Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘BBC’

Daily Telegraph’s Peter Oborne resigns over HSBC coverage

Posted by hkarner - 19. Februar 2015

Date: 18-02-2015
Source: BBC

Peter Oborne said newspapers had “a constitutional duty to tell their readers the truth”

The chief political commentator of the Daily Telegraph has resigned from the paper, accusing it of a “form of fraud on its readers” for its coverage of HSBC and its Swiss tax-dodging scandal.

Peter Oborne claimed the paper did not give due prominence to the HSBC story because of commercial interests.

Newspapers had a “constitutional duty” to tell readers the truth, he said.

The Telegraph called Oborne’s statement an “astonishing and unfounded attack, full of inaccuracy and innuendo”. Den Rest des Beitrags lesen »

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IMF downgrades global growth forecast

Posted by hkarner - 20. Januar 2015

Date: 20-01-2015
Source: BBC

The recovery in the eurozone is expected to continue, but not strongly

The International Monetary Fund (IMF) has lowered its forecast for global economic growth for this year and next.

The IMF now expects growth of 3.5% this year, compared with the previous estimate of 3.8% which it made in October.

The growth forecast for 2016 has also been cut, to 3.7%.

The downgrade to the forecasts comes despite one major boost for the global economy – the sharp fall in oil prices, which is positive for most countries. Den Rest des Beitrags lesen »

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USA Russia: Obama suggests Putin ‘not so smart’

Posted by hkarner - 31. Dezember 2014

Date: 30-12-2014
Source: BBC

President Barack Obama has said Vladimir Putin made a “strategic mistake” when he annexed Crimea, in a move that was “not so smart”.

Those thinking his Russian counterpart was a “genius” had been proven wrong by Russia’s economic crisis, he said.

International sanctions had made Russia’s economy particularly vulnerable to changes in oil price, Mr Obama said.

He also refused to rule out opening a US embassy in Iran soon.

“I never say never but I think these things have to go in steps” he told NPR’s Steve Inskeep in the Oval Office. Den Rest des Beitrags lesen »

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Japan’s savings rate turns negative for first time

Posted by hkarner - 29. Dezember 2014

Date: 28-12-2014
Source: BBC

For the first time since records were collected in 1955, Japan’s population is drawing down its savings and the savings rate, calculated as savings divided by disposable income plus pension payments, was negative 1.3%.

It’s a dramatic change from when the Japanese saved nearly a quarter of their income (23.1%) when the savings rate peaked in 1975.

Japan had the highest household saving rate in the OECD in the 1960s until it fell to the lowest. After all, an aging population draws down savings and Japan is the fastest-aging country in the world; its population has been shrinking for a decade. Den Rest des Beitrags lesen »

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The Largest Vessel Ever Built

Posted by hkarner - 17. Dezember 2014

by Shell for Gas Liquification offshore Australia

Largest vessel ever built

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Is China’s economy really the largest in the world?

Posted by hkarner - 17. Dezember 2014

Date: 16-12-2014
Source: BBC

For the first time in more than 140 years, the US has lost the title of the world’s largest economy – it has been stolen by China, according to the IMF. But how reliable are the statistics underpinning this claim? The BBC’s economics editor, Robert Peston, explains lower down why China matters to all of us.

The Chinese economy is now worth $17.6tn, slightly higher than the $17.4tn the International Monetary Fund (IMF) estimates for the US.

So for the first time since 1872, when it overtook the UK, the US has been knocked off the top spot.

The IMF calculated these figures by using purchasing power parity (PPP) which enables you to compare how much you can buy for your money in different countries. As money goes further in China than in the US, the figure for China is adjusted upwards. Den Rest des Beitrags lesen »

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Superbugs to kill ‘more than cancer’ by 2050

Posted by hkarner - 11. Dezember 2014

I hope I still will be alive by then! (hfk)

Date: 11-12-2014
Source: BBC

Drug resistant E.coli bacteria are already a significant problem in Europe
e-coli bacteriaDrug resistant infections will kill an extra 10 million people a year worldwide – more than currently die from cancer – by 2050 unless action is taken, a study says.

They are currently implicated in 700,000 deaths each year.
The analysis, presented by the economist Jim O’Neill, said the costs would spiral to $100tn (£63tn).

He was appointed by Prime Minister David Cameron in July to head a review of antimicrobial resistance.

Mr O’Neill told the BBC: “To put that in context, the annual GDP [gross domestic product] of the UK is about $3tn, so this would be the equivalent of around 35 years without the UK contribution to the global economy.” Den Rest des Beitrags lesen »

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Is the global economy headed for the rocks?

Posted by hkarner - 19. November 2014

Date: 18-11-2014
Source: BBC

NikkeiWell David Cameron, perhaps learning a lesson from his stockbroker father, got his timing right.

On the morning that he warns (in the Guardian) that red lights are flashing on the dashboard of the global economy, Japan announces that it has unexpectedly crashed into recession.

Japan is still the world’s third biggest economy. And its economic contraction, which caught markets by surprise, coincides with the prolonged flatlining of the eurozone (which was confirmed on Friday) and what looks like a long-term deceleration of growth in China.

Apart from India and Mexico, most of the rest of the developing world and the so-called Brics – notably Brazil and Russia – are finding the going much tougher.

There are two apparent beacons in the gloom – the UK and US, where annual growth in national income is around 3%.

So what do the US and UK have in common?

They have central banks that have kept the cost of money cheaper than it has ever been for five years, their public-sector austerity has been less severe than billed, and their labour markets are more flexible than most in the developed world. Den Rest des Beitrags lesen »

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Rockefellers to switch investments to ‘clean energy’

Posted by hkarner - 24. September 2014

Date: 23-09-2014
Source: BBC

Heirs to the Rockefeller family, which made its vast fortune from oil, are to sell investments in fossil fuels and reinvest in clean energy, reports say.

The Rockefeller Brothers Fund is joining a coalition of philanthropists pledging to rid themselves of more than $50bn (£31bn) in fossil fuel assets.

The announcement was made on Monday, a day before the UN climate change summit opens on Tuesday.

Some 650 individuals and 180 institutions have joined the coalition.

It is part of a growing global initiative called Global Divest-Invest, which began on university campuses several years ago, the New York Times reports.

Pledges from pension funds, religious groups and big universities have reportedly doubled since the start of 2014.

UN summit
Rockefeller Brothers Fund director Stephen Heintz said the move to divest from fossil fuels would be in line with oil tycoon John D Rockefeller’s wishes,

“We are quite convinced that if he were alive today, as an astute businessman looking out to the future, he would be moving out of fossil fuels and investing in clean, renewable energy,” Mr Heintz said in a statement. Den Rest des Beitrags lesen »

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China’s per capita carbon emissions overtake EU’s

Posted by hkarner - 23. September 2014

Date: 22-09-2014
Source: BBC

New data on carbon shows that China’s emissions per head of population have surpassed the EU for the first time.

The researchers say that India is also forecast to beat Europe’s CO2 output in 2019.

Scientists say that global totals are increasing fast and will likely exceed the limit for dangerous climate change within 30 years.

The world has already used up two thirds of the warming gases researchers calculate will breach 2 degrees C.

We have not accepted that we will not be able to burn all this fuel, the scale of action that is required has not sunk in. ”
Prof Corinne Le Quere University of East Anglia

The Global Carbon Project involves researchers from several different institutes around the world and it provides objective details on the scale of annual emissions.

The latest data shows that a record 36 billion tonnes of carbon from all human sources were emitted in 2013. Den Rest des Beitrags lesen »

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