World economy


Should Capitalism Grow Constantly? Innovation Is Key

Capitalism – or in fact any economy, if an alternative exists – should grow constantly, although not necessarily in quantity. It’s not so much about making a larger amount of exactly the same products and services, but about innovating and producing new goods and services at a lower cost.

global exconomics

Global Economic Growth Is speeding Up: Outlook And Risks

Enric Fernández (Caixabank) | The forecasts of the vast majority of analysts and international organisations point to an acceleration of global GDP growth in 2017. At CaixaBank Research we are predicting a growth rate in real terms of 3.4%, three tenths of a percentage point above last year. The improvement will be extensive for all the advanced economies (which we expect to grow 2%) as well as for the emerging markets (+4.5%)

china private oil companies

The Rise and Fall of China’s Private Oil Companies

By Fang Xiangliang and Coco Feng via Caixin | In 1999, Luo Lin quit his secure job at China National Petroleum Co. (CNPC) and founded his own private firm providing services to the massive state-owned oil giant. Back then he couldn’t have foreseen the dramatic ups and downs that would characterize the 25-year transition that such smaller oilfield service companies have experienced.

Fed's rate hikes

Misreading the tea-leafs for the Fed’s rate hikes

Federal Reserve Chair Janet Yellen said the primary reason for raising interest rates in March was a simple one: the central bank is confident in a steadily improving economy. The economy, however, has actually been deteriorating somewhat for Fed’s rate hikes.


Selectiveness Amongst Companies And The Salary Differential

In the US and other parts of the world a phenomenon has occurred which partly explains the differences in income: the different levels of success which different companies have. But it seems that companies were more uniform in the past. The salary differential happened within a company and could be translated into expectations of promotion or a better job like in the age of the “American dream”.

renewables record

Irena says 2016 record breaking year for renewables

Dániel Stemler | According to the latest report by the International Renewable Energy Agency (IRENA), last year was a record year for renewables as the “global renewable energy generation capacity increased by 161 gigawatts (GW) in 2016”.

Trump accusing Obama

The Trump Lie Detector

Ian McCredie | President Trump told the House GOP conference just before the fateful health care debacle that if they did not pass the bill: “I honestly think many of you will lose your seats in 2018.” This was the day after the heads of both the FBI and the NSA publicly exposed Trump as a liar for accusing former President Obama of wiretapping Trump Tower in the run-up to last year’s presidential election.