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China Faces Significant Downside Risks: IMF
The International Monetary Fund has warned that the worsening eurozone crisis poses a key risk to China’s economy. However, the Fund added that China has the ability to handle...
“Only Socialism With Chinese Characteristics Can Develop China,” Says China’s VP
China’s Vice President Xi Jinping, who is widely expected to replace Hu Jintao as the nation’s paramount leader at the upcoming 18th national congress, has called on his party...
Gay Marriage Brings $259 Million Boost To New York Economy
On the one-year anniversary since passing the historic Marriage Equality Act, which granted same-sex couples the right to marry, New York City Mayor Michael Bloomberg announced on Tuesday that...
Germany Risks Losing Coveted AAA Credit Rating
Europe’s paymaster and the region’s largest economy, Germany, is at risk of losing its stellar AAA credit rating as Moody’s reiterates its warning that no country is safe from...
South Sudan Makes $3.2 Billion Peace Offer To Sudan
The government of South Sudan has offered to pay $3.2 billion to their Sudanese counterparts in order to resolve an ongoing conflict over oil revenues following their split last...
Sponsored Video: Global Economy Headed for Recession by End of 2012: Report
SPONSORED – One of the big-four accounting giants, Ernst & Young, has reported that the global economy is likely to fall into recession by the next six months, triggered...
Senior IMF Economist Lashes Out At “Tainted” Leadership In Resignation Letter
A senior economist at the International Monetary Fund (IMF) has criticised the fund for its “incompetence” in dealing with the eurozone crisis; and slammed the decision to appoint Christine...
Ultra Rich Hiding More Than $21 Trillion in Secret Tax Havens
Wealthy individuals are thought to have at least $21 trillion hidden in secret tax havens – an amount of wealth equivalent to the combined GDP of United States and...
‘Chicken Crisis’ Stirs Public Dissent In Iran
The rising cost of chicken in Iran has resulted in growing public resentment towards the government, claimed a report by Reuters on Sunday, with some citizens now blaming government...
“Unnaturally Low” Interest Rates Saves Germany Billions In Debt
Germany’s debt cost is now at a record low, reported the Associated Press on Sunday, as investors continue to gobble up German bonds at “unnaturally low” – and sometimes...


