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This article is of great interest to us as it demonstrates a very recent development in a relationship that we discuss constantly in economics, this being the trade relationship in between China and the United States. In the article we learn that the notorious trade deficit between the two nations actually widening more than was expected, and the numbers pertaining to the deficit are stunningly large. 

This article talks about the relationship between the success of a country at the olympics and its Human Development Index. The countries that had a higher HDI won more medals than countries with low Human Development Index. Nevertheless, Ethiopia hasn't followed the trend. With HDI equal to 0.33, Ethiopia came 29th in the end of the games. It is not surprising that there is a relationship between HDI and number of medals. In developing countries sports are often not as popular as in developed countries. In the US students are encouraged to develop both educational and extra-curricular skills. While on the other hand, in lots of developing countries education is the only aspect that values.

Due to big events like the Olympics, the country receives a lot of overall income due to all the visitors of the such events. It will boost up the GDP since it measures all the assets produced in the economy and due to the event more assets are produced than normally.

It's a great article about the relationship between the consumption, the investments, the government spending and the economic growth. The investments of the firms in the UK and the government spending of the UK government related to the Olympics have brought important benefits to the consumers. The consumption (Consumption is the total spending by consumers on domestic goods and services) in the UK have increased and this have produced an economic growth in the country. Also we can't forget that it have brought other benefits like tourists, fame, sponsors, new companies, new stadiums...

Japan's trade deficit increases in October as increase in imports exceed increase in exports to the US and China. Over the past years, weakening yen has helped promote exports, but also increases the cost for imports. The increase in cost for imports, such as crude oil, helped widen trade deficit. This shows the relationship between the current account and the exchange rate. Japan is currently going through a balance trade of goods and services deficit. This results in downward pressure on the exchange rate of the currency as there is an increase in the supply of yen due to increase in imports.

This article focuses on the trade deficit of Japan. Japan's trade deficit nearly doubled in October, as growth in imports outpaced robust increases in exports to the U.S. and China, the Finance Ministry reported Wednesday. There are several factors that led to trade deficit. Firstly, the weakening of the yen over the past year had its significant impact on imports and exports. After meltdown of the nuclear power plant in 2011, Japan has faced loss of the generation capacity, therefore forcing Japan to import natural gas and oil. Overall, weakening in the Japanese yen over the past year has helped exports, but it has also increased the cost of imports.However, the exports are not as stable as they could be. Slowdown in economic growth of China has led to decrease in demand for Japanese exports.Overall the article talks about the details of the trade deficit of Japan.

This is an excellent article from The Telegraph that sheds some light on the possible creation of the world's largest trading bloc. This bloc would include the removal of trade barriers between the U.S., Great Britain, and all of the E.U., and would be of incredible importance and power given that this new trade relationship could strengthen all nations involved in order to rival the growth of nations like China and India. 

EU and US economies account for nearly half of the world's economic output and a third of global trade, meaning that a transatlantic free-trade bloc would hold great sway over emerging economic superpowers China, Brazil and India.