Credit World News

As per the UNCTAD report on Global Investments, FDI for 2013 will remain almost the same as it was in 2012, $1.32 trillion with an expectation of 10% hike. Transnational corporations are expected to invest cash holdings in various areas. From $1.45 trillion of FDI in 2013 is to expected to go up to $1.6 trillion in 2014 and $1.8trillion in 2015. This growth will be subject to the changes in the global financial system along with the significant policy uncertainty. The proposed FDI recipients will be the developing economies than the developed ones. Africa which has registered a year-on-year growth shows a rise in the FDI inflow up by 5% making it $50 billion. The outflow in the FDI also has risen to $14billion in 2012. Africa the favorite investment destination for the developing countries like India, Malaysia, China and South Africa in terms of FDI stock. The extractive sectors in Mauritania, the newest oil producers in the Africa, Democratic Republic of Congo, Mozambique and U...

General Motors Corporation which is one of the biggest automakers in the world headquartered in Detroit. Ford Motor Corporation also headquartered in Detroit with 213000 employees worldwide in their 90 plants and other facilities. Chrysler Group, which is located in Auburn Hills Michigan has their Historical Services in Detroit, which is considered as the one among the Big Three (Ford, General Motors, and Chrysler) in the US Visteon Corporation which manufactures automotive parts , SBC a telecommunication company, healthcare companies like Trinity Health, Henry Ford Health System, pharmaceutical company Pfizer Inc, systems technology company Delphi Corporations, global shipping company FedEx Corporation, cable network company Comcast and the list go on. Even then Detroit went bankrupt! The city of Detroit in the State of Michigan, home for many MNCs filed for bankruptcy protection, that too after a long economic crisis. And the reasons include 1) decline in the population since 200...

The clock ran out of digits in 2008 when the US national debt exceeded $ 10 trillion! It was installed by a New York real-estate developer Seymour Drust, showed the amount of the $16,738,230,684,008.83 debt as per Monday July 15th. It will be interesting to know which all countries are supporting the US with credit. The top rank goes to the US itself and you know how? It has taken $263.8 billion from its own insurance companies,the US savings bond are about $183.8 billion, mutual funds of $889.1 billion, $615.6 billion from pension funds, State and local government pension funds worth $190.3 billion, $492.2 billion from State and local governments, $337.4 billion from Depository institutions and it goes on like that. The below account is excluding this data. The Chinese agenda of keeping Yuan weaker against dollar boost up exports creating more job opportunities for its people by lowering the demand for the US products. As of March 2013 China owns $1.250 trillion of the US debt, ...

Woman power is supposed to gain control over the global economy, politics and society in the next 5 years and the global income rate is growing enormously from US $13 trillion to US $18 trillion in the next 5 years. The role of the woman will become vivid as entrepreneurs, producers, consumers and employees with the population increase in China and India. Woman will control 75% of the spending by 2028 as the global income of woman increases. The rise of the global income will directly impact with the GDP growth of China and India and US$5 trillion will be contributed from these countries. The entire world is accepting the changes and it has even caused a revolution in male dominated economies. The Women Suffrage Movement which started in France in 1780s and 1790s resulted in many countries giving them that right in the latter half of the 19th century. International Alliance of Women founded in 1904 in Berlin campaign mostly for woman’s suffrage and represents the in 50 countries. ...

The World Economic Forum started its efforts to capture the dimension and the impacts of the gender based disparities in 2006 and they released the latest report on Gender Gap in October 2012. The report aims to create awareness about the challenges which gender gaps create and on the possibilities by reducing these gender gaps. The basic concepts that constitute the Gender Gap Index are 1) Measuring gaps 3) Gaps in Outcome variables 3) Ranking of the countries based on the gender equality. The Global Gender Gap Index has been divided into four sub indexes to examine the Gender Gap more effectively they are: 1) Economic Participation and related opportunities 2) Educational Attainment 3) Health and Survival 4) Political Empowerment. The Scandinavian countries held the top positions in this index as the same as in 2011. Iceland, Finland, Norway and Sweden are the first four countries in the Gender Gap Index which successfully closed 80% of gender gaps. These high-income economies h...

The unemployment rate of 13.2 % has certainly a big role in the ouster of Mr Mohammad Mursi from the chair of Egyptian President. Mr Mursi who assumed office on 30 June 2012 granted himself unlimited powers to legislate without judicial review and supervision resulted in 2012 Egyptian Protests. The economic growth of Egypt is stagnant for the last 2 decades and the situation of the country is not favorable for any foreign investments or any growth in tourism which is the main source of income for Egyptians where 12% of Egyptians work for. This sector alone provides $11 billion to the growth. . A report in  May by the UN says that the period of 2010-2012 witnessed increased food insecurity and poverty, where 17% of the population doesn’t have sufficient food which was 14% in 2009. Mr Mursi who was the first elected President in Egypt had kept the agenda to reduce unemployment below 7% during his election campaigns. The unemployment among the population under 30 is 8...

The nuptial knot is now tied between the EU and Croatia after a decade long betrothal which was described as “painful discussions” by the President Ivo Jospovic. Entry to the EU in the strangest times has generated so much of assumptions among the economists in the world. Croatia will be the 28 th member of the EU after Bulgaria and Romania becoming members in 2007. EU commission was very careful in accepting Croatia as a member and they werCroatia was  served a warning to control the corruption which is widespread in the country which makes Croatia the 2 nd place in most corrupted countries in the Europe behind Slovenia . The corruption even led it’s former President Mr Ivo Sanader, who was the mastermind behind the EU accession procedures, to jail on a corruption charges of €5 million as a bribe from various institutions including a bank and a pharma company! Croatia has an unemployment rate of 20% along with the threat of corruption and human trafficking. B...