German Chancellor Angela Merkel, who is seeking a third term in general elections in September, begins election rallies around the country; Pope Francis travels to Brazil where he is expected to meet young prisoners as well as address the country’s top political and business leaders.
Monday, July 22
German Chancellor Angela Merkel, who is seeking a third term in general elections in September, holds election rallies around the country.
Congestion charging is one of the most debatable tools that governments have used to alleviate gridlock traffic. Cities from London to Stockholm and Singapore to Milan have experimented with such pricing schemes, but do they work?
Detriot, once a symbol of U.S. industrial power, has become the largest U.S. city to file for bankruptcy, laying the groundwork for a historic effort to bailout a city that is sinking under billions of dollars in debt and decades of fiscal mismanagement, population exodus and loss of tax revenue.
In its annual report on the Chinese economy, the International Monetary Fund on Wednesday warned that “time is running out” for China to shift away from its credit and investment fuelled growth model, pointing out that the government, banks and businesses are increasingly strained from years of rapid but unbalanced growth.
Twice a year The Economist publishes the Big Mac index. It is a fun guide to the world’s currencies that attempts to adjust them all to an equitable level through the great equaliser known as the Big Mac. Being one of the few prepared food items that can be purchased nearly across the globe, it serves as a great bellwether: Is a country’s currency over-valued?
China on Wednesday vowed to step up its fight against bribery and corruption by multinational corporations, days after the police unveiled a litany of bribery and misconduct allegations against British drugmaker GlaxoSmithKline – a move that industry expects say could presage a broader crackdown in China’s lucrative healthcare industry.
More bankers in the United Kingdom were paid in excess of 1 million euros than in any other European Union country, according to new data released by the European Banking Authority.
Specifically, figures from the EU’s banking watchdog showed that 2,346 bankers earned more than 1 milion euros in the UK, compared with 739 in the rest of the EU in 2011.
Bitcoins have finally emerged into the mainstream in recent months, largely on the back of the Cyprus’ troubled banking sector. In this infographic, we put the new digital currency and the oldest form of currency, gold, head-to-head to see which comes out on top.
Bitcoin, in its present form, has a stark resemblance to gold. Both are backed by no one. Both are, relative to fiat currency, inconvenient for day to day use. Gold coins or bitcoins won’t do much good at the grocery store as both lack intrinsic value.
German Chancellor Angela Merkel has called for tougher data protection laws that would require internet companies to reveal details about what personal information they have stored and to whom they have shared it with.
The fundamental law will ensure that companies such as Facebook and Google will be subject to the same strict privacy laws across all European Union member states, and not simply comply with national laws in the countries where they are registered, she said in an interview with German television channel ARD.
Norwegian energy company Statoil has become the latest oil giant to turn to private security firms to handle its operations in North Africa, amid rising violence and organised attacks on its energy assets.
Norwegian energy company Statoil said in June it was forming a special operations division to handle emergency operations in response to a terrorist attack on a natural gas facility in Algeria.
