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The World’s Biggest Economic Problem

world-biggest-economic-problem

Deflation in the euro zone is all too close and extremely dangerous. The world economy is not in good shape. The news from America and Britain has been reasonably positive, but Japan’s economy is struggling and China’s growth is now slower than at any time since 2009. Unpredictable dangers abound, particularly from the Ebola epidemic, which has killed thousands in West Africa and jangled nerves far beyond. But the biggest economic threat, by far, comes from continental Europe

Now that German growth has stumbled, the euro area is on the verge of tipping into its third recession in six years. Its leaders have squandered two years of respite, granted by the pledge of Mario Draghi, the European Central Bank’s president, to do “whatever it takes” to save the single currency. The French and the Italians have dodged structural reforms, while the Germans have insisted on too much austerity. Prices are falling in eight European countries. The zone’s overall inflation rate has slipped to 0.3% and may well go into outright decline next year. A region that makes up almost a fifth of world output is marching towards stagnation and deflation.

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All The Ways Drones Can Be Used

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German logistics company DHL recently announced it is launching a new drone delivery service to get “urgently needed goods,” such as life-saving medicines, to certain remote locations

The company’s plan is to use small, parcel-carrying drones to deliver medications and emergency supplies to Juist, an island in Germany’s North Sea, where more traditional delivery options (such as ferries or trains) aren’t always available. The drone service is a continuation of DHL’s “parcelcopter research project,” which launched in December 2013.

And the company has good reason to keep moving ahead with its drone delivery option. Several other companies, including Amazon and Google, have already begun testing their own versions of parcel-delivery drones.

In December 2013, Amazon announced its futuristic Prime Air service, which would use drones to deliver packages straight from the online retailer’s warehouses to customers’ doorsteps — and quickly. In an interview with “60 Minutes,”

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Techno Talk

Green gadgets - Home green home

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With increasing awareness of the need for a healthy lifestyle, people want to know how to live better and how to do things better. Therefore it is essential that our home...

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Faces & Places

November 2014

Chill out

November 2014

November 2014

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Culture News & Events

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Fashion

Get Ready for Christmas Parties

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After Work

November 2014


Travel & Cousine

Upgrade Your Everyday Life

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Going on holiday can often be your favourite time of the year. You’re filling each day with fun activities, exploring new sights, eating new and exciting food and just generally...

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