Markets Archives - Page 666 of 782

China Scrambles To Crack Down On “Fake Eggs”

Local government authorities from the Guangdong province in China are stepping up food-safety inspections for the region, after a batch of suspect fake chicken eggs were discovered by a local supermarket shopper in its capital city of Guangzhou.

According to the China Daily, almost 3,000 eggs had to be removed from the supermarket, located within the Panyu district of Guangzhou, on Monday after a shopper complained that the ones he had bought were fake.

US Charges Chinese State-Owned Firm For Corporate Espionage

Prosecutors from the US Justice Department indicted a Chinese state-owned company, along with several other conspirators, on Wednesday, for an espionage scheme aimed at stealing industrial secrets from chemical giant DuPont.

U.S. Lifts Sanctions on Burma

Following Burma’s recent political reform, the United States has announced that it would lift sanctions on Myanmar, opening new economic and funding opportunities for the South-East Asian nation.

The United States State Department announced in a statement today that Secretary of State Hillary Clinton has signed a partial waiver of restrictions imposed on Myanmar under the Trafficking Victims Protection Act.

Ensuring Sustainable Development Is A Matter Of Human Decency: Jeffrey Sachs

Sustainable development means inclusive economic growth that protects the earth’s vital resources. Yet achieving it will be a matter not only of technology, market incentives, and appropriate regulations; we must embrace sustainable development as a common commitment to decency for all human beings, today and in the future.

IMF Warns China’s Growth May Halve If…

The International Monetary Fund warned yesterday that China’s economic growth could halve this year, should the European debt crisis escalate any further. Is China really heading for a sharp landing?

China’s stellar economic performance could soon come to an abrupt halt this year should the eurozone fall out.

Key Economic News To Watch This Week: Feb. 6

A quick preview of the key economic events for the upcoming week:

In the latest sign that China is slowing, analysts reported today that China Lunar Sales slowed to their lowest growth pace since 2009 while China’s home prices fell for the fifth consecutive month in January. China’s inflation data on Wednesday is likely to confirm a cooling of prices.

In currency markets, the euro is set to be back in the spotlight as traders anticipate the next move from the European Central Bank.

Monday, February 6

How Will China’s Connectivity Revolution Transform The Nation? : Stephen Roach

The pace of China’s Internet revolution has been breathtaking. Since 2006, the number of Internet users in China has more than tripled to 485 million, while the cost of connectivity is also expected to fall sharply as China’s Internet penetration rate continues to grow. But while it is always easy to get carried away with the numbers, the real change in China concerns the implications of connectivity, and not just its scale.

Germany Will Make An Example Of Greece: George Friedman

Germany is caught in a dilemma. On the one hand, while the Germans cannot afford austerity in troubled states due to the resulting decline in demand for German goods, cannot simply tolerate Greek-style indifference to fiscal prudence as well. In dealing with other countries such as Spain or Italy, Germany must now show with Greece that there are consequences to not complying with the orderly handling of debt without default.

Infographic: Millions Left Behind By The Internet Revolution

The Internet has been one of the greatest drivers of globalization, keeping people all over the world connected. But do we know how many have been excluded and falling through the cracks of the digital divide?

Remember the recent outcry over SOPA, and how millions were affected by Wikipedia’s 24 hour protest blackout? What about last year’s Occupy Movement, which was successfully organised with information disseminated efficiently via the Internet?

Britons Are Richer, But Not Happier

Can having more money make you happier? A report from Britain thinks otherwise: Britons have become richer in the last 60 years but they are also more stressed.

According to a recent report by the Chartered Institute of Personnel and Development (CIPD), Britons are a lot more stressed from work, citing longer working hours and a rise in unemployment as the key causes.

Furthermore, the report claims that the number of households without a single source of income has increased from 4 percent in 1952 to the current 18.8 percent.