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German Banks Flushed With Cash From Capital Flight Across Europe
Cash deposits in Germany rose year-on-year by 4.4 percent to 2.17 trillion euros ($2.73 trillion) in April, claimed figures by the European Central Bank (ECB) on Thursday, with the...
China Triples its Investment in Europe: Study
Chinese companies tripled their investment in Europe to $10 billion and that figure is expected to reach $500 billion by 2020. According to a report released yesterday, outbound global...
$63,000 Toilets Raise Public Ire In India
India’s Planning Commission, a government entity responsible for plotting the country’s economic future, came under fire from opposition leaders and the public on Wednesday, after reports emerged that they...
Greece May See 15% Drop in Tourism Income
Greece’s tourism revenues may plunge up to 15 percent this year, as travellers spooked by anti-austerity demonstrations and public unrest in the country opt for alternative holiday destinations. Tourism...
France Lowers Retirement Age Despite EU Concern
The French government has cut the pension age for some long-time workers from 62 to 60, reported Reuters on Wednesday, fulfilling an election promise made by President Francois Hollande...
US Debt To Be Twice The Size Of GDP By 2037
America’s federal debt could be double the size of its GDP by 2037, said a report by the Congressional Budget Office (CBO) on Tuesday, with debt figures already set...
Walt Disney Bans Junk Food Ads On Kids Programmes
Joining the fight against obesity, Walt Disney media group has declared that it will begin imposing strict new standards for food and beverage advertising on its networks –one of...
Italy To Impose Minimum Quota For Women In Corporate Boardrooms
Italian companies will be required to appoint more women in their boardroom by 2015, reported the Wall Street Journal on Tuesday, after the government passed a new “pink quota”...
Infographic: How Much Do We Spend on Gas?
While gas prices move in tandem with the trends in global oil prices, it is not the only real determinant on domestic gas prices. With the rise in summer...
China Censors Web After Ominous Sign Stirs Echoes of Tiananmen
China’s online community buzzed with excitement and conspiracy theories yesterday as the country’s leading stock exchange, the Shanghai Composite Index, opened with an ominous numerological sign linked to the...


