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Spain Promises ‘Budget Olympics’ For 2020
The 2020 Summer Olympics could be one of the least expensive ever undertaken in the 21st century, reported the Wall Street Journal on Sunday, after the Spanish capital of...
China’s Q2 Growth Slips to Lowest Level in 3 Years
China’s economy grew at 7.6 percent in the second quarter of 2012, marking its sixth straight consecutive quarter of decelerating growth, its slowest pace in three years. The decelerating...
Italy’s Stats Agency Threaten Data Blackout After Budget Cuts
Italy's national statistics body, the ISTAT, may cease publishing data on the economy beginning from next year, reported Reuters on Thursday, after ISTAT’s President Enrico Giovannini threatened to go...
Infographic: America’s Natural Gas Boom
America is in the midst of a natural gas boom and about 200,000 gas wells have been drilled in the last decade. In fact, the Marcellus shale formation alone...
Made-In-China Olympic Uniforms Spark Outrage In US
The U.S.-China rivalry took an unfashionable sporting twist on Thursday after a report by ABC News revealed that American athletes were being decked out in made-in-China uniforms for the...
Pain in Spain As Austerity Reaches $80bn
Spain has announced another sweeping round of budget cuts, as Prime Minister Mariano Rajoy warned that the country would struggle to meet its debt reduction targets mandated by the...
Infographic: Can U.S. be Energy Independent?
The United States is experiencing an oil and natural gas boom, one that has created thousands of jobs and at the same time provided a much needed boost to...
McDonald’s To Have Monopoly On Fries At London Olympics
Food caterers at the upcoming London Olympics have been banned from serving fries – otherwise known as “chips” in the U.K. – at any of the games’ events, reported...
Portugal Healthcare Strike To Affect 400,000 Appointments
As many as 400,000 medical appointments and 4,500 operations could be cancelled in Portugal over the next two days, warned the Portuguese health ministry on Wednesday, after thousands of...
Wealthy Tax Evaders Could Be Let Off The Hook In India
India’s income tax department is unlikely to press criminal charges against more than 100 wealthy Indians who had secretly stashed funds in Swiss bank accounts, reported Bloomberg News on...


