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UK Bank Boss Urges Bankers To Learn From Olympic Athletes
U.K. bankers can “learn a thing or two” about fair play and motivations from the nation’s Olympic athletes and volunteers, said Bank of England governor Sir Mervyn King on...
India “More Than Likely” To Lose Investment Grade Status: Fitch
India’s sovereign credit rating may fall below investment grade within the next 12-24 months, warned Fitch Ratings on Monday, as the country continues to struggle with an uncertain investment...
Goldman Sachs Escapes Prosecution for its Role in Subprime Crisis
The United States Justice Department has said it will not pursue criminal charges against Wall Street titan, Goldman Sachs, nor its employees, for its roles in the 2007/08 subprime...
Could Rising Food Prices Lead to Another Crisis?
As we mark the fifth-year of the global financial crisis today, experts from the United Nation’s food agency have warned that soaring world food prices could lead to a...
StanChart Investors Not Buying Company’s Defence
Investors at Standard Chartered Bank are reportedly unconvinced by the company’s attempts to defend itself from allegations that it assisted Iran with over $250 billion in financial transactions, said...
Kenya Mulls Bid To Host 2024 Olympics
Kenya could become the first-ever African nation to host the Summer Olympic Games, reported the Financial Times on Thursday, after Prime Minister Raila Odinga announced his intention to bid...
Infographic: Austerity – An Epic Failure?
According to a recent report by UNICEF, “the simultaneous adoption of fiscal austerity in countries worldwide is driving the global economy toward recession, imposing human costs that are detrimental...
UAE: A Success Story for International Trade
Dubai is an international and regional trading hub in the UAE and despite financial woes over the last few years, economic growth looks set to be strong for this...
France To Slip Into Recession For Second Time In Three Years
The eurozone’s second largest economy, France, is headed for another recession by the third quarter of the year, said the nation’s central bank on Wednesday, with the newly-elected Hollande...
Cash-Strapped Greeks Trade Cars For Bikes
The high cost of road tax, fuel and auto-repairs have forced thousands of Greek commuters to ditch their cars for bicycles, said a report by Reuters on Wednesday, with...


