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LyrArc brings in selected articles from many of the world's top publications.
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Growth in China is supporting growth in other Asian countries. But other Asian countries are still dependent on the economies of Europe and the USA. About 60% of the exports to China by Malaysia, say Malaysian officials, are components for products that are re-exported to the western countries. Domestic demand in China is insufficient to support the high level of growth in China and other Asian countries; in the event demand in Europe and N. America slides back in the face of austerity cuts in 2011, growth across Asia is likely to fall sharply.
Growth in China is supporting growth in other Asian countries. But other Asian countries are still dependent on the economies of Europe and the USA. About 60% of the exports to China by Malaysia, say Malaysian officials, are components for products that are re-exported to the western countries. Domestic demand in China is insufficient to support the high level of growth in China and other Asian countries; in the event demand in Europe and N. America slides back in the face of austerity cuts in 2011, growth across Asia is likely to fall sharply.
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Original article 5 minutes, gist 1 minute
Original article 5 minutes, gist 1 minute
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In its performance review for Pakistan the IMF says growth estimate is 2.8% for 2014. The IMF sees a poor outlook for the balance of payments situaion, and has raised the issue of critically low foreign exchange reserves. Inflation is increasing and is at about 11%. Foreign currency reserves have declined from over $6 billion in 2013 to less than $4 billion. Yaseen Anwar resigned as head of Pakistan's central bank in Jan 2014, as Pakistan begins its second quarterly review with the IMF representatives in Dubai. The IMF has only released $1.1 billion from a $6.7 billion bailout in Sept. 2013. The quarterly reviews are designed to see that Pakistan meets the bailout conditions. The new administration of prime minister Nawaz Sharif is making an effort to bring the security situation under control in Karachi and other cities to generate business confidence and expansion.
In its performance review for Pakistan the IMF says growth estimate is 2.8% for 2014. The IMF sees a poor outlook for the balance of payments situaion, and has raised the issue of critically low foreign exchange reserves. Inflation is increasing and is at about 11%. Foreign currency reserves have declined from over $6 billion in 2013 to less than $4 billion. Yaseen Anwar resigned as head of Pakistan's central bank in Jan 2014, as Pakistan begins its second quarterly review with the IMF representatives in Dubai. The IMF has only released $1.1 billion from a $6.7 billion bailout in Sept. 2013. The quarterly reviews are designed to see that Pakistan meets the bailout conditions. The new administration of prime minister Nawaz Sharif is making an effort to bring the security situation under control in Karachi and other cities to generate business confidence and expansion.
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The judicial system shows its independence from political parties in Ghana as it affirms the election of president John Mahama by 325,863 votes out of 11 million votes cast. Both political parties accept the court's verdict after 6 months of daily televised hearings. This is seen as a victory for the maturing process of democracy in Ghana.
The judicial system shows its independence from political parties in Ghana as it affirms the election of president John Mahama by 325,863 votes out of 11 million votes cast. Both political parties accept the court's verdict after 6 months of daily televised hearings. This is seen as a victory for the maturing process of democracy in Ghana.
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The collapse of the Irish economy as house prices drop 50%, bank stocks drop 90% and unemployment rearches 10% in 2008. In Limerick unemployment is 14% and higher in some areas of the city. Mr Dunne, Ireland's best known developer, once paid in July 2005 the amount of 379 million euros for a 7 acre plot in the exclusive Ballsbridge neighborhood of Dublin. He planned a one billion euro development on that site. He is now insolvent.
The collapse of the Irish economy as house prices drop 50%, bank stocks drop 90% and unemployment rearches 10% in 2008. In Limerick unemployment is 14% and higher in some areas of the city. Mr Dunne, Ireland's best known developer, once paid in July 2005 the amount of 379 million euros for a 7 acre plot in the exclusive Ballsbridge neighborhood of Dublin. He planned a one billion euro development on that site. He is now insolvent.
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With 80% of China's pork supples coming from small farms in China's rural areas, the prices of pork will continue to be volatile. This is not likely to change soon. Pork prices are a significant part of the food price component in the price index.
With 80% of China's pork supples coming from small farms in China's rural areas, the prices of pork will continue to be volatile. This is not likely to change soon. Pork prices are a significant part of the food price component in the price index.
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The IMF commmittment to troubled European economies is large, at $320 billion, 40% of its theoretical financing capacity, and exceeds its role in the 1997 Asian financial crisis. Concern that the IMF is now helping politicians protect the eurozone. And fears that the lack of the option of devaluing currency leaves too much of the burden on cutting spending in the midst of a recession. Deficit reduction in the current situation will take years to happen.
The IMF commmittment to troubled European economies is large, at $320 billion, 40% of its theoretical financing capacity, and exceeds its role in the 1997 Asian financial crisis. Concern that the IMF is now helping politicians protect the eurozone. And fears that the lack of the option of devaluing currency leaves too much of the burden on cutting spending in the midst of a recession. Deficit reduction in the current situation will take years to happen.
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The impact of increasing use of labor saving machinery on jobs.
The impact of increasing use of labor saving machinery on jobs.
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Original article 1 minute, gist 1 minute
Original article 1 minute, gist 1 minute
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After major declines in production in 2011 following the tsunami and earthquake, Japan's big three automakers are rebounding quickly in the domestic market. Toyota says its sales in April tripled to 107,826 in April from the prior year and exports increased six fold to 180,050. Nissan says domestic sales increased by 64% to 39, 413, and exports tripled to 52,660. Honda says domestic sales doubled to 55,500, and exports triped to 217,977.
After major declines in production in 2011 following the tsunami and earthquake, Japan's big three automakers are rebounding quickly in the domestic market. Toyota says its sales in April tripled to 107,826 in April from the prior year and exports increased six fold to 180,050. Nissan says domestic sales increased by 64% to 39, 413, and exports tripled to 52,660. Honda says domestic sales doubled to 55,500, and exports triped to 217,977.
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Argentina's economy minister, Axel Kicillof, and the nationalization of YPF, compensation to Repsol and international creditors. Kicillof lectured on Economics at the University of Buenos Aires. As deputy minister in 2012 he was responsible for the natonalization of oil company YPF, controlled by Repsol. Kicillof was critical of the sale of YPF to Repsol in 1999. In a recent interview he wa critical of "disinformation" campaigns in social media and the psychological effect of media information in creating economic situations such as a run on a national currency. The peso has declined sharply in January 2014. Critics say Kicilloff created some of the problems with international creditors that he is now working to correct and attract foreign investment.
Argentina's economy minister, Axel Kicillof, and the nationalization of YPF, compensation to Repsol and international creditors. Kicillof lectured on Economics at the University of Buenos Aires. As deputy minister in 2012 he was responsible for the natonalization of oil company YPF, controlled by Repsol. Kicillof was critical of the sale of YPF to Repsol in 1999. In a recent interview he wa critical of "disinformation" campaigns in social media and the psychological effect of media information in creating economic situations such as a run on a national currency. The peso has declined sharply in January 2014. Critics say Kicilloff created some of the problems with international creditors that he is now working to correct and attract foreign investment.
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