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Credit Ratings Agencies Warn of Possible US Downgrade in 2013
All three major credit rating agencies have warned that the United States could lose its stellar AAA-rating next year if it fails to avoid the so-called fiscal cliff and...
Infographic: Should You Pay for Content Online?
As consumers make the switch from print to digital, media companies have been forced to find new ways to monetise and profit from their content. Over the years, websites...
Indonesia, Malaysia Denounce France’s ‘Nutella Tax’
France’s decision to quadruple the levy for palm oil from 100 euros ($127) to 400 euros ($510) a tonne has been met with widespread criticism from local food producers...
Chinese Consumers Willing To Pay More For “Made in USA” Goods: BCG Study
It seems that Americans are not the only ones who are beginning to shun Chinese-made products for those made in the U-S-of-A. According to a study by the Boston...
China Hits Out at Rising Global Protectionism
China’s top trade and investment officials have lambasted what they call a rising tide of global protectionism, threatening that it would not invest its massive wealth of $482 billion...
Spain and Portugal Protest Against Austerity
Trade unions have coordinated a series of general strikes across Spain and Portugal, as well as 20 other countries, with thousands taking to the streets in protest against austerity...
Latin America’s Middle Class Grew by 50 Percent Over Last Decade: World Bank
Rapid economic growth in Latin America, backed by more inclusive social and economic policies, has seen the region’s middle class grow by nearly 50 percent over the last decade,...
Zimbabwe Officials Stole $2 Billion In Diamonds: Watchdog Report
At least $2 billion worth of diamonds have been stolen from Zimbabwe’s eastern diamond fields over the last four years through a network of government ministers and military officials...
U.S. to Overtake Saudi Arabia as Top Oil Producer By 2017
The United States is on track to overtake oil-rich Saudi Arabia and Russia as the world’s top oil producing nation by 2017, according to the latest report by the...
Greece Gets Bailout Extension but Not the Money
Eurozone leaders have agreed to give Greece two more years to meet its deficit reduction targets. However, no decision has been made on the latest 31.5 billion euros tranche...


