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Spain’s Population Shrinks For First Time In History As Immigrants Flee Crisis
The population of Spain fell by 206,000 people last year amid record high unemployment and weak economic growth, reported the National Statistics Institute on Monday, marking the first time...
UK Nixes Plans For ‘Sterling Zone’ With Independent Scotland
Scotland may not be allowed to use the Pound Sterling as its currency in the event that its voters opt for independence next year, said the U.K. Treasury on...
Nigerian Oil Theft Reaches $6bn Annually
Nigeria’s oil companies are battling a surge in crude oil theft, with estimates suggesting that the oil-rich country loses some $6 billion annually in revenues due to bunkering. Oil...
Key Economic News to Watch This Week: April 22
After the G20 meetings in Washington last week, Europe was forced to make growth a higher priority. This Friday, the United States releases its Q1 GDP data and preliminary...
US Nears Record Arms Deal With Middle East Partners
The U.S. is finalising a record $10 billion deal to sell advanced weaponry to Israel, Saudi Arabia and the United Arab Emirates, announced Defense Secretary Chuck Hagel on Sunday,...
IMF, Global Leaders Back World Bank’s Vision To End Extreme Poverty By 2030
At a meeting of the World Bank's Development Committee on Saturday, global finance officials from around the world, alongside the IMF, endorsed the bank’s goal to end extreme poverty...
Trade Groups Urge G20 to Oppose EU’s Proposed Financial Transaction Tax
Five global trade bodies have appealed to the G20 to overrule the European Union’s controversial financial transaction tax, arguing that it would have “unprecedented extraterritorial impacts, contrary to G20...
Eurozone Close to Ending Era of Austerity
The eurozone will slow its pace of fiscal belt tightening to help reinvigorate growth, said EU Commissioner Olli Rehn, highlighting a policy shift that the United States and the...
Germany’s Rating On Negative Outlook, Despite Maintaining Triple-A Status
International credit ratings agency Moody's on Thursday reaffirmed Germany’s top "Aaa" sovereign debt rating, but issued a negative outlook for its economy, just a day after rumours over a...
Greeks Demand Justice After Farm Bosses Open Fire On Migrant Workers During Pay Dispute
The Greek government on Thursday promised “swift and exemplary” punishment for three strawberry plantation foremen from the village of Manolada, after the farm owners allegedly opened fire on some...


