The whole idea of global value chains will be reconsidered after coronavirus

Apr 30, 2020 08:49 am UTC| Economy

In 2015 the Cameron government struck an unprecedented deal with French and Chinese companies to build a nuclear power station at Hinkley Point in Somerset, south-west England. The deal now looks like the high point in the...

As states weigh human lives versus the economy, history suggests the economy often wins

Apr 30, 2020 08:40 am UTC| Economy

Policymakers are beginning to decide how to reopen the American economy. Until now, theyve largely prioritized human health: Restrictions in all but a handful of states remain in effect, and trillions have been committed...

The condominium’s grim reapers: Coronavirus and recession

Apr 30, 2020 08:25 am UTC| Economy

The coronavirus pandemic and the ensuing economic recession pose serious issues for condominium life. They also raise to a crisis level chronic condominium governance problems of litigiousness, construction defects and...

Disaster capitalism: Coronavirus crisis brings bail-outs, tax breaks and lax environmental rules to oilsands

Apr 30, 2020 08:23 am UTC| Insights & Views Economy

Jason Kenney and the Alberta government have wasted no time using the current coronavirus crisis to aggressively deregulate the Alberta oilsands. Using executive powers granted under a provincial state of public health...

Pandemic Pulls Down Korea's Industrial Output by 0.3%

Apr 30, 2020 04:40 am UTC| Economy

South Koreas industrial output dipped 0.3 percent in March from a month earlier, as exports and private consumption went down due to the pandemic, according to Statistics Korea. The service sector posted the sharpest...

S.Korea Big Companies Eliminate 10,000 Jobs During Outbreak

Apr 30, 2020 04:40 am UTC| Economy

Large South Korean firms phased out over 10,000 jobs in the past two months due to social distancing measures caused by the outbreak that curtailed consumer spending. On the contrary, there were 3,400 jobs created in...

S.Korea President Calls for Quick Action to Boost Spending, Help Economy

Apr 30, 2020 04:39 am UTC| Economy

South Korea is planning on a multi-trillion-won extra budget to boost domestic demand, as President Moon Jae-in called for swift and decisive policy action to revitalize the economy. The economy is facing an uphill...