Cuts in foreign aid
When the new US government announced it was suspending foreign aid by freezing the budget of the US agency for international aid USAID. The Trump regime's desire to cut international development...
US tariffs imposed on steel and aluminium
President Trump announced a blanket 25% tariff on imported steel and aluminium from all countries. The tariffs will come into effect in March 2025. The US is the world’s biggest importer of steel, with...
DeepSeek enters the AI market
The US-based technology company Nvidia has probably benefited as much as any other company from the growth in artificial intelligence. The company is based in Santa Clara, California and was started in...
Youth unemployment in China
A striking feature of the jobs market in China is the 20% unemployment rate among 18 to 25-year-olds. This is well above the current rate of unemployment in China, which stands at 5%. The Chinese Labour...
What is happening in the social media market?
Following the US presidential election, it was reported that many users abandoned X, the social media platform owned by Elon Musk. Many users were concerned about Musk’s influence over the US election...
France's budget deficit problem
On December 4, the French government, which had only been in power for three months, collapsed. Prime Minister Michelle Barnier's government was called to a vote of no confidence when Barnier tried to...
China's green revolution
As COP29 comes to a close, the world’s governments face significant challenges in trying to move towards net zero. This will be a considerable challenge for China, the earth's biggest polluter, which...
The rising price of groceries in the United States
On Wednesday, November 6, the world woke up to hear that Donald Trump had won the first of the key swing states in the US election and was well on course to win his second term as president. He is now...
The rise of the robotaxi market
The aim of the blog is to try and introduce teachers to some of the most up-to-date economic events and issues every two weeks. We write the blog ourselves using information from a range of sources from...
A fall in the value of the Nigerian Naira
20 years ago the value of the Nigerian Naira was trading at N126 to $1 today the the Naira is now trading at N1626 to $1. That is a depreciation of around 1200%. The Naira depreciated steadily over the...