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#World Economy

# world-economy - Wednesday 20 June, 2018

EU counter-tariffs on US products including blue jeans, motorbikes and whiskey kicking in on Friday

Cranberries, cranberry juice, orange juice, sweetcorn and peanut butter are among the other food products targeted.

# world-economy - Wednesday 3 September, 2014

Moving up in the world: Ireland is now the 25th most competitive country

We got high scores for primary education but our macroeconomic environment is dragging us down.

# world-economy - Wednesday 25 September, 2013

Column: If we work together, global poverty can be abolished by 2030

The recipe to fight world poverty is working, writes Hans Zomer, who says global levels of extreme poverty have already fallen to half what they were 13 years ago thanks to focused efforts by the international community.

# world-economy - Wednesday 18 January, 2012

World Bank warns of global growth slowdown

It could be worse than 2008.

# world-economy - Tuesday 1 November, 2011

Markets drop on Greek referendum 'grenade'

Investors react to news that Greece intends to hold a referendum on its latest bailout agreement, despite the unpopularity of the deal.

# world-economy - Tuesday 20 September, 2011

IMF lowers forecasts for world economic growth

But in its latest World Economic Outlook it has left its projections for Ireland unchanged.

# world-economy - Friday 5 August, 2011

Explainer: Why are the markets in chaos, and should you be worried?

Here’s everything you need to know about today’s worldwide fall on stock exchanges.

# world-economy - Wednesday 15 June, 2011

Tear gas fired at protesters in Greece as thousands march against austerity measures

Irish people living in Athens have told that violence is being caused by a small minority, and that life there has become very difficult.

# world-economy - Tuesday 14 June, 2011

The Daily Fix: Tuesday

All the day’s news, and the bits and pieces you may have missed…

Greece's credit rating downgrade drags the price of US oil down with it

Oil prices slipped in the wake of concern about a weakening global economy. Analysts expect crude prices to fall over the next few months.

# world-economy - Thursday 26 May, 2011

The 9 at 9: Thursday

Nine things you need to know by 9am: OECD calls for dole to be cut; Sellafield to be stress-tested by the EU; and why Cheryl Cole was dropped from the US X Factor.

# world-economy - Monday 16 August, 2010

JAPAN HAS FALLEN from its position as the world’s second-largest economy as receding growth hampers the country’s recovery.

Three decades of growth for China have seen it beat Japan in the second quarter.

Analsysts expect China to stay on top this year, as the country’s growth for this year is around 10%, while Japan’s is hovering around 2-3%. Japan’s Nikkei is close to a 13-month low and its 0.6% drop today contributed to a fall in world stock markets today.

Some economists are predicting China will unseat the US as the world’s number one economy by 2030.

Beijing-based UBS economist Wang Tao told the New York Times:

This is just the beginning. China is still a developing country. So it has a lot of room to grow.

China is already the world’s largest exporter, car buyer and steel producer. It is also the world’s number one energy consumer. China’s energy use more than doubled in the past decade.

# world-economy - Monday 2 August, 2010

PRETAX PROFITS at international bank HSBC doubled to more than $11bn in the first half of this year.

Bad debts at the bank fell to their lowest level since the beginning of the financial crisis. HSBC was profitable in every region except the US, where it posted a loss of around $80m according to the Financial Times.

The figures also mark the firsst time the bank’s personal finance division has delivered a profit in over two years.

The bank also halved their impairments, which fell from over $14bn last year, to to $7.5bn this year. HSBC says it continues to increase lending in the UK and is “very much open for business”. However, it hit out at an idea mooted by the government to force more banks to sign up to lending targets.

HSBC’s investment banking division had the “second best ever half-year results”. Shares in the company are up over 3% as a result.