The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
The harsh austerity measures imposed on the Greek public since the depths of country's financial crisis have led to a "significant, sharp, and sustained increase" in suicides, a study published in the British Medical Journal has found.
The cutbacks, launched in June 2011, saw the total number of suicides rise by over 35 percent—equivalent to an extra 11.2 suicides every month—and remained at that level into 2012, according to a study published this week by the University of Pennsylvania, Edinburgh University and Greek health authorities.
"The introduction of austerity measures in June 2011 marked the start of a significant, sharp, and sustained increase in suicides, to reach a peak in 2012," a statement accompanying the study said.
After Greece crashed into a six-year recession in 2008, it struggled to handle its sovereign debt burden. The country's first round of austerity measures failed to help, and the government was forced to ask for an international bailout of some 240 billion euros ($275 billion), which came with strict conditions for further severe cutbacks and reforms. These had a crippling effect on Greece's already stricken economy, sending unemployment levels up to 1 in 4 people.
The increasing level of hardship sparked an increasing number of protests, riots and even a public suicide by a pensioner in the main square of Athens.
Greeks, exhausted and angry with the cuts and reforms, have just elected a new left-wing anti-austerity coalition government, led by Syriza leader Alexis Tsipras, who is touring Europe lobbying for a better deal on its debt repayments.
The University of Pennsylvania-led study also found that the suicide rate in men started rising in 2008, increasing by an extra 3.2 suicides a month. The rate then rose by an additional 5.2 suicides every month from June 2011 onward. Figures for the years after 2012 were not available, the statement added.
The researchers concluded by urging governments to consider the broader implications of harsh cuts: "The consideration of future austerity measures should give greater weight to the unintended mental health consequences that may follow and the public messaging of these policies and related events."