Economy Archives

Egypt unveils the new Suez Canal

International Finance DeskAugust 7, 2015

by International Finance DeskAugust 7, 2015

The project has been completed in a record time of 13 months IFM Correspondent August 7, 2015: Egyptian president Abdel Fattah el-Sisi has unveiled a major extension to the Suez Canal at a lavish ceremony on Thursday. The former army chief formally inaugurated the $8.5 billion project as fighter planes and helicopters flew overhead. “Egyptians...

Economy

China’s slowdown will affect world economy

International Finance DeskAugust 5, 2015

by International Finance DeskAugust 5, 2015

East and Southeast Asia will be hit harder Shang-Jin Wei August 5, 2015: After many decades of driving regional growth, the economy of the People’s Republic of China (PRC) is now slowing down, and this is likely going to have a noticeable effect on the world economy and especially globally integrated economies in developing Asia....

Economy

A nation in pain

International Finance DeskJuly 28, 2015

by International Finance DeskJuly 28, 2015

Worsening economy and increased suicide rate amid debt crisis in Greece Kamilia Lahrichi July 28, 2015: A few kilometers away from the cradle of Greek civilization, on the Aegean Sea, sailing boats are swaying with the strong wind. “The referendum was like being in a sinking ship with [Prime Minister Alexis] Tsipras as the only...

Economy

Chinese government’s reaction to stock prices worrying

International Finance DeskJuly 17, 2015

by International Finance DeskJuly 17, 2015

The surprise was not that the government intervened, but the manner in which it did Suparna Goswami Bhattacharya July 17, 2015: While the world is focused on the Greece crisis, there is something more serious brewing in the east. The tumbling stock prices in China has left everybody wondering what went wrong with the market...

Economy

Grexit avoided, but for how long?

International Finance DeskJuly 14, 2015

by International Finance DeskJuly 14, 2015

Right now, the deal is just an agreement to reach a deal Carsten Brzeski July 14, 2015: After another marathon in Brussels, Eurozone leaders decided on a path towards a third bailout package for Greece. We are still waiting for the official and written summit declaration to be released but here is our first take...

Economy

Challenges of Saudisation

International Finance DeskJuly 13, 2015

by International Finance DeskJuly 13, 2015

To meet demand from industries, the Saudi government is opening colleges and universities to foster skill development among its youth Suparna Goswami Bhattacharya July 13, 2015: For decades now, Saudi Arabia has managed to attract talented expats from around the world. The region, in fact, became a favourite destination for those looking to work outside...

Economy

Kenya’s betting big on infrastructure

International Finance DeskJuly 10, 2015

by International Finance DeskJuly 10, 2015

Earlier this year, various organisations placed the East African nation among the fastest growing economies in the world Amoxers Wachira and Veronicah Riba July 10, 2015: Africa has been described as the Dark Continent for many years. However, with economies of a couple of African countries recording growth in recent years, the narrative is quickly...

Economy

Greek Referendum: What happens next?

International Finance DeskJuly 8, 2015

by International Finance DeskJuly 8, 2015

A temporary agreement based on the deal that was “on the table” before the Greek side walked out of the negotiations Oliver Adler July 8, 2015: A majority of Greek electorate voted to reject the proposed bailout “deal”. We now see two possible scenarios. A temporary agreement based on the deal that was “on the...

Economy

Japan trying to revive startup eco-system

International Finance DeskJuly 6, 2015

by International Finance DeskJuly 6, 2015

Back in the ’40s, the nation was known for producing startups that went on to become world-class companies Suparna Goswami Bhattacharya July 6, 2015: For the past two decades, Japan has been searching to get its economic mojo back. Several governments have done their bit, but nothing seems to have paid the desired dividends. In...

Economy

Greece – the day after: Time for a fresh start?

International Finance DeskJune 30, 2015

by International Finance DeskJune 30, 2015

This might be the beginning of a new dialogue Thorsten Beck June 30, 2015: The breakdown of negotiations between Greece and the Troika comes as a shock. It is not, however, the end of the game. This column argues that the rupture can serve as a starting point for a new relationship between Greece and...