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World Bank Announces Plans to Advocate for LGBTI Rights
Concerned about protecting the rights of long ostracized groups that are, just now, beginning to gain legal and cultural recognition around the world, the World Bank Group announced plans...
Federal Reserve Urges Ignoring Inflation
As job growth remains extremely weak and labor market indicators stay negative, the Federal Reserve is considering ignoring inflation in the short-term as it sets monetary policy. Federal Reserve...
Fed’s Confidence Not Shaken by Plummeting Jobs Numbers
Total nonfarm payrolls rose 160,000 in April, far short of the 202,000 consensus expectations from economists and a steep decline from the 208,000 jobs gained in March. "Job gains...
OECD Discusses Prices with World’s Biggest Diamond Producing Nations
The Organization for Economic Cooperation and Development (OECD) has called a special summit of the world’s leading diamond producers to take place on May 23 in Dubai, United Arab...
Central Bank Warns Angola to Clean up Its Act: Economy Remains Stagnant
Central Bank Governor Valter Filipe da Silva stated that Angola needs to rid the banking sector of money laundering and terrorist financing, according to Reuters. To Angola’s credit, the...
World Bank: Fresh Water Scarcity could Shrink Global Economy
On Tuesday, the World Bank reported that fresh water scarcity could be the biggest problem facing the economies of the world. Economies across large portions of the planet could...
Spanish King Approves June Election as Fractured Parliament Continues
By official decree, King Felipe VI approved a new election for June 26 after December elections resulted in a fractured parliament, according to the Associated Press. The June election...
U.S. Unemployment Claims Jump, Mortgage Rates Fall
In an increasing sign that U.S. workers cannot afford to buy houses as much as they used to, unemployment claims rose as mortgage rates fell, suggesting demand for houses...
IMF Tells Zimbabwe “Bold Economic Reforms” Needed
The International Monetary Fund (IMF) has weighed in on the deepening economic crisis in Zimbabwe. The African nation, already one of the poorest countries in the world, has been...
Singapore Increases Military Spending as Geopolitical Tensions Rise
Singaporean authorities have increased military expenditures to upgrade its military while presenting a strong front during the South China Sea territorial dispute, according to Reuters. Contractors, such as Boeing...