South Africa is the largest producer of platinum, the precious metal that is used in hard disks and cars. The mines in the country provide 3/4 of the global supply. However, due to lackluster platinum prices, lower demand, frequent worker strikes, and increasing mining costs, the mining industry in South Africa might fail to meet [...]
While many people know that large corporations contribute to economic growth, since they produce a massive amount of money and employ many people, small businesses are just as important to economic growth. Most businesses start small, but they employ a large number of people throughout the country and they can help local areas. Many large [...]
The recent economic crisis has lingered for several years and has affected numerous companies, corporations, and even countries. The Greek debt crisis has resulted in a general eurozone recession, which affects not only the members of the eurozone, but other partner governments and international organizations. International trade has slowed down, the value of the euro [...]
When referring to business ‘pests’, I don’t mean your neighborhood troublesome rodents. In business terms, pests represent the political, economic, social and technological factors that could affect your business in either a positive or in a negative way. These pest factors have a significant impact on business organizations and if gone un-noticed, could have a detrimental effect on trade transactions and progress of a business. Business environments are constantly changing and a proactive step must be taken in order to stay ahead of the tide.
Almost a year ago, an extension was filed on the yearlong provision set forth in the Temporary Payroll Tax Cut Continuation Act of 2011. Around 160 million people were affected by this 2% reduction in the tax on their payroll, says corporate payroll services departments. The reduction brought the percentage from 6.2% down to 4.2%.
When it comes to the economy in Australia mining has always played a vital role. Australia has seen times when mining kept its colonies from going bankrupt. They mined silver and then later on mined copper back in the 1840′s. From Gold and Silver to Natural Gas, Uranium, and much more, minerals have been crucial [...]
If there is a bright spot in the current economic doldrums it’s the fact that unskilled workers are probably in a good position to find work, much more so than their skilled counterparts.
Bankruptcy is often viewed as a last resort. Individuals and entities do all they can to pay back their loans and stay afloat without having to declare the protection that bankruptcy offers. Still, more and more people are finding that bankruptcy is a viable alternative with today’s downward trending economy. However, even though Chapter 7 bankruptcy is on the rise, there were some bankruptcies in 2012 that shocked us all.
Automated or high frequency trading may not be an entirely new concept, but it is certainly one that has gained significant popularity during the last five years. 2012′s World Automated Trading Championships provides an insight into this growth, as it is now into its sixth year and has experienced a rising audience on an annual basis.
All across the globe, the rising need for jobs can be seen and felt. It can be seen in the eyes of the families wishing to escape from poverty but with no means to do so. It can be heard in every sigh a frustrated job seeker lets out after being told that all positions have been filled. It can be felt in the fresh graduate’s disillusionment about the real world of employment (or unemployment). No country, even the most powerful one, has been spared from the ravages of the mighty beast called unemployment. What’s even worse is that the beast is growing in proportions day after day. Here’s the real score about the growing unemployment rate worldwide: