Author : EW News Desk Team

The head of an Italian tax collection agency, along with four other employees, have been arrested for using nearly 100 million euros ($129.35 million) of taxpayers’ money to organise...

The International Monetary Fund’s (IMF) Chief Economist Oliver Blanchard has warned that the fiscal problems in the U.S. stemming from the 2008 Financial Crisis remains unresolved till today; and...

An underwater geological formation just off the Greek island of Crete could prove to be Greece’s economic salvation, claimed a report by Reuters on Wednesday, after a study predicted...

Fellow-BRICS nations Brazil and South Africa are now locked in a bitter trade dispute over their respective poultry industries, said a report by the BBC on Wednesday. The dispute...

European Union nations may have to spend up to 25 billion euros upgrading their nuclear reactors to meet new safety standards imposed after the Fukushima disaster, said a report...

The global economy must create an additional 600 million new jobs between 2005 and 2020 in order to absorb a growing number of youth – mainly from Africa and...

Chinese and Indian consumers are expected to spend nearly $64 trillion between 2010 and 2020, said a new study by global research and advisory firm Boston Consulting Group (BCG)...

In 1976, Bangladeshi banker and economist Muhammad Yunus embarked on a revolutionary idea designed to help lift people out of poverty. The Grameen Bank project came into operation in...

Credit card giant American Express (Amex) has agreed to pay $85 million to around 250,000 consumers for violating consumer protection laws in marketing, billing and debt collection practices, reported...

The 2008 Financial Crisis will cost an estimated $15 trillion in losses to the global economy through to 2018, said Standard & Poor’s former chief credit officer Mark Adelson...