world economy

Argentina bets on domestic spending to revive economy

Domestic consumption will be one of the main pillars of economic recovery in the wake of the novel coronavirus (COVID-19) pandemic, Argentine President Alberto...
Boris Johnson

British PM spending second night in intensive care

British Prime Minister Boris Johnson is spending a second night in intensive care in hospital, where he is being treated for COVID-19, and he...
Dr Martin Luther King Jr And Dr Benjamin Spock At Un Demonstration Against Vietnam War April

United States Military Policy and the Impact on Labor: A Historical Review

Decades of spending on wars have decimated the capacity of government and business to address the needs of society Note: This address was delivered at...
The Duchess and Duke of Sussex

The Duke and duchess of Sussex will not be spending Vals Day together

The British royals - who married in May at St George's Chapel at Windsor Castle - are preparing for their first Valentine's Day as...

Spring festival break brings to light new spending ways

The week-long Spring Festival holiday finished on Wednesday. The holiday not only has become a time for family gatherings and cultural activities, but also...

FG Keeps Refund of N388.304bn By 35 States Confidential

The Federal Government has told the Federal High Court in Lagos that the record of spending of N388.304billion London Paris Club Loan refunds by...
World Bank Group President Jim Yong Kim

World Bank President insists they had less say in spending Abacha’s loot

Dr. Jim Yong Kim, President World Bank Group has clarified the role played by the Bank in the spending of recovered loot by the...

Court orders gov’t to publish details of Paris club spending

There is prospect that Nigerians who were keen about knowing how exactly their governors spent Paris club refunds disbursement may soon have some answers, as...

Ghanaians seek more accountability on petroleum revenue spending

Civil Society activists speaking to Xinhua/CNC TV here late Thursday urged government of Ghana and its partners to ensure accountability in the usage of...

Finance Minister Promises to Curtail Wasteful Public Spending

Ghana’s finance minister has vowed to crack down on corruption and wasteful public spending as the government attempts to plug a financing gap and...

Most Americans identify with Trump Over family leave and infrastructure

Among over a dozen of policy actions or proposals by U.S. President Donald Trump, requiring companies to provide family leave for parents of a...
Governor El rufai

After spending N1.1 billion, El rufai abandons Kaduna School Feeding Program.

Several months after it was abandoned largely due to inability of funds, the Kaduna School Feeding Program has been discontinued, Per Second News learnt. The...
A housing project in Nanjing, capital of East China's Jiangsu province. [Photo/Asianewsphoto]

Beijing ramps up spending on housing renovation

The city of Beijing will spend 30.8 billion yuan (4.5 billion U.S. dollars) to renovate substandard urban houses in 2017, the government reported Sunday. ...
Fu Ying, spokesperson for the fifth session of China's 12th National People's Congress (NPC), takes questions from Chinese and foreign journalists during a press conference on the session on March 4, 2017. (Photo by Weng Qiyu from People’s Daily)

China to pursue low defense spending increment

China’s defense budget will increase by around 7 percent in 2017, Fu Ying, spokesperson for the two-week 12th National People's Congress (NPC) annual session...

China to Spend More on Military in 2017

China says it will increase military spending by about 7% this year, just days after Donald Trump outlined a boost to the US defence...
AFP/File / Sebastien Berda Eurozone unemployment in March fell to 10.2 percent, its lowest level since 2011, Eurostat said

Japan’s Jan. unemployment rate drops 3 percent, household spending down 1.2 percent

The unemployment rate in Japan in January dropped 0.1 percentage point from a month earlier to 3.0 percent, the Ministry of Internal Affairs and...

CFA tables new rules to curb club spending

Carlos Tevez arrives in China to hero's welcome following big-money move from Boca Juniors to Shanghai Shenhua. The Chinese Football Association has unveiled more new...

Wealthy busier earning big bucks, spending it in 2016

A pedestrian walks past a Louis Vuitton shop in Fuzhou, Fujian province.   China's wealthiest people have been busier earning big bucks, and more content...

Uli Hoeness Calls Chinese Clubs Spending As ‘Sick’

Bayern Munich president Uli Hoeness has labelled the spending power of Chinese clubs “sick” the day after Borussia Dortmund star Pierre-Emerick Aubameyang was linked...

China moves to curb splashy club spending

Tevez is believed to have become the highest-paid player in world football. China will put limits on the wild sums its clubs are spending on...

Rise in deficit spending, stable growth forecast for 2017

The Chinese government is expected to increase deficit spending in 2017 to cope with economic headwinds and keep GDP growth at a stable 6.5...

CSOs calls for checks on GNPC’s spending

Civil Society Organizations (CSOs) have called on the next government of Ghana to institute measures to monitor the spending of the Ghana National Petroleum...

Britain spends more on research and development in 2015

Research and development on civil projects during the year was just over 24 billion U.S. dollars, a six percent rise over 2014, while defense...

British shoppers shrug off Brexit effect

Economic forecasts before the Brexit vote on June 23 warned of a slowdown in GDP growth and in wage growth if Britain voted to...
Photo taken on April 10, 2015 shows a general view of the Kabul city in Kabul, Afghanistan. (Xinhua/Ahmad Massoud)

Afghan parliament disqualifies 2 more ministers

The move brought the number of disqualified ministers to five since Saturday, according to the speaker Abdul Raouf Ibrahimi. The legislators of...

Scandal rocks assembly over spending on security officers

Some assembly members are alleging that GHȼ90,000.00 was spent monthly on the police and military detachment for five months. The...

Premier League Payments Hits £1.165bn

Premier League clubs spent more than £155m on transfer deadline day as the summer window outlay reached a record £1.165bn. Teams had already...

Ugandan main opposition leader released on bail

High Court Judge Wilson Musene granted Besigye a non cash bail of 100 million Uganda shillings (about 40,000 U.S. dollars) on grounds of advanced...

EPL Transfer Window Spending in 1st Week Hits £300m

Premier League clubs have spent an estimated £300m during the first week of the summer transfer window. By comparison, £870m was spent during the...
Fireworks are seen during the 2015 Winter Festival of Lights in Niagara Falls, Canada, Dec. 25, 2015. As one of the foremost illumination festivals in Canada, the 2015 Winter Festival of Lights, which runs from Nov. 21, 2015 to Jan. 31, 2016, attracts hundreds of thousands of people. (Xinhua/Zou Zheng)

US$1 billion blown on U.S 240th independence fireworks

There are two broad types of fireworks. Consumer fireworks are those that average citizens use, and display fireworks— the kind used by professionals. According to...