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Latest news about the state of the world economy.
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EU To Cut Controversial Big Farm Subsidies
The European Union on Wednesday agreed to reform the Common Agricultural Policy to favour small farms over big businesses which now stand to lose up to 30 percent of...
Italy Faces €8bn Debt Restructuring Losses
Italy could face losses of about 8 billion euros on derivative contracts that were restructured at the height of the eurozone crisis, reported the Financial Times and Italian daily...
US Overtakes China As Preferred FDI Destination
The United States has overtaken China for the first time since 2001 in an annual survey on foreign direct investment sentiment, an indication of growing investor confidence and optimism...
Asia Leading Spike in Global Arms Trade
Massive defence spending in the Asia-Pacific region is driving an “explosion” in the global arms trade, and Asian military budgets are likely to eclipse the United States’ by 2021,...
Parts of World Increasingly “Uninsurable” Due To Climate Change Risk
The speed at which oceans are warming could see parts of the world become uninsurable if climate change is not checked, warned the Geneva Association, a global insurance think-tank,...
Brazil to Earmark $25bn in Public Transport Spending
Brazilian President Dilma Rousseff on Monday proposed to set aside $25 billion in public transport investments and offered to hold a referendum on political reforms amid unprecedented social unrest...
Bankers’ Pay Drops By 10% Amid Investor and Regulatory Pressure
The average pay of top bankers in the United States and Europe fell by 10 percent in 2012, according to a report by the Financial Times, after a series...
Key Economic News to Watch This Week: June 24
EU leaders meet in Brussels this week for a special economic summit aimed at boosting growth in the 27-nation union. South Korean President Park Geun-hye meets with her Chinese...
World’s Poorest To Suffer Most From Climate Change: World Bank
The world should start taking action to combat the dangerous rise in temperatures, said the president of the World Bank, warning that millions of people around the world are...
Infographic: Does the Recession Fuel A Spike in Crime?
As a result of tightened budgets, law enforcement agencies from countries such as Greece and United States have been troubled with providing the same level of service with far...


