Obama gives “New NATO” a go-ahead
In his annual State of the Union speech, US President endorsed long awaited EU-US free trade talks that could spur growth and create new jobs.
World economy
Dennis Lockhart: “Amid deleveraging, the US can only grow by 2.5%”
MADRID | Dennis Lockhart, president of the Atlanta Federal Reserve: “Why couldn’t we grow by a higher rate? Because people still are in the middle of a deleveraging process, which makes it near impossible that consumption takes off again.”
China needs more than just exports
China’s economic miracle was possible thanks to three decades of cheap manufacturing and exports. Thousands of workers left their villages to become the cheap labour force of China’s southern cities. Now this is a thing of the past.
Russians in Putin’s Russia
Evgeniya Khilji | Tensions between “Russians” and “others” can be observed more closely in Putin’s Russia’s large cities such as Moscow and St. Petersburg, where the concentration of legal and illegal immigrants is high. Ethnic Russians feel threatened by the large numbers of incoming ‘visitors’.
Global warming for a wealthier Greenland
Presseurop.eu | By Annelien De Greef | For a long time, prawns were all that Greenland was famous for. However, the melting ice caps mean that natural resources are there for the taking. This development is both a curse and a blessing and one that puts the Danes in a difficult situation.
Why the ecologist fundamentalists hate fracking
Our welfare depends on finding more affordable production systems, too, because it frees capital and human workforce that can be used in other fields. This is how an economy improves.
Hope turns into disappointment in Brazil
BARCELONA | By CaixaBank Research | Brazil’s GDP grows by a disappointing 1% year-on-year in the third quarter of 2012. Inflation fails to moderate and remains at 5.5%, above the central bank’s target.
Where shale gas meets wind energy
By Eberhard Rhein | When introducing new energy systems, policy makers should pay more attention to a balanced development between production and consumption.
Davos in brief
MADRID | By JLM Campuzano, Citigroup analyst | The World Economic Forum hosted in Davos these days focused its debates on how reliable is the economic recovery, central banks and currency exchange.
US unemployment rate improves, but does job creation?
BARCELONA | Maintaining growth is crucial to continue reducing debt and boosting the recovery in employment. The US unemployment rate falls to 7.7% thanks to the reduction in the labour force.