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The Week in Review: Jobless Claims, GDP Projections, Inflation
The week yielded a mixed bag of economic data indicating some strength in America’s recovery. A new Department of Labor study showed unemployment claims rose 20,000 to 294,000, ahead...
About 2% of Global Economic Output Is Tainted by Bribery, IMF Says
The International Monetary Fund (IMF) released a report on global corruption this week. In it, the international finance organization reported that almost $2 trillion worth of public works projects,...
Small Businesses Struggle in Italy: Eurozone Threatened
Due to anemic growth and an unstable world economy, Italy’s small business sector woes grow worse, according to The Wall Street Journal. Small businesses are vital to Italy’s economy,...
Weak Commercial Real Estate Signal Delayed Rate Hikes
Dramatic declines in commercial real estate soured GDP growth in the first quarter, leading to speculation that the Federal Reserve will delay raising interest rates. Analysts are growing increasingly...
OECD and IEA May Separate After Years of Dispute
The Organization for Economic Cooperation and Development (OECD) is the parent organization for the International Energy Agency (IEA). The two bodies have apparently been locked in an internal feud...
Norway Uses Oil Wealth Fund Again to Stay Afloat
The Norwegian government will tap into its wealth fund once again to sustain government operations, as the sting of a low-priced oil market burdens the Scandinavian country, according to...
GDP Projections Gain on Small Businesses, Housing Market
The Federal Reserve has boosted one estimate of second quarter GDP as housing and small business data improves. The Atlanta Fed’s GDPNow indicator rose 50 basis points to 2.2%...
India Revises Tax Treaty with Mauritius to Curb Tax Evasion
India recently revised its tax treaty with the island nation of Mauritius. The revisions should help close loopholes that allowed investors to use the island nation as a tax...
France Extends State of Emergency to Combat Terrorism
In a 309-30 vote, the French parliament extended a state of emergency allowing police to detain people in their homes, among other measures, according to AFP. The latest version...
Niger Looks to Europe to Solve its Migration Crisis
Nigerien leaders have asked the European Union for one billion euros to tackle a wide-scale migration problem, according to Reuters. Niger is using a transit route by many West...