Officials at the Office for National Statistics said the underlying trend was still showing imports rising steadily and UK exports falling. The UK bought 2.6bn more goods from the rest of the world than it sold in February, down slightly from January's 2.7bn.

Is the lower value of Chinese currency hurting U.S. consumers and businesses? As U.S. President Barack Obama and Chinese President Hu Jintao discussed this controversial issue on the sidelines of the nuclear summit in Washington on Tuesday, for weeks CNN readers have engaged in a spirited debate on the topic online.

Myanmar has announced it will curb the widespread use of US dollars by firms, to stabilise the tumbling domestic currency, the kyat. The central bank has revoked foreign exchange licenses from businesses ranging from hotels and restaurants to golf clubs and hospitals.

Trade protectionism could hurt global growth and undermine economic reforms in developing countries, the world's top three economic organisations have warned. The warning came in a letter signed by the leaders of the World Bank, International Monetary Fund (IMF) and World Trade Organisation (WTO) and sent to leaders of the world's major industrial nations, who were meeting in Paris.

The head of Jersey Electricity Company has defended the decision to put electricity prices up by 25% at the beginning of 2009. Since then the company has reduced its charges by about 5% percent. In 2009 the company made a profit of nearly £10m, which was down 10% on the previous year.

Australians' standard of living improved in the past year as a rise in the cost of living was outpaced by average income growth, new analysis shows. The cost of a typical basket of goods increased by 1.4% throughout 2014, compared with income growth of 2.7%, according to the report by the National Centre for Social and Economic Modelling (Natsem) and analytics provider SAS.

Is the U.S. economy's current expansion past its sell-by date? Will we soon go back to the employment levels we had before 2008, or did the recession do lasting damage? Macroeconomists wrestle with these questions, but usually without much success. I find this article interesting, as it talks about how business cycles are seeming to look outdated, and how the concept should be dealt with in a different than as a cycle.

This article talks about how AD interferes with respect to AS and causes "disorder". It is interesting how we can blame one of the two for the falling world economy

"India's merchandise exports expanded by more than 10% for the second month in a row in June, the latest sign that India's economy may be rebounding. June exports rose 10.2% from the year-earlier month, to $26.48 billion, after climbing 12.4% in May..." This shows how an injection (export) to the circular flow system of India has caused the money flowing to increasing for the better of the country. This is helping cover up the leakages that Indians spend on imported products mainly. The campaign by the new Prime Minister to increase exports and decrease imports is having significant impact on the countries economy.

This article discusses that how with the spread of Ebola, to America, the demand for Clorox has increased. Earlier, the demand for clorox wasn't this high. Wiht the spread of Ebola, people have started buying CLorox more, creating a positive PED. In the textbook, it says that in short term the PED won't show great change. But here it shows a significant change,

10% of China's land is arable. In this percentage, a tons and tons f grain is produced. Over the years, due to shifts in non-price determinants of either demand or supply, the equilibrium of the grain market has been disturbed. The market, has not been able to adjust to a new equilibrium hence there is an excess supply of grain which is going waste. China needs to apply the price mechanism to attain an equilibrium, and stop a surplus from being produced.

Fuel is a non-renewable resource that is in the brink of extinction today. This has caused the price of fuels to sky-rocket. Airlines is a huge industry affected by the price hike. People all over the world now prefer flying than going by train.But the increase in fuel price has affected the price of airlines tickets. The prices of the tickets are high now, and airlines are losing their customers, reduce in the demand.

The holy river of Ganga that flows through new Delhi, capital of India, supports the lives of people living in about 118 towns. Over time this river has become highly polluted; some factors to blame for this would be modernization and ignorance. During the summer of 2014 a new Prime Minister was elected who has set up a project to clean this water body. The opportunity cost in saving this water body is time and financial resources. Roughly, it is said that the government plans of completing this project over 18 years while using millions of INR. The government is giving up these valuable resources to achieve something that is of high importance.