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Samsung To Review All Chinese Suppliers After Child Labour Accusations
Samsung Electronics Co has vowed to conduct an inspection on all of its Chinese parts-suppliers for any form of labour violations, said a report by Reuters on Monday, following...
After Months of Inaction, the ECB Must Act Now to Save Euro
The European Central Bank is under pressure to ride to the eurozone’s rescue. According to the Secretary-General of the Organisation for Economic Co-operation and Development, the ECB can and...
Spain Sets Up ‘Bad Bank’ To Absorb Toxic Property Assets
Spain’s government has approved the creation of a so-called “bad bank” that will take over most of the nation’s worst property assets and defaulted loans, reported Reuters over the...
Key Economic News to Watch this Week: September 3
A series of important meetings take place this week. US Secretary of State Hillary Clinton meets with Asian leaders in Indonesia and China respectively, before attending the APEC ministerial...
British Bank Makes $838 Million From “Food Speculative Activities”: Report
U.K. banking giant Barclays Plc has been accused of making as much as 529 million pounds ($838 million) over the last two years from speculating on food staples such...
Greece Promises Latest $14.4bn of Austerity Cuts “Will be the Last”
Greece’s Prime Minister Antonis Samaras has announced a fresh round of austerity measures despite widespread protests in Athens. He said the cuts – worth $14.4 billion – were painful...
China Promises to Keep Investing in Eurozone
China has pledged more help for the deteriorating eurozone crisis, with Premier Wen Jiabao promising to purchase more EU government bonds.Speaking at a joint press conference with German Chancellor...
Greece Wouldn’t Have Needed A Bailout If Not For Tax Havens: Former Greek PM
Former Greek Prime Minister George Papandreou blamed tax havens on Thursday for “robbing” his nation of vital funds to invest in areas like welfare and education, reported The Telegraph;...
Gaza To Be ‘Unliveable’ By 2020: UN Report
The Gaza Strip, bordering Egypt and Israel, may be practically ‘unliveable’ by 2020, said a report by the United Nations this week, with nearly 2.1 million expected to be...
US Prosecutors Say Chinese Banks Helped Iran with Money Transfers
Prosecutors in the United States say they have uncovered new evidence indicating that Chinese banks may have assisted Iran in monetary transactions – a direct violation of financial sanctions...


