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Latest news about the state of the world economy.
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Spain Central Bank Reveals Record $82 Billion Capital Flight In March
Public concern over the health of Spain’s financial institutions caused nearly 66.2 billion euros ($82 billion) to be withdraw from the country over the month of March, said the...
Italian PM Suggests Three-Year Suspension Of Football League After Match-Fixing Scandals
Italy’s Prime Minister Mario Monti has called for a two to three-year hiatus for the entire football league in the country following a spate of match-fixing incidents, which have...
Infographic: Energy Usage & Security In The US
The Congressional Budget Office (CBO) in the U.S. recently released an infographic, which detailed how Americans utilised energy, as well as the various sources of energy in the country....
EU Proposes a “Banking Union” to Fight Debt Crisis
In a radical policy shift, the European Commission has called for the creation of a “banking union” that can centrally oversee and if necessary bailout the banking sector. As...
Hollande To Impose Salary Cap For Executives At State-Owned Firms
Newly elected French President Francois Hollande has set about in fulfilling his prior campaign promises by unveiling drastic new salary plans for state-owned companies, in which top executives will...
Infographic: The Rise of Mobile Payments
Consumers and shoppers are increasingly spending their time and money on credit cards and online shopping, moving away from cash payments and physical retailers. This infographic explores the ‘showrooming’...
Cuba’s Oil Dreams Dealt Crushing Blow
Cuba’s oil hopes are hanging on its last thread, reported the Associated Press on Tuesday, after Spanish oil Repsol announced its decision to cease all oil exploration efforts in...
US Long-Term Unemployment Benefits Ending Sooner Than Expected
Hundreds of thousands of unemployed Americans will see their unemployment benefits end sooner than expected despite Congress signing into effect an unemployment benefits extension through the end of the...
EU Firms Ponder China Pull-out
Nearly a quarter of all European companies operating in China are considering a switch of their investments away from the country, claimed a survey by the European Union Chamber...
Speculation over China Stimulus Fuels Market Rally
European and Asian markets rose today on fresh speculation that China is set to ramp up stimulus spending in order to avoid a sharp economic contraction. According to a...


