Chancellor Rishi Sunak announced the UK furlough scheme to pay wages of workers on leave because of coronavirus has been extended to October. He further said the government-backed workers and companies going into the lockdown, and would support them coming out and confirmed that employees will continue to receive 80 per cent of their monthly…
Navinder Singh Sarao, a mathematical prodigy turned trader , a Cheeky school boy tuned to supposedly master criminal, contrived to have himself hunted down by the FBI for crashing the US Stock market, from a computer in his bedroom in his parental home under a flight path in drab London suburbia in working-class neighbourhood of…
Protective screens and reduced hot-desking alternatives to social distancing where it is not possible are among measures being considered to let workplaces reopen. Reopening the economy will take more than modified working practices. Workers must be confident they are safe. Companies must be confident they won’t be sued if they get it wrong. And consumers…
Bill Gates: China did many things right and their criticism over COVID-19 is a distraction Microsoft co-founder Bill Gates said “China did many things right at the beginning like any country where a virus emerges, and their criticism was a distraction. It does not affect how we act today”. He further said, “…
Kishore Mahbubani, a former president of the UN Security Council (Jan 2001, May 2002), a scholar and diplomat with unrivaled access to policymakers in Beijing and Washington, has given us a definitive guide to the deep fault lines in the relationship and assessing the risk of any confrontation, and an honest appraisal of the…
Bloomberg Businessweek reporter Dexter Roberts in The Myth of Chinese Capitalism, reveals many of the social tensions now threatening to explode in China can be traced to the hukou – a small red passbook that records where a family is officially is registered as living and what benefits it is entitled to. The result is…
Chancellor Rishi Sunak in his bold budget speech suspended business rates for shops and cafes, Beer, wine and cider duties were frozen as pubs get help, UK interest rates cut in an emergency move, and promises his measures to help the economy tackle the coronavirus outbreak which is expected to bring a “significant” short-term…
Capital and Ideology by Thomas Piketty contains fascinating descriptions of unknown historical uprisings against inequality such as Haitian revolution and describes societal system through the ages – slavery, serfdom, feudalism, communism, hypercapitalism, colonialism and caste, class collectively as “Inequality regimes” shaping the lives of billions and uses historical sources to chart the distribution of incomes…
Italy will inject €3.6bn into its economy to alleviate the impact of coronavirus in Europe as a result of transport and supply chain disruptions resulting from measures taken to curb the outbreak. Roberto Gualtieri, economy minister, said: “ We would introduce tax credit s for companies that reported a 25 per cent drop in revenues,…
More is an eloquent and detailed new history of the global economy from Philip Coggan, a senior economist journalist, and former Financial Times columnist – is very concerned that what compound economic growth has achieved is not even generally appreciated. More takes us through the development of the world economy starting with the first obsidian…