German parliament approves third Greek bailout after heated debate
Following three hours of discussion in the Bundestag, 453 MPs voted for €86bn rescue package, while 113 voted against it and 18 abstained Germany’s parliament has backed a third Greek bailout following a heated debate in the Bundestag, despite widespread misgivings over whether the country will manage to implement reforms in return for money. Following […]
Why we should take Corbynomics seriously
A state-led investment programme offers a way to steer British economy away from private speculative activity to long-term sustainable growth investment Fiscal austerity has become such a staple of conventional wisdom in the UK that anyone in public life who challenges it is written off as a dangerous leftist. Jeremy Corbyn, the current favourite to […]
China has almost wiped out urban poverty. Now it must tackle inequality
Despite China’s world-beating success at eradicating poverty, economic disparity persists. How will the government ensure no one is left behind? Whether it’s the currency devaluation or the stock market rout, the economic news coming out of China seems unremittingly negative – and that’s not to mention the horrific explosions in Tianjin. But here’s some good […]
What will it take for brands to deliver on the promise of greener chemicals?
That momentum behind green chemistry in the 1990s has never waned, but it’s never exactly exploded either. Is that about to change? Sign up for our event on making green chemistry mainstream on 2 September in New York City When Paul Anastas coined the term “green chemistry” back in 1991, he was a 28-year-old staff […]
Imperial Tobacco climbs on upbeat outlook
Company shrugs off flat revenues and says US acquisition made a good start Despite reports that vaping could spell the end for cigarettes, and despite a fall in volumes, Imperial Tobacco is upbeat about the outlook. The company, whose brands include Gauloises and John Player Special, reported flat revenues in the first nine months of […]
Ditch your assumptions about Uber and Airbnb: the 'gig economy' is no game-changer
With the current lack of data, we can’t be sure what impact the ‘gig economy’ is having on people’s lives but it is certainly not a new phenomenon Big claims have been made that the future of work lies in self-employment, multiple job holding, short duration employment and temporary employees. The permanent employee job, we […]
Calls for lithium battery review after Boeing Dreamliner fire at Heathrow
Air Accident Investigations Branch raises concerns that aircraft equipment powered by the batteries could be vulnerable in report on 2013 blaze Investigators are calling for a safety review of all lithium battery-powered equipment on planes after a fire on board a parked Boeing 787 Dreamliner at Heathrow, which crew would have struggled to contain in […]
Chinese stock markets close higher after volatile session
Markets continue their rollercoaster ride, with stocks first dipping then rising in last few hours of trading Chinese stock markets have tumbled and soared in a turbulent session that highlighted investors’ lack of faith in a month-long government effort to stabilise them. The Shanghai and Shenzhen markets fell 3% on Wednesday morning, taking their losses […]
Asian shares plunge to two-year lows as China stocks continue to fall
Shanghai shares index drops 3.9%, denting hopes of Chinese stock markets stabilising following last week’s devaluation of yuan Asian shares on Wednesday struggled at two-year lows after Chinese stocks extended their fall, stoking fears about the stability of China’s economy. Related: Eight reasons why China’s currency crisis matters to us all Continue reading… Source: The […]
Red Hill coalmine in central Queensland receives federal environment approval
No start date set for the BHP Billiton Mitsubishi Alliance underground mine north of Moranbah, which the company says will deliver 1,500 permanent jobs A new coalmine in central Queensland has received federal environment approval, but no start date has been given for the underground operation. Promoters say the Red Hill mine, north of Moranbah, […]