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Complex US Immigration System Cost Economy $30 Billion A Year: Study
America’s burdensome system of immigration laws is costing the economy $30 billion a year, according to a new study by centre-right think-tank American Action Forum (AAF) on Thursday, noting...
Chinese Fisheries Catching 12 Times More Than Reported: Study
China’s fishing vessels hauled in approximately 4.6 million tonnes, or $11.5 billion worth, of fish last year, claimed a study published by University of British Columbia scientists on Wednesday,...
Cyprus Economy May Contract By 13 Percent This Year: Government
The Cypriot economy could shrink by much as 13 percent this year, warned a government spokesman on Thursday, higher than a previous estimate, which took into account the affect...
$700 Million From Hurricane Katrina Relief Fund Went To Waste: Federal Audit
As much as $700 million in federal aid intended to fortify homes after the Hurricane Katrina disaster in 2005 have been either squandered or misspent, said the U.S. Department...
Islands Dispute May Delay China-Japan-South Korea Trilateral Summit: Reports
China is reportedly demanding for the annual China–Japan–South Korea Trilateral Summit to be postponed over its unresolved dispute with Japan over the Senkaku/Diaoyu islands, claimed the Kyodo News Agency...
Deutsche Bank Investigated For Allegedly Hiding $12 Billion In Losses
Germany’s central bank, the Bundesbank, is looking into allegations that former Deutsche Bank employees hid up to $12 billion in losses by misvaluing credit derivatives during the financial crisis,...
Half Of Russia’s Labour Force Employed In Shadow Economy: Deputy PM
Nearly half of Russia's employable population are working in illegitimate businesses or operations, admitted Deputy Prime Minister Olga Golodets on Wednesday, warning that Russia could be at least 20...
Putin Orders Russian Civil Servants To Dump Foreign Assets
Russian President Vladimir Putin on Tuesday signed a new decree ordering all officials and civil servants to close their foreign bank accounts and be rid of offshore financial assets...
Eurozone Unemployment Rate Hits Record High: 19 Million Now Jobless
The eurozone’s unemployment rate rose to a record high of 12.0 percent in the first two months of the year, with 33,000 additional people joining the ranks of the...
Japan PM Admits BOJ May Fail 2% Inflation Target
After months of rhetoric calling for bold monetary easing from the Bank of Japan (BOJ), Japanese Prime Minister Shinzo Abe on Tuesday admitted that the BOJ’s 2 percent inflation...


