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Infographic: Where Does Your Country Rank in the Economic Freedom Index?
Once a standard bearer of economic liberty, the United States is rapidly losing its status as one of the freest economies in the world. This year, the United States...
EU Divided Over Banking Union Ahead of Summit
European leaders are scheduled to meet in Brussels today for a two-day summit, but early reports have revealed deep and uncomfortable divisions over a proposed banking union that is...
Greece and Spain “in Depression, Not Recession”: Stiglitz
Nobel Prize laureate Joseph Stiglitz has described the Spanish and Greek economies as being in a state of depression, an impact which he says was brought about by Europe’s...
China Slowdown Could Translate to Better Quality Growth
China is slowing down but that may not necessarily be a bad thing. China’s economic transformation could probably mean better quality growth, according to Goldman Sachs economist Jim O’Neill....
Goldman Sachs Q3 Profits Exceed Expectations
Wall Street titan Goldman Sachs brought in $1.5 billion in profits for the third quarter this year, a strong comeback from its rare quarterly loss a year ago. Goldman...
Infographic: Can Social Media Predict The Presidential Election?
As more people turn to the internet and social media for political information and answers, what role does social media play in the election process? More importantly, can we...
Japan Could Overtake China as Top U.S. Debt Holder
China could soon lose its position as the top purchaser of US government debt as its slowing economy reduces its need to recycle foreign exchange reserves into Treasury holdings....
Growth in Luxury Sales to Slow as Chinese Big Spenders Cut Back
Sales in the luxury market is expected to slow to around 5 percent this year as affluent Chinese shoppers cut back on their spending and concerns over the global...
EU Imposes New Sanctions on Iran
The European Union has decided to impose new sanctions against Iran in a bid to persuade Tehran to abandon its nuclear programme and avert a potential armed conflict. At...
Portugal Unveils “Enormous” Tax Hikes As Part Of Harsh Austerity Budget
The Portuguese government on Monday revealed the final version of its austerity package, which will see “enormous” tax increases across-the-board and a reduction in pensions and social benefits. "The...


