Labor productivity growth in Ireland and Spain is higher than that in Germany, France and the Netherlands, according to PwC. Economies of these peripheral euro zone countries are growing at the fastest pace in the region. PwC recorded the highest rate of labor productivity growth in Ireland. The rise is about 7% over a three-year period until 2015. On average, labor productivity in the euro area...

Major currency traders have warned that the dollar may collapse against other currencies after the US presidential elections to be held in November. In particular, JP Morgan Chase & Co., the second-largest currency trader in the world, leaves open a possibility that investors may go over to other currencies such as the euro and the yen, against a background of radical change in US trade...

The US economy is impressive. To understand scale of the country’s GDP, which in 2015 amounted to $ 18 trillion, experts at Zerohedge compared economies of individual states with economies of entire nations. Here are some interesting facts. 1. California has the largest state GDP in the US. It was $ 2.44 trillion in 2015, which is slightly larger than GDP of France during the same period ($ 2.42...

MSCI Index Provider has not included shares of mainland Chinese companies (class A) in MSCI Emerging Markets (an index for the emerging markets). This step came as a surprise to investors and Chinese companies, as they have waited a year, writes Wall Street Journal. A positive decision could lead to tens of billions of dollars-worth injection in the Chinese companies’ shares, since global funds...

A suspicious activity on the exchange market has been observed on the eve of Microsoft’s announcement on purchase of LinkedIn. In particular, purchase of LinkedIn’s options brought $ 2 million to traders. That there were no rumors about the imminent acquisition of LinkedIn, yet 621 option to buy LinkedIn’s shares at $ 160 apiece were purchased on Friday in the course of trading on the NASDAQ...

The global arms market in 2015 has peaked dramatically compared to the last 10 years, reports Bloomberg referring to IHS Global Defence Trade Report. According to the study, the main growth driver in the arms market last year was demand for weapons from Saudi Arabia. According to the IHS study, the volume of world arms market got 10% higher than that in 2014, and amounted to $ 65 billion. Reason...

World prices for luxury goods will be equalized across countries due to rising demand from the middle class, unprecedented price transparency and the Chinese government's desire to increase tax revenues. This is the conclusion of Exane BNP Paribas’ analysts, who composed a joint study with Deloitte. The price alignment will serve as a deterrent to the growth in revenues and margins. In addition,...

There is not much time left before the world's largest exhibition in the gaming industry, which will be held in Los Angeles. E3 starts its work next week on Tuesday, June 14, which means that we are waiting for another dive into the world of new products in the virtual entertainment industry. How has it changed in recent years? E3 has been held since 2006. It has always been a bright, spectacular...

European companies are getting increasingly disappointed in prospects of doing business in China. The worsening business climate in the country continues to affect mood of foreigners. About 31% of European companies are pessimistic about the future profits from China, according to a survey presented in a joint report by consulting company Roland Berger Strategy Consultants and the European Union...