January 15, 2014 |
WASHINGTON -- The global economy is at a turning point this year as it shows signs of strengthening, with the U.S. and other developed countries expected to see stronger growth, the World Bank said. "Most of the acceleration is expected to come from high-income countries, as the drag on growth from fiscal consolidation and policy uncertainty eases and private sector recoveries gain firmer footing," the organization said in its latest Global Economic Prospects report, released Tuesday.
December 3, 2013 |
The improving global economy has given media executives confidence for fiscal improvement in 2014 -- a year that could be punctuated by mergers and acquisitions in the media and entertainment sectors, according to a new report. Consulting firm Ernst & Young on Tuesday released its 9th Capital Confidence Barometer for the media and entertainment industry. The report -- a survey of senior executives of large media companies -- is intended to glean corporate concerns and boardroom trends.
October 11, 2013 |
The Tom Hanks movie "Captain Phillips," which opens Friday, will focus attention - again - on piracy off the coast of Somalia. The movie, in which (spoiler alert) the bad guys get caught, unfortunately might lead you to think that this is a problem that's been solved. After all, since the April 2009 seizure of the cargo ship Maersk Alabama, recounted in "Captain Phillips," there has been only one hijacking of a U.S.-flagged vessel by Somali pirates, the February 2011 seizure of a U.S. yacht in which the Americans were killed.
September 6, 2013 |
ST. PETERSBURG, Russia - After two days of summit meetings here, President Obama and other world leaders signed a lengthy declaration of prescriptions for the global economy, including pledges that placed a renewed emphasis on creating jobs as opposed to curbing deficits. The so-called Group of 20 major economies also took further steps to crack down on multinational companies that avoid paying taxes. The 27-page joint statement from the G-20, which concluded its meetings Friday, underscored the shifting momentum in growth toward the U.S. and other advanced economies.
September 6, 2013 |
ST. PETERSBURG, Russia -- There's been a lot of passionate talk and chatter here among G-20 leaders, but it seems to have been mostly about the conflict in Syria and whether they were willing to back President Obama's call for a military strike on the Syrian regime. Indeed, this year's G-20 meeting, which wasn't expected to produce a lot of concrete commitments in the first place, is likely to be remembered as the summit on Syria. Yet there's been no breakthrough on the Syria question, and neither were the leaders of the Group of 20 major economies likely to agree on a lot of new substantive actions or statements to strengthen the global economy, the group's main purpose.
September 3, 2013 |
WASHINGTON -- Growth picked up in the second quarter in the U.S., Europe and other major advanced economies but has slowed in China and other key emerging nations, which will lead to sluggish global output, the Organization for Economic Development and Cooperation said Tuesday. Concerns about a pullback on stimulus efforts by the Federal Reserve has triggered financial market turbulence in emerging economies such as India and Indonesia and fueled currency depreciation and an outflow of capital because of rising borrowing costs, the group said in a new report . Consequently, the boost that emerging nations have given to the global economy will be reduced in coming months and growth will be uneven, the report said.