Finance & Economics | WPN World People News

The Government of Lao PDR and the World Bank Group signed two agreements for the new World Bank Group financing of more than USD40 million.

Japan's economy has experienced its worst quarterly decline since the 2011 earthquake and tsunami disaster.

In Pylos an underwater telescope is being developed to help track neutrinos.

The World Bank Group in Timor-Leste, as administrator of funds provided by the Government of Japan, and the Catholic Relief Services-United States Conference of Catholic Bishops (CRS), signed a USD 2.85 million Grant for a community driven nutrition project. The signing ceremony was conducted at World Bank Group offices in Timor-Leste and was attended by government officials from the Ministry of Health and the Ministry of Agriculture and Fisheries, as well as representatives from the Government of Japan.

The European Commission is moving to introduce support measures for the EU peach & nectarine sectors, notably by increasing the volumes of fruit eligible for withdrawal operations and free distribution. These markets have been hard hit by unfavourable weather conditions, with additional pressure now resulting from the import ban introduced by Russia.

The European Commission has informed Bulgarian Energy Holding (BEH) of its preliminary view that territorial restrictions on resale contained in BEH's electricity supply contracts with traders on the non-regulated Bulgarian wholesale electricity market may breach EU antitrust rules. Such restrictions limit purchasers' freedom to choose where to resell the electricity bought from BEH. The sending of a Statement of Objections does not prejudge the final outcome of the investigation.

The European Commission has proposed to provide Spain with €1,019,184 from the European Globalisation Adjustment Fund (EGF) to help 300 workers made redundant in the metal sector in the Comunidad Valenciana region to find new jobs. The proposal now goes to the European Parliament and the EU's Council of Ministers for approval.

Stable growth momentum in the OECD area

On July 8, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Philippines and considered and endorsed the staff appraisal without a meeting.

Over the period 1948-1952, Lyndon LaRouche solidified a fundamental advancement in economic science, a breakthrough which allowed him to become the most accurate economic forecaster of our day. This breakthrough in understanding what Treasury Secretary Alexander Hamilton called "the productive powers of labor"allows him to offer uniquely competent guidance on global economic matters. Here we elucidate several key concepts of LaRouche's economic method, including, most centrally, that of energy-flux density as a measure of economic value.