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Latest news about the state of the world economy.
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Italy Cuts $5.6 Billion From Budget To Avoid Sales Tax Hike
The Italian government will cut 4.2 billion euros ($5.6 billion) from the budgets of numerous ministries and public services over the next six months, said Prime Minister Mario Monti,...
Infographic: Credit Unions vs. Big Banks – How Do They Stack Up?
Credit unions have long been touted as an alternative to banks, though only recently have more and more customers made the switch over to the financial cooperative. Unlike banks,...
Coca-Cola Forced To Shut Down Chinese Plant
Chinese food safety regulators have shut down production at a Coca-Cola beverage plant in Shanxi province after discovering small amounts of chlorine in some of the products following a...
Billionaire To Build Titanic II In China
Australian mining billionaire Clive Palmer will spend close to $500 million in order to build a 21st century replica of the Titanic in a Chinese shipyard, reported Bloomberg on...
India Eases Restrictions On Cotton Exports
The Indian government has decided to lift its restrictions on fresh cotton exports, after unexpectedly announcing a ban on March 5th this year following concerns over the domestic supply....
Spiralling Wedding Costs Send South Korean Couples Into Debt
South Korean couples must fork out an average of nearly $200,000, or more than four times the annual average household income, in order to get married, said a report...
Chinese Money Heads To South Pacific
China sent more than $600 million in financial aid to Pacific Island nations last year as compared to just $200 million from the United States, claimed the Wall Street...
ILO Sees No End To Global Job Crisis
Global unemployment will rise to 202 million people by the end of the year – compared to 196 million people last year – unless governments can combine austerity measures...
Spain’s Churches Aggressively Recruiting Amidst Soaring National Unemployment
Spain’s unemployment rate may have climbed to 24.4 percent for the first quarter of the year last week, but at least one organisation is taking this opportunity to offer...
Infographic: Credit Card Debt and Online Purchases – How It All Adds Up
Ecommerce has blossomed, and e-retailers are recording healthy profits. But at the same time, Americans are finding their credit card bills and bank statements riddled with hefty digital purchases....


