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One woman to rule them all

One woman to rule them all | A2 Economics | Scoop.it
EVER since the euro crisis broke in late 2009 this newspaper has criticised the world’s most powerful woman. We disagreed with Angela Merkel’s needlessly austere...
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Interesting read. Angela Merkel evaluation

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Probe into chocolate 'price-fixing'

Probe into chocolate 'price-fixing' | A2 Economics | Scoop.it
The food giants Nestle and Mars, along with a distribution company, have been charged by authorities in Canada over alleged price-fixing of chocolate

Via Geoff Riley
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Macroeconomic trends impacting on markets and business:

Clear example of Monopoly power that has been mis-used. Unless Authority would have stepped in 'price-fixing' would have gone unnoticed and caused an effect on consumer expenditure on other goods and service. Furthemore because Nestle and Mars are food giants they would have had an elastic effect on demand of other goods due to the fact that they could be considered as necessity foods.

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Premier League clubs spend £630m

Premier League clubs spend £630m | A2 Economics | Scoop.it
Premier League clubs break their transfer spending record during the summer window, which closed on Monday.
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Firms going up:

The previous record of £500m was set in 2008, however the Premier League clubs spent a record £630m in the summer transfer window, according to Deloitte's Sports Business Group.

The record transfer fee was for Gareth Bale, who was sold to Real Madrid by Tottenham Hotspur for £85m.

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Eurozone unemployment remains steady

Eurozone unemployment remains steady | A2 Economics | Scoop.it
The eurozone's unemployment rate remained steady at its record 12.1% during July, official figures show.
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Macroeconomic trends impacting on markets and business: 

The eurozone's unemployment rate remained steady at its record 12.1% during July, official figures show.

However, the total number of people out of work in the 17-nation area fell slightly, by 15,000 to 19.23 million.

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Malaysia cuts subsidies on fuel

Malaysia cuts subsidies on fuel | A2 Economics | Scoop.it
Malaysia cuts fuel subsidies for the first time in more than two years as it tries to cut its budget deficit.
Elea Misteli's insight:

Macroeconomic trends impacting on markets and business:

These subsidy cuts by 0 sen (6 cents; 4 pence), will result in a improvemnt in the countries budget deficit(4.5% of GDP last year), as Prime Minister Najib Razak says these cuts would result in savings of about 3.3bn.

 

By decreasing the governments spending the government will be able to reduce its budget deficit which is when expenditure is higher than revenues. Therefore by reducing subsidies the government expenditure will decrease. This might have a negative affect on consumer expenditure as a decrease in subsidies will most likley cause an increase in the price of goods and services resulting in a decrease in demand.

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Spain's jobless total holds steady

Spain's jobless total holds steady | A2 Economics | Scoop.it
Spain's unemployment total remained at 4.7 million in August, government figures show, with the jobless figure dropping by just 31 people last month.
Elea Misteli's insight:

Macroeconomic trends impacting on markets and business:

Spain's unemployment rate is steadt at 26.3%

 

A steady unemployment rate can be seen as a postive from the UK perspective as well. This is because the eurozone consists 50% of the Uk export market. Therefore if the spanish economy is slowly showing signs of recovery this will benefit the Uk economy by signs of consumer confidence and therefore an increase in consumer spending.

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Vodafone pays no UK corporation tax

Vodafone pays no UK corporation tax | A2 Economics | Scoop.it
Vodafone, the world's second largest mobile phone firm, paid no UK corporation tax for a second year running in 2012.

Via Geoff Riley
Elea Misteli's insight:

Firms going down:

There is currently a high profile debate in the UK around corporate taxation, with Google, Starbucks and others being criticised for the small amount of corporation tax paid in the UK. And even Vodafone, the world's second largest mobile phone firm, paid no UK corporation tax for a second year running in 2012.

 

 

This is the example of a monolpoly benefit as this cooparation can increase revenue by reducing its cost. Furthermore Vodaphone is increasing its investments in the UK network and this will have a good effect on the Uk economy.

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Geoff Riley's curator insight, June 7, 2013 12:46 PM

An example to use of a business that - quite legitimately - pays no corporation tax in the UK. Note the cost of the interest payments on loans to buy 3G spectrum ....Vodafone will increase investment in its UK network by more than 50 per cent to nearly £1bn this year as it prepares for the launch of next generation 4G mobile services - network quality (speed, access, reliability) is a crucial point of differentiation in the battle for market share - especially of potentially lucrative 4G data rich services.

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Bill Gates interview: I have no use for money. This is God's work - Telegraph

Bill Gates interview: I have no use for money. This is God's work - Telegraph | A2 Economics | Scoop.it
Having already given away $28bn, Bill Gates intends to eradicate polio, with the same drive he brought to Microsoft. He speaks to Neil Tweedie.
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European car sales hit 20-year low as key markets suffer - Reuters

European car sales hit 20-year low as key markets suffer - Reuters | A2 Economics | Scoop.it

#Econ3 European car sales hit 20-year low as key markets suffer Reuters After falling to a 17-year low in 2012, European car demand is expected to contract further this year, squeezing mass-market brands still harder between excess capacity and cut-throat...


Via Marist Economics
Elea Misteli's insight:

Car Market going down: 

While the car industry in Italy, France and germany has declined the Uk market has remaind fairly robost growth. This decrease is due to the emission-based vehicle policy and the car market is turning into a government controlled market because of its usage of Fiscal Policy. In the future this market might turn out to be classified as State Ownership. This might lead to Market Failure. 

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Marist Economics's comment, June 19, 2013 4:10 AM
The car industry in UK is a story of foreign ownership (for example Rolls Royce is now German owned!) and regenerative growth as a result of innovation and investment in new models and high tech manufacturing processes. Until recently car sales have grown, particularly as a result of increasing sales to emerging markets like China. The core market remains the rest of EU- and unsurprisingly demand from this market is suffering as most markets are not recovering from the recession and may have persistently high levels of unemployment (like Spain and Italy).
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Wonga profits leap on loan demand

Wonga profits leap on loan demand | A2 Economics | Scoop.it
Short-term loan provider Wonga reports a 35% jump in profits for 2012, as consumers continue to seek access to fast credit.
Elea Misteli's insight:

Firms going up:

It is estimated the sector has two million customers with loans worth £2bn.

 "Access to practical and affordable sources of credit is a big issue for our society and Wonga is playing a part by lending responsibly, and at scale, to people who can generally afford to pay us back quickly".

 

Recession and falls in income have seen an increase in demand for payday loans.Consumers seek access to fast credit to correspond with their expenditure. The popularity and the high interest rate of the short term loan provider Wong simbolises the need for this fast credit.

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UK manufacturing 'booming again'

UK manufacturing 'booming again' | A2 Economics | Scoop.it
UK factories are "booming again", a survey of the manufacturing sector says, with output and new orders growing at their fastest rates since 1994.
Elea Misteli's insight:

Macroeconomic trends impacting on markets and business:

"Orders and output are growing at the fastest rates for almost 20 years, as rising demand from domestic customers is being accompanied by a return to growth of our largest trading partner, the eurozone."

 

good for uk economy- could help with overcoming banking debts, and the after effects of recession

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OECD raises UK growth forecast

OECD raises UK growth forecast | A2 Economics | Scoop.it
The OECD sharply increases its growth forecast for the UK economy, while a separate survey indicates rapid growth in the construction sector.
Elea Misteli's insight:

Macroeconomic trends impacting on markets and business:

The growth in the construction and manufacturing (see separate manufacturing article) sector have pointed to an acceleration in the UK's economic recovery.

 

The decision to increase construction and manufacturing will always turn out to be a long term benefit to an economy. The UK are slowly starting to see the benefits of this by the increase in growth forecast for the UK. This is good news as the Uk can continue to improve from the recession as well as gain further benefits in the long term. These benefits are obtained because contruction and manufacturing not only lead to a increase in the amount of jobs available in the economy but also a rise in the supply of goods and services resulting in a overall decrease in price.

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Microsoft to buy Nokia phones unit

Microsoft to buy Nokia phones unit | A2 Economics | Scoop.it
Microsoft agrees to buy Nokia's mobile phone business and gains access to its patents and mapping services for 5.4bn euros ($7.2bn; £4.6bn).
Elea Misteli's insight:

Firms going up:

"Mobile is an area of tremendous potential but it has been one of weakness for Microsoft" Microsoft, one of the biggest names in the technology sector,have therefore agreed to buy Nokia phones unit. 

 

Microsoft is expanding in a very competitive market however in some way it still has a monopoly power because of its brand. By joining up two very well known brands this can only work out well for Microsoft as Nokia has been struggling and things can only improve. 

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