Tag Archives: Economy

Greece wants to get economy high on weed sales

Published time: 14 Nov, 2017 14:34 The cultivation and sale of medical marijuana could help Greece’s government pull the country out of a seven-year economic crisis, according to Evangelos Apostolou, Greek Minister of Rural Development and Food. He told Bloomberg that favorable climate conditions and the possible medical legalization of cannabis have turned investor focus to Greece. Growers have expressed ...

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India to become world’s third-largest economy by 2028

Published time: 14 Nov, 2017 13:10 Bank of America Merrill Lynch says India is likely to achieve strong growth over the next decade and will overtake Japan in nominal GDP. It is well on track to become the world’s fifth largest economy by 2019. Read more According to the report, the country has already overtaken Brazil and Russia becoming the ...

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Bitcoin worse than casino gambling – Russian economy minister

Published time: 17 Oct, 2017 14:35 As an investment bitcoin is less predictable than playing roulette in a casino, and unqualified investors shouldn’t have access to instruments with such a high volatility, according to Russian Economic Development Minister Maksim Oreshkin. Read more “As for bitcoin, if you look at how the value of this asset fluctuates, it’s dozens of percent ...

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Venezuela: Civil war close as political crisis deepens and economy implodes under Maduro

Speaking a day after summoning his counterparts from across the region to Lima to condemn the “rupture of democratic order” in Venezuela, Ricardo Luna said President Maduro’s support at home and abroad had shrunk as he seeks to consolidate power through the constituent assembly, a powerful new body run by the ruling Socialist Party loyalists. Peru has been one of ...

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Asian shares rise in sign global economy is healthy: Hang Seng at highest since August '15

Spreadbetters expected a mostly stronger start for European shares, forecasting Britain’s FTSE to open 0.5 percent higher, Germany’s DAX to start up 0.1 percent and France’s CAC to open little changed.  MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.7 percent, led by gains in financials and energy shares and coming within a whisker of last Thursday’s heights ...

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Look to the economy as a better gauge of confidence in Trump

Reading the polls has a lot in common to reading tealeaves: there’s plenty of room for interpretation. As we learned in 2016, nearly all of the once-wise sages of TV punditry concluded after their careful examination of polling trends that a Hillary Clinton victory was all but certain. They were wrong then, and may be wrong now. For decades, we ...

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GREEK CRISIS: Huge pessimism as many believe economy may NEVER get better, poll reveals

Pollster MRB asked people in Greece when they thought the situation would improve for them and their families and the results make for some difficult reading for the country’s government. More than half of those surveyed (51.8 per cent) either believe the situation will take at least eight years to improve or think it may never get better. Meanwhile, 15.7 ...

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Brexit MUST put economy first, US federal reserve says

Janet Yellen urged the UK to work on its “very deep ties” with the EU and create a deal which serves the interests of both sides of the divorce. Speaking at the British Academy in London, Ms Yellen also said Prime Minister Theresa May’s Brexit team should ensure “the economic value of that remains to the maximum extent possible”. The ...

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Brexit MUST put economy first, US federal reserve says

Janet Yellen urged the UK to work on its “very deep ties” with the EU and create a deal which serves the interests of both sides of the divorce. Speaking at the British Academy in London, Ms Yellen also said Prime Minister Theresa May’s Brexit team should ensure “the economic value of that remains to the maximum extent possible”. The ...

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Merkel bid to woo China EXPLODES as furious row erupts with EU on ‘market economy’ status

Previously the German Chancellor had pledged German support for China to be granted the status at the World Trade Organisation (WTO) but it now appears any such wish by China has already been rebuffed by the EU. Beijing is pushing for the recognition as the status would make it harder for other countries to take punitive action against what they ...

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