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Latest news about the state of the world economy.
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We Don’t Need German Money: Italian PM
In an interview with German weekly, Der Spiegel, Italian Prime Minister Mario Monti declared that his country does not need German cash. Instead, he says Italy needs the moral...
Foreign Companies Dominate Brand Recognition List In China
Chinese consumers are far more familiar with foreign brand names compared to their own home-grown companies, reported the China Daily on Monday, after just three local brands managed to...
IRS May Lose $21bn to Tax Scammers
According to a Treasury audit, the Internal Revenue Service may have unwittingly handed out $21 billion to identity thieves who filed fraudulent tax returns for 2011. While the IRS...
ECB Will Do “Whatever It Takes” To Save Euro… Just Not Now
When Mario Draghi, chief of the European Central Bank, vowed to defend the euro last week, analysts went as far as to speculate a lowering of interest rates and...
Infographic: How to Invest Like Warren Buffett
Warren Buffett, chairman and CEO of Berkshire Hathaway, is one the wealthiest investors and notable philanthropist of our generation. Famous for his value-investing philosophy and frugal living, this infographic...
Infographic: Why America Must Address Its Rising Healthcare Costs
America is home to some of the world’s best hospitals and doctors, but it also has one of the most unaffordable healthcare systems. In fact, medical bankruptcies are on...
IMF Vows to Stand by Greece
The head on the International Monetary Fund, Christine Lagarde, yesterday pledged to stand by debt-ridden Greece and at the same time urged banks to do more to stabilize the...
Chile Bans Toys With Fast Food Meals
Fast food chains in Chile will no longer be allowed to sell children meals that come packaged with toys and other goodies, reported the Associated Press on Wednesday, after...
The Price Of Winning An Olympic Gold Medal: $8,986 Tax Bill
American athletes who win any medals at the ongoing Summer Olympics in London may have to pay hefty taxes upon their return, reported Bloomberg News on Thursday, with the...
U.S. Beefs Up Sanctions against Iran
President Barack Obama has ordered new economic sanctions aimed at crippling Iran’s energy sector as well as penalising Chinese and Iraqi banks that have facilitated transactions on behalf of...


