Related topics: economy

Cisco to invest $10 billion in China

US technology giant Cisco announced Thursday that it will invest more than $10 billion in China in coming years to help the country "innovate and globalise".

Global energy subsidies to hit $5.3 tn this year: IMF

The International Monetary Fund voiced alarm Monday about energy subsidies across the world, saying they were expected to reach $5.3 trillion in 2015, more than government health spending.

WHO: Europe's air pollution costs $1.6 trillion a year

Air pollution in Europe causes illnesses and hundreds of thousands of deaths, costing the continent's governments a combined $1.6 trillion each year, the World Health Organization said Tuesday.

Economic output less dependent on road transportation

For the past 10 years, motorization in the U.S. has been on the decline, due mainly to more telecommuting, greater use of public transit, increased urbanization of the population and changes in the ages of drivers.

Incomes fall as stressed economy struggles

Australian average incomes are falling with the country's population growth "masking underlying economic weakness", according to a QUT economist.

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