Also in the news...
In 2014, the face of global enterprise continues to change rapidly. The signs are everywhere: This year, the fastest-growing economy is expected to be Mongolia’s, at a rate of 15.3 percent.
We work in an ever smaller world. The rise of global supply chains means that, whether your new business is involved in retail or manufacturing, the chances are your regular shipments and deliveries will involve products or parts from a number of different countries and probably continents.
Foreign investment projects create highest number of new UK jobs since 2001 Commonwealth Games Business Conference in Glasgow starts this week (22 July 2014)
Latest information for UK exporters on the impact of Russia’s recent intervention in Ukraine and annexation of Crimea on business
The UK government is keeping our economic engagement with Russia under close review. Some bilateral cooperation and trade support activity is being affected
Australia Cuts Key Interest Rates
The Australian central bank slashed its key cash rate to a unprecedented low of 3% this past Tuesday.
The Australian central bank slashed its key cash rate to an unprecedented low of 3% this past Tuesday. The sixth cut in as many months comes in an effort to protect households from the diminishing economy and surging joblessness.
The Australian dollar remains secure for now, but bill futures have dropped as investors bargained for an ongoing ease from the Reserve bank in the face of further market cuts to 2.25%.
Rory Robertson, interest rate strategist at Macquarie, commented:
"This was a compromise between doing something now to respond tothe unexpected recession we're in and saving ammunition for the darker days that lie ahead."
Continuing, he added that "the RBA will be under pressure for a cut at every meeting for the next year as unemployment keeps rising. This isn't the end of the easing."