Economy

‘Hard’ Brexit offers ‘£135bn annual boost’ to economy

Removing all trade tariffs and barriers would help generate an annual £135bn uplift to the UK economy, according to a group of pro-Brexit economists. A “hard” Brexit is “economically much superior to soft” argues Prof Patrick Minford, lead author of a report from Economists for Free Trade. He says eliminating tariffs, either within free trade deals or unilaterally, would deliver ... Read More »

20 Surprising Stats About the Gig Economy

More than a fourth of the U.S. is now officially part of the freelance gig economy, a recent report indicates. In the future, more and more people of all ages and ethnicity will declare their independence from the 9-to-5 daily corporate grind for the freedom, autonomy and self-determination that the freelance, gig economylifestyle brings. So says a new report from Spera, ... Read More »

Asia has been the world’s economic miracle. Three countries are threatening that

A territoriality aggressive China, North Korea’s nuclear hostility and a chaotic White House under President Donald Trump are key factors that could derail Asia’s steady economic growth. KCNA | Reuters People participate in a Pyongyang city mass rally held at Kim Il Sung Square on August 9, 2017, to fully support the statement of the Democratic People’s Republic of Korea (DPRK) government. The continent largely ... Read More »

What Is Amazon AppStream 2.0 and Why Might Your Business Need It?

Remote access to digital resources has become one of the most important features of today’s business ecosystem. And with people spending more time working remotely, businesses and individuals are looking for reliable platforms to access said resources. The Amazon AppStream 2.0 application was created with this very goal in mind. Version 1.0 When Amazon (NASDAQ:AMZN) introduced AppStream in 2013, it had ... Read More »

95 Percent of Small Businesses Are Focused on Tax Relief, Survey Says

Tax relief is on top of U.S. small business owners’ wish lists. NWYC Q2 2017 Small Business Sentiment Index That’s according to the Q2 2017 Small Business Sentiment Index from National Write Your Congressman (NYWC). The survey found an overwhelming majority of small businesses (95 percent) saying they would like Congress to act on tax relief and simplification. Small Businesses Want the Government ... Read More »

Bitcoin soars ahead of blockchain split, Ethereum lower

Reuters. The blockchain supporting bitcoin is poised to undergo a ‘hard fork’ on Tuesday   Investing.com – Bitcoin traded higher on Monday, on reports the blockchain supporting the cryptocurrency is poised to split into two, as some members refused to signal support for a major software upgrade aimed at speeding up transactions on the bitcoin network. On Tuesday August 1, ... Read More »

The Economy Needs Immigrants

President Donald Trump has promised to snap the United States out of its slow growth doldrums by adopting policies to raise the nation’s growth to 3 percent or more. But that worthy goal will be more difficult to achieve if he takes the advice of some of his supporters to sharply curb legal immigration to the United States. America needs ... Read More »

GST has transformed India’s economy: PM Modi in ‘Mann ki Baat’

NEW DELHI: In the 34th edition of his radio programme “Mann ki Baat”, Prime Minister Narendra Modi hailed the Goods and Services Tax (GST) and said the benefits of the landmark tax reform are already visible in the upswing in the country’s economy. “It has been one month since GST was implemented and its benefits can be seen already. GST has transformed ... Read More »

U.S. Economy Grew At 2.6 Percent Rate In 2nd Quarter

Cars on a dealer lot in Pittsburgh. Consumer spending helped drive economic growth in the 2nd quarter to more than double first quarter GDP. Gene J. Puskar/AP The U.S. economy grew at an annual rate of 2.6 percent between April and June. It was nice comeback from the tepid 1.2 percent annual growth rate of the first quarter and more ... Read More »

UK economic growth rate edges slightly higher

A stronger UK film industry helped the service sector to expand, the ONS said. UK economic growth edged slightly higher in the three months to June, as a stronger service sector offset weaker manufacturing and construction. The Office for National Statistics (ONS) said the economy expanded by 0.3% in the quarter, up from 0.2% in the previous three months. But ... Read More »