recovery 'too reliant on consumer debt' as BCC downgrades forecast | Unit 4 - Global Economy | Scoop.it

Britain’s economic recovery remains too reliant on debt-fuelled consumer spending as  growth forecasts are downgraded  in the face of a manufacturing slowdown.

The British Chambers of Commerce (BCC) said on Wednesday that it expected economic growth for this year to be 2.4%, down from the 2.6% it was expecting three months ago. The downgrade came after official figures revealed that manufacturers cut back production by 0.4% in October, partly reversing a strong performance the previous month.

 Recent weak trade data showed that the economic recovery has been unbalanced – too dependent on consumers, instead of exports and business investment.

 

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

Tata Steel announces 1,200 job cuts - BBC News

Tata Steel announces 1,200 job cuts - BBC News | Unit 4 - Global Economy | Scoop.it

Tata Steel has announced nearly 1,200 job losses at its plants in Scunthorpe and Lanarkshire. Nine hundred jobs will be lost at the firm's plant in Scunthorpe. The remaining 270 jobs will go in Scotland.

They are the latest in a series of job losses across the UK steel sector, following news that administrators have been appointed to parts of Caparo Industries' steel operations.

The industry blames cheap Chinese imports for a collapse in steel prices. 

Antonis Antoniou's insight:

Rating: **

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

Eight reasons why China’s currency crisis matters to us all - The Guardian

Eight reasons why China’s currency crisis matters to us all - The Guardian | Unit 4 - Global Economy | Scoop.it
The Chinese leadership’s devaluation of the yuan delivered a temporary shock to financial markets, but its longer-term effects may be felt around the globe
Antonis Antoniou's insight:

Rating:***

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

How a Chinese slowdown will hit global growth

How a Chinese slowdown will hit global growth | Unit 4 - Global Economy | Scoop.it
China's slowdown will cast a long shadow for global economic growth from the Americas to Australia.
more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

Why we should take Corbynomics seriously

Why we should take Corbynomics seriously | Unit 4 - Global Economy | Scoop.it
A state-led investment programme offers a way to steer British economy away from private speculative activity to long-term sustainable growth investment
Antonis Antoniou's insight:

Corbyn has proposed two alternatives to the UK’s current policy of austerity: a national investment bank, to be capitalised by cancelling private-sector tax relief and subsidies; and what he calls “people’s quantitative easing” – in a nutshell, an infrastructure programme that the government finances by borrowing money from the Bank of England.

more...
No comment yet.
Scooped by Antonis Antoniou
Scoop.it!

Low oil prices will do little to stimulate global growth, Moody's says

Low oil prices will do little to stimulate global growth, Moody's says | Unit 4 - Global Economy | Scoop.it
Ratings agency says benefits of reduced energy costs will be offset by weakness in the eurozone and elsewhere
more...
No comment yet.