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Latest news about the state of the world economy.
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Iran Could Stop Oil Exports If Sanctions Intensify
Iran has said it would consider taking its oil off the market if international sanctions, aimed at forcing Tehran to abandon its nuclear enrichment programme, intensify. According to the...
European Commission Approves “Robin Hood” Tax on Financial Transactions
The European Commission yesterday backed plans by 11 European Union economies to impose a “Robin Hood” financial transaction tax, better known as a Tobin tax, to help raise funds...
China Wants to Ban Foreign Vessels from its Inland Waterways
In a bid to protect its domestic shipping industry from a slowing global market, China has introduced a plan to ban foreign vessels from sailing on its domestic waters,...
IKEA to Shift to Renewable Energy by 2020
The world’s largest home-furniture retailer, IKEA, has announced plans to more than double its investment in renewable energy, with the aim of producing as much renewable energy as it...
World Economic Giants Using “Stealth Protectionism”: Study
Some of the world’s largest economies, particularly the European Union and Japan, have resorted to less tansparent policy instruments, also referred to as murky or stealth protectionism, in a...
Japan’s Exports to China Fall amid Territorial Dispute
Japanese exports have tumbled at their sharpest pace since the aftermath of last year’s earthquake and tsunami. More worryingly, exports to China have fallen to fresh lows amid a...
The Gold Outlook For 2013
As is often true in times of economic instability, alternative investments appear more desirable and specifically, gold investment has caught the eyes of many people looking to preserve and...
Key Economic News to Watch This Week: October 22
As expected, there were no breakthroughs on the debt crisis at the EU Summit last week, except for the last minute deal to set up a banking union for...
Goldman Hits Back at Ex-Staff who Denounced the Bank’s “Toxic and Destructive” Culture
Goldman Sachs has moved to combat ex-banker Greg Smith’s vitriol against the bank’s apparent “moral bankruptcy”. In a feisty nine-page report published yesterday, Goldman Sachs alleged that Smith quit...
German Compromise Ensures Banking Union Will be built in 2013
German Chancellor Angela Merkel said on Friday that a single banking supervisory body will be set up in the course of next year, opening the way for the eurozone’s...


