China has declared war on European wine producers, in an apparent tit-for-tat spat about solar panel tariffs.
The move is a canny one on China’s part. Although European wine-makers have historically not been favoured by Chinese consumers, that has begun to change. Between 2008 and 2012 Chinese consumption of European wines rocketed by 445 per cent. This is despite the fact that duties and taxes already account for around half the price of the average imported bottle. Read more
The engine that is driving the world economy has changed in nature quite radically over the past couple of decades, as our analysis today reveals.
Much of this economic momentum comes from big economies that are expanding relatively slowly. But who, in pure year-on-year percentage growth terms, is leading the pack this year? Read more
Youth unemployment is a hot topic at the moment. Both the OECD and the UN have warned that the spiralling rates across many advanced economies will have severe consequences.
Nearly a quarter of European under-25s are now unemployed, the latest reported figures show. And concerns reached a new pitch last week when it was revealed that Italian youth unemployment had topped 40 per cent. Read more