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Latest news about the state of the world economy.
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Indonesia Ponders Single Time Zone To Boost Economy
Indonesia’s government is reportedly planning to merge its three time zones into a Unified Indonesia Time (Waktu Indonesia Bersatu), said Khabar Online on Monday, in a move that could...
Infographic: 2012 London Olympics among the Most Expensive Games Ever Staged
As the London Olympics are finally upon us, we take a look at some of the major costs that have gone into hosting the games. The 2012 Summer Olympics...
ECB Vows to Defend the Euro
European Central Bank President Mario Draghi has promised to do “whatever it takes” to save the euro, raising expectations that the bank will soon step in to soothe jittered...
US Government Should Block China-Canada Oil Deal, Says Senator
China National Offshore Oil Corporation’s (CNOOC) $15.1 billion takeover of Canadian oil company Nexen may be under threat, reported Reuters on Thursday, after a top U.S. senator urged his...
Brazil’s Civil Servants Push For $45.3 Billion In Pay Raises
Public sector unions in Brazil are demanding nearly 92 billion reais ($45.3 billion) worth of salary increases for all of the country’s civil servants, reported Reuters on Thursday, after...
HSBC Fined $27.5m in Money Laundering Probe
Mexican regulators have slapped a $27.5 million fine on the local unit of HSBC for its lax controls that allowed Mexican drug money to pass through the bank. HSBC...
Chinese Companies Investing in US at Record Pace
China’s direct investment in the United States is expected to reach a new high of at least $8 billion this year, mostly on the back of large-scale investments in...
Palestine’s Economy Not Ready For Independence, Says World Bank
The Palestinian economy will be unsustainable if the nation achieves statehood in the near future, said the World Bank on Wednesday, with foreign aid still seen as the only...
Egyptian Athletes Given Counterfeit Gear For Olympics
Egypt’s Olympic Committee (EOC) Chairman, Gen. Mahmoud Ahmed Ali, has admitted to purchasing counterfeit Nike apparel for their representatives at the upcoming London games, claimed a report by the...
Infographic: The Truth about Medical Debt and Bankruptcy
Here at Economy Watch, we’ve covered the consumer debt topic extensively, particularly the rise of credit card debt and the phenomenal growth of student loan debts. However, did you...


