Why cities should stop building museums and focus on festivals

May 13, 2016 11:19 am UTC| Insights & Views Economy

Last year the Institute of Museum and Library Services offered a catchy statistic: the United States has more museums than all the Starbucks and McDonalds combined. Its easy to understand why cities will leap at the...

Germany Q2 GDP likely to slow down following sluggish global recovery path

May 13, 2016 11:01 am UTC| Commentary Economy

Germany is poised to witness a weak second quarter in terms of growth output following mild recovery after the country posted better than expected output figures for the first quarter of the fiscal year. Output had more...

Malaysian GDP surprise markets on the upside following boost in private consumption

May 13, 2016 09:15 am UTC| Commentary Economy

Malaysian gross domestic product surprised markets, registering 4.2 pct, against expectation of 4 pct on rise in private consumption. However, this marks the slowest growth since mid-2009, albeit better than market...

German economy grows at highest quarterly pace in two years in Q1 on domestic demand

May 13, 2016 08:57 am UTC| Commentary Economy

Germanys economy recorded the highest quarterly growth in two years in the first quarter of 2016, aided by the mild winter and possibly the leap year. According to German federal statistics office Destatis, the nations GDP...

Thai economy to grow slightly stronger in 2016, inflation to hover around 0 pct

May 13, 2016 08:56 am UTC| Commentary Economy

Prolonged political uncertainty in Thailand impacted the economic growth in 2012 and 2013. The tensed political climate alleviated slightly after the military coup in May 2014. But consumer and investor confidence continue...

US April import prices rise on increase in petroleum products cost

May 13, 2016 05:15 am UTC| Economy

United States import prices rose for the second straight month since mid-2015, albeit below expectations, on accelerating petroleum products cost. This is indeed an indication that inflation is likely to strengthen in the...

Spain suffers acute unemployment problem, reforms aim at handling dual job market

May 12, 2016 12:15 pm UTC| Economy

Spain is suffering the notches of a painful job market, unable to cater to the needs of the long-term unemployed and the youth. The Spanish employment has lost grip and flexibility over its long-hauling job...