Economy News

Thursday, October 20, 2016

Bank of England rebuts May and Hague's attacks on quantitative easing

Money creation benefited the economy, lifted FTSE and boosted exports, paper says countering PM’s claims of ‘bad side effects’ of QE
Bank Of England governor Mark Carney talking about the Quarterly Inflation Report in August.

Saturday, October 15, 2016

Federal Reserve minutes show close call on September interest rate hike

Three central bankers voted in favor of increasing rates amid easing risks of Brexit but experts still expect only one hike this year, after December meeting
Janet Yellen

Mark Carney: Bank of England will not take policy instructions from politicians

Governor was speaking a week after Theresa May took a swipe at Bank’s impact on ‘ordinary’ people
Mark Carney


Friday, October 7, 2016

Obama envisions America's economic future and defends free trade

President writes an ‘unapologetically centrist essay’ for the Economist that reads like an open letter to his successor and a condemnation of ‘crude populism’
Barack Obama

Monday, October 3, 2016

Donald Trump is a 1%er. Paying taxes is optional to people like him Kate Aronoff

Whatever populist mask Trump wears, his financial arrangements and regressive economic plan show his true elitist colours

Donald Trump at the New York Stock Exchange.

Friday, September 30, 2016

Best Android Phones: Q3 2016

After the usual summer respite, our Q3 2016 Best Android Smartphones guide arrives in the middle of the fall frenzy, which has already produced a number of new phones, including the Samsung Galaxy Note7, Apple iPhone 7 and 7 Plus, Honor 8, the new modular Moto Z family from Motorola, and even a new brand from Huawei—Nova—to name just a few. There’s still several high-profile products still to come too, such as the LG V20, two new Nexus phones, and a new Mate phablet from Huawei.

Sunday, September 25, 2016

Former IMF head Rodrigo Rato on trial over bankers’ luxury sprees

Rato will stand trial with 65 other former bank executives over allegations they spent $13.5m on personal expenses
Rodrigo Rato (centre)


Thursday, September 22, 2016

Smartphones HTC Announces Desire 10 Pro and Desire 10 Lifestyle

As the holidays approach, OEMs often refresh their device portfolio to make sure that they put their best foot forward as a significant proportion of sales occur towards the end of the year. Today HTC is refreshing their mid-range with the Desire 10.

OECD in Brexit warning U-turn as it revises growth forecast for UK

Thinktank backs public spending plans and revises growth forecast based on stronger than expected first-half performance

Organisation for Economic Co-operation and Development chief economist Catherine Mann presents the interim economic outlook at OECD headquarters in Paris.

Wednesday, September 21, 2016

Why everyone is talking about US interest rates today – and why it matters

Today’s the day the US central bank will decide, once again, whether or not to raise interest rates for the first time since 2015 – but it’s looking unlikely

Janet Yellen

 Janet Yellen and crew meet again in December and economists are betting that December will be THE month. Photograph: Carlos Barria/Reuters