It is said that money makes the world go round, but in football’s transfer market we can be a little more specific on that money’s provenance. Our interactive graphic explores the net spend of the 265 clubs in world football to have each spent £10m or more in total since 1980, grouped by country.
Any guesses on the identity of the country whose clubs spend the most? Read more
The monetary and fiscal stimulus initiated by Shinzo Abe, the prime minister, over the last two years was sufficient to push inflation up closer to the Bank of Japan’s target of 2 per cent by April 2015, after decades of low inflation and deflation. Read more
Norwegian salmon prices dipped last week after increasing sharply in the past month — they are still up 30 per cent since September — despite Russia’s retaliation against EU and US sanctions and helped by soaring seasonal demand for the Christmas and new year holidays.
Prices have been falling as warm seas, which increase fish growth rates, led to larger quantities coming on to the market earlier in the year than expected, according to Mintec, the commodities data analysts, but fewer fish are currently being kept on farms.
In May the volume on farms was up 10 per cent year-on-year but the stocks fell, however, to only 1 per cent ahead in October and are expected to have fallen even further in November, the analysts said. Read more
Overall the BRC-Nielsen shop price index, which measures the changes in prices of 500 commonly bought items, records a fall in prices of 1.9 per cent year on year. Non-food prices fell by 2.9 per cent in November while food fell by 0.2 per cent.
The news comes after data from the Living Costs and Food survey — released on Tuesday — showed the extent to which living standards were squeezed following the financial crisis. Spending on housing, fuel and power became the largest category of spending in 2011 as increasing energy bills and a greater proportion of the population became renters. At the same time transport, the previous highest category, fell as more drivers economised due to higher petrol prices. Read more
A question, dear reader. You are setting out to measure gender inequality. One of the indicators in front of you has a gender splt of 49/51. Another has a 72/53 divide. Which of the two is more redolent of a happy, inequality-free nirvana?
If you’re the World Economic Forum, the answer is the latter. Welcome to the Orwellian world of the WEF’s annual Gender Gap Report. Read more
The global financial crisis of 2008 had a big impact on migration, with a million fewer people a year moving to another country on average after 2010 than in the 10 years before. But since 1960, the percentage of the global population classified as migrants has remained steady at roughly 3 per cent, largely as a result of population growth. The OECD last year found that if there was a cost from new migrants it was generally small.
How well is Britain’s economy doing? The default answer has always been to look at GDP – which is why legions of city analysts are anxiously hunched over their screens at precisely 9.30am every quarter.
But over the past decade there has been widespread acceptance that this headline number doesn’t adequately describe whether most people are in fact feeling better off. Read more
The UK’s information technology sector could be about 40 per cent bigger than previously though, with at least 70,000 more ICT companies in operation.
That’s according to the National Institute of Economic and Social Research who have come up with a pretty novel way of measuring the size of Britain’s tech sector using one of the industry’s most hyped concepts ‘big data’.
Europe’s producers of pears are leaving crops to rot because of retaliation by Russia, the biggest buyer of European pears, against sanctions.
Many growers say it is cheaper not to harvest any but the most perfect fruit in a year when, according to Mintec, the commodities research and data group, overall production in Europe is estimated at 2.27m tonnes, down 2 per cent year-on-year from high output levels of 2013. Read more
In the aftermath of the financial crisis the world saw an increase in the number of street protests. Many inspired by perceived connections between the political elite and business interests; Occupy Wall Street and Los Indignados in the west to the Arab Spring and the protests against Victor Yanukovich in Ukraine. A new working paper from the National Bureau of Economic Research presents evidence on their power.
Daron Acemoglu, Tarek Hassan and Ahmed Tahoun examines the correlation between street protests in Egypt and the stock market returns for firms connected to former president Hosni Mubarak’s National Democratic Party (NDP), the Muslim Brotherhood and the Egyptian military. Read more
Global consumption of farmed fish and seafood is set to exceed that of wild fish this year, according to the UN’s Food and Agriculture Organisation. With the total traded fish market worth $136bn in 2013, this turning point for the industry ensures a more stable food supply but it also carries environmental risks.
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The central banks might be keeping us guessing, but businesses have no doubts where they first expect interest rates to rise.
Forty-nine per cent of respondents to the latest FT/Economist Global Business Barometer said that the US Federal Reserve would be the first to raise rates, with the Bank of England a distant second with a 14 per cent share. Read more
The amount the NHS spends per patient will fall by at least £98 by 2020 under funding pledges made by each of the main political parties, figures based on NHS England’s internal calculations reveal.
The figures show that despite the current “ring fence” which protects the NHS budget in England from inflation, spending measured on health officials’ preferred measure – estimated patient numbers, which take account of the fact that as people age, they get sicker – has already dropped by £50 per patient since 2009. Read more
Manufacturing and technology giants Samsung, Hyundai, SK and LG are examples of chaebol – multinational Korean conglomerates with labyrinthine ownership structures, often controlled by the founding family. Use our interactive graphic to explore the relationships between companies in each chaebol Read more
Migration from the European Union is a pretty controversial issue in Britain. Particularly in politics: the strength of the anti-EU UK Independence Party and the anxiety it causes for the two major parties is thought to be linked to public antipathy towards the high-levels of migration that followed the accession of eight eastern european countries to the EU in 2004 (EUA8).
Others have pointed out that perhaps something else is going on. The British public tend to overestimate the proportion of the country who are migrants and have been in favour of lower levels of migration for the past 50 years, even when the country was experiencing net emigration. So perhaps migration is just a vehicle for other concerns.
So I thought I would look at the relationship between the number of migrants in an area and public opinion about migration. Read more
That might be changing. The British government and a few others including Canada, Costa Rica, Colombia and Paraguay are working towards opening up the information about public procurement through an ‘open contracting data standard’.
The first version is launched today and sets out a technical standard for the data and documents that ought to be published at each stage of the contracting process, from the invitation to tender through to completion. Read more
US prosecutors are offering immunity deals to junior traders in London as they try to gather evidence against banks and more senior staff in the investigation into alleged currency market manipulation. The Forex scandal is, at its core, a story about alleged wrongful sharing of information to boost trading profits. In this interactive, the FT has compiled 30 foreign exchange traders and sales staff who so far have been suspended, placed on leave or fired amid regulatory investigations that started in 2013. Read more
Which pieces are the most likely to be captured in the early rounds? What about the longest survivors? Which remain fringe actors early on before being thrown into the action as the stakes rise? Read more
Despite a 40-year ban on crude oil exports the US energy trade balance has steadily improved over the past few years as exports of refined products soar.
US stocks tend to perform well in the period directly following midterm elections; only once since 1950 has the Dow not risen in the quarter following an election and that was in 2002 during George W. Bush’s first term. On average the index has risen by almost 10 per cent after midterm elections and rose by 8 per cent after the 2010 election during Obama’s first term.