Corporations around the world have billions of dollars in their bank accounts and they don’t spend it because the economy is not growing, but the economy is not growing because they are not spending the money, stock market analyst David Kuo told RT.
Even though China is stronger in terms of purchasing power parity (PPP), the US remains the largest economy in absolute terms and is likely to keep this position for at least six more years, Max Fraad Wolff, New York based economist, told RT.
All eyes were on Apple’s big unveiling on Tuesday — or at least that was the plan — but computer issues kept many people around the globe from watching a live broadcast of the Silicon Valley giant’s highly-anticipated product launch.
The cost of getting rid of US citizenship has quadrupled to $2350, up from $450. The changes will come into effect on September 6th and the State Department says it is necessary to cover the real cost of processing an application to lose citizenship.
The International Monetary Fund has given a green light for Ukraine to receive the second tranche of financial assistance totalling $1.39 billion, meaning more austerity measures for the already struggling economy.
With natural gas shortages central heating may not be in place in Ukrainian flats for the cold winter. While people are rushing to buy electric heaters, authorities have issued brochures with advice on how to cope with freezing temperatures.
Australians invested just $40 million in renewable energy in the first half of 2014, the lowest figure since the first half of 2001. The investment shift comes as the country prepares to vote on lifting the two-year fixed price on carbon emissions.