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Key Economic News to Watch This Week: July 23
Spain’s bailout fears have peaked in the wake of Black Friday as analysts warn that current austerity measures are not enough to save the country from a death spiral....
Infographic: The Controversy Surrounding The US Federal Reserve System
Since its creation on December 23, 1913, the U.S Federal Reserve has played a key role in shaping U.S. monetary policy, as well as developing appropriate responses in times of...
Ireland To Demolish 1,850 ‘Ghost Estates’ Built During Property Bubble
Ireland’s National Asset Management Agency (NAMA), the state agency set up in 2009 to purge banks of their most toxic commercial property loans, has decided to demolish, rather than...
Mental Illnesses To Cost Canada’s Economy $20.7 Billion In 2012: Report
Mental illnesses will cost the Canadian economy about $20.7 billion in 2012, said a new report by the Conference Board of Canada on Thursday, with nearly 452,000 Canadians believed...
London & Singapore Bourses In $11.3 Billion Merger Talks: Report
Europe's oldest independent bourse, the London Stock Exchange Group (LSE), have entered into informal talks to merge with the Singapore Exchange (SGX), reported The Telegraph on Thursday, in a...
Infographic: The Softer Side of Debt Collectors
Debt collectors are often described as ruthless and unsympathetic. However, this might stir some controversy on how consumers feel about debt collectors, but debt collection companies actually have a...
China Pledges $20bn in Loans to Africa
In a bid to strengthen ties and mutual cooperation, China has promised $20 billion in credit for Africa over the next three years. The loan is double the amount...
German Village Chases Berlin For 450-Year-Old Debt Potentially Worth Trillions
Germany’s capital city, Berlin, could potentially be trillions of euros in debt, claimed a report by Reuters on Wednesday, after the village of Mittenwalde – just 30km away from...
Italy Set To Cut Public Holidays For Economy
Italy’s Prime Minister Mario Monti plans to cancel at least three public holidays from the national calendar so as to improve economic productivity, reported Sky News on Wednesday, with...
China Guilty of Discrimination Against Foreign Payment Cards
The World Trade Organisation has ruled that China discriminates against foreign providers of electronic payment services. Currently, only one company in China, UnionPay, is allowed to process yuan-denominated transactions....


