Author : EW News Desk Team

Criminal networks in Nigeria have been siphoning nearly 150,000 barrels of oil per day (bpd) from state and oil companies, said the Managing Director of Shell Petroleum Development Company...

If the European Union had its way, it could soon have the legal authority to rewrite the national budgets of its 27 sovereign member states, particularly for eurozone countries...

Despite the economic slowdown in China and its key trading markets such as the eurozone and the United States, China’s trade ministry says it has seen some “satisfying” indications...

Government officials across China have been selling off their luxury cars in order to boost their local revenues, reported the Financial Times on Monday, as the nation’s economic slowdown...

Tax evasion is costing the European Union around 1 trillion euros ($1.25 trillion) every year, claimed a draft statement from the European Commission that was obtained by Reuters on...

After the Fed declared that it ‘stands ready’ to protect the US economy from the eurozone debt crisis, all eyes will turn to the EU Summit later this week....

Qatar’s sovereign wealth fund, one of the largest funds in the world, is seeking a $5 billion quota to invest in China’s capital market. According to the Xinhua news...

Iraqi government offices may effectively be closed for much of the upcoming summer period, reported the Associated Press on Monday, after a parliamentary committee proposed a new law that...

Disgraced former Italian Prime Minister Silvio Berlusconi could attempt to run for office again, reported The Telegraph on Sunday, after the media tycoon was quoted to have said that...

Two major BRIC countries, Brazil and China, have announced that they will swap as much as $30 billion in their respective currencies, a move that symbolises deeper economic cooperation...