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Latest news about the state of the world economy.
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China Buys More US Debt for a Second Consecutive Month
China has increased its US debt holdings for the second month in a row as the country looks for new ways to spend its rising foreign currency reserves. China,...
Worldwide Military Spending Levels Out For First Time In 13 Years: Study
Worldwide military expenditure increased by just 0.3 percent from 2010 to 2011, compared to annual average increases of 4.5 percent between 2001 and 2009, said a study published by...
US “Too-Big-To-Fail” Banks Now Bigger Than Before Financial Crisis
The United States’ five largest banks, who have been deemed as “too big to fail” by some analysts, are now bigger than they’ve ever been before, according to a...
Key Economic News To Watch This Week: April 16
A quick preview of the key economic events for the upcoming week: Last week, China announced that its economy grew a disappointing 8.1 percent in the first quarter of...
Chinese Yuan Falls against the Dollar, After China Widens Currency Trading Band
The Chinese yuan fell sharply against the dollar in early Monday trade, after Beijing widened the currency’s trading limits. According to Beijing, the move will make the yuan more...
Indonesian Workers Forced To Work 65 Hours A Week On Adidas Gear For Olympics
Organisers of the upcoming London Olympics have expressed concern over alleged “sweatshops” in Indonesia after an exposé by The Independent revealed that Indonesian factory workers had been working more...
Ireland Partners China In $2 Billion Horse Racing Project
The Republic of Ireland has agreed to help China build a $2 billion national equine centre in the city of Tianjin, said Irish Agriculture Minister Simon Coveney on Sunday,...
Samsung Ends Nokia’s 14-Year Reign As Top Handset Maker
South Korea’s Samsung Electronics is said to have, for the first time, overtaken Nokia’s 14-year leadership in global handset sales. According to a poll by analysts, Samsung sold 9...
EU Lawmakers Seek Region-Wide Caps On Bank Bonuses
The European Union may set new caps on bankers’ bonuses for all its member nations in its upcoming set of bank capital rules, claimed a report by the Financial...
Roman ‘Centurions’ Battle Police In Colosseum Protest
Visitors to the Colosseum in Rome on Thursday witnessed a live “battle” erupt before their eyes, after dozens of Roman centurion impersonators began fighting with Italian police officers inside...


