The Latest News on Global Economics
Everything you need to know about global economics and international trade.
The World Economic Forum (WEF) conducted its annual survey of all global economies and rated each one based on 12 “Pillars of Competitiveness” covering a number of factors affecting individual economies such as “Health & Primary Education”, “Technological Readiness, and “Innovation”.
Thursday saw the Barclays group announce the appointment of Antony Jenkins to the role vacated by Bob Diamond earlier this summer. Analysts have already begun to question the future of the investment banking arm of the group.
Lufthansa employees won the battle with inflation, for the time being, as they managed to get a 5.1% raise in their wages, after a week’s strike and hard negotiations with the German airline’s management team.
Despite the fact Fed policy makers cut the rates seven times already since September 2007, which amounts to a total of 3% decrease in borrowing costs, the average rate for a 30-year fixed mortgage dropped only half a percentage compared to the same period.