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In the News
Amazon initiates big job cuts - starting with Alexa
Amazon braces itself for slower growth and a possible recession - many other tech companies have initiated thousands of job losses. Now Amazon has followed suit.
Ten Years On - Mozambique starts to export liquified natural gas
This is an important growth and development story to keep an eye on as application for your exams. For Mozambique -- one of the world’s poorest nations -- it marks the end of a decade-long wait to...
Recession Watch - The UK Economy is Shrinking!
Here comes recession! News today that the UK economy shrank between July and September. GDP in the UK fell by 0.6% in September. This was affected by the state funeral for the Queen.
Why Amazon still needs humans in the robot age
Amazon is one of the modern economy's great innovators, and in this article from BBC news the rise of robots in its warehouses is highlighted - although the company is coy about the effects of...
Economics Weekly Quiz | 11 November 2022
Here's our weekly economics news quiz.
Worsening health holds back UK economic growth
The former Chief Economist of the Bank of England, Andy Haldane has claimed that poor health is acting as a drag on economic growth. New data finds that long-term sickness in the UK has risen by...
Which UK bank makes the highest profits?
Which bank makes the highest profit in the UK? HSBC is the UK’s biggest bank and their profits have benefitted from the recent increase in interest rates. Interest rates have been rising in many...
Theory of the Firm - Egg farmers get squeezed by higher costs
This is an excellent article for sophisticated cost and revenue analysis - costs of producing eggs have gone up - notably feed and energy costs, and yet the price that supermarkets are paying have...
Business Growth - Foxconn invest in electric truck manufacturer
iPhone maker Foxconn is investing in loss-making electric truck manufacturer Lordstown Motors, buying an 18% stake in the company for $170m.
Labour Market Rewards - FTSE-100 CEO Pay climbs 23% this year
Are we truly all in this together? The Guardian reports that FTSE 100 chief executives’ pay soared to £3.9mn — an average rise of 23% this year, according to research from PwC.
Nuclear Energy - Sizewell C new nuclear plant under review
The inter-linked nature of policymaking is demonstrated here - the original imperative, to reduce public spending, might see the government delay or halt the building of a new power station at...
The state subsidising public transport in Germany has become a live political issue after the federal government announced a new monthly ticket for 49 euros.
Economics Weekly Quiz | 04 November 2022
Here's our weekly economics news quiz.
Biggest Rise in UK Interest Rates for 33 Years!
The Bank of England has raised UK policy interest rates by 0.75 percentage points to 3 per cent. This is the single biggest rate increase in more than three decades. The Bank of England chief...
Monetary Policy - Bank of England starts to reverse QE!
On Tuesday 1st November, the Bank of England became the first central bank among advanced economies to start actively selling off its bond holdings.
Recession Watch - UK House Prices Fall in October 2022
The average price of a property in the UK has seen the first monthly fall since July 2021. The Nationwide is Britain’s biggest building society and one of the largest mortgage lenders. Their latest...
Energy Economics - BP makes record profits
Yet more news of supernormal profits in the oil and gas industry. BP has announced a surge in profits making $7 billion in the 3rd quarter of 2022.
Competition Policy - Mega Publishing Merger is Blocked
Mergers and takeovers are rarely blocked, so this is a good example to add to your Year 13 microeconomics notes on monopoly and competition in markets.
Contestable Markets - EU Digital Markets Act
The new European Union Digital Markets Act (DMA) is designed to open up messaging and app buying and diminish the market power of tech giants, like Google and Apple, by forcing them to make their...
Recession Watch - UK Households Saving More and Borrowing Less
The latest data shows that there was an increase in saving and reduction in borrowing in September, and the macroeconomic implications of this should be self-evident.