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Hungarian Economy Expanded in Fourth Quarter
According to government data, the Hungarian industrial sector propelled the economy forward in the later part of 2015, compensating for lacking output in agriculture and construction, according to Bloomberg...
IMF Warns of Possible Global Economic Derailment
The International Monetary Fund (IMF) has begun warning the largest economies in the world that a global economic catastrophe could occur if concerted action is not taken; however, many...
U.S. Small Business Sentiment Softens
Across America, small businesses are feeling less confident about their future businesses and the economy as a whole. The NFIB Small Business Optimism Business Index fell 1 point to...
Chadian Candidates Gear Up For Presidential Elections
Incumbent President Idriss Deby will run for re-election in a race that includes 14 candidates, according to AFP. Opposition leader Saleh Kebzabo has entered the race, and most of...
IMF Praises Cyprus for Decision to Exit Bailout Program Early
The International Monetary Fund (IMF) praised Cyprus on Monday for its decision to end its participation in a bailout program two months early. The decision came after the Eurozone...
Recession Signals Sound as Credit, Labor Markets Weaken
Labor market conditions and consumer credit are weakening significantly, indicating recessionary pressures are hitting the United States. The Federal Reserve released a report on the job market, and saw...
Mongolia Settles Dispute with Mining Company
Mongolia reached a settlement over an arbitration award requiring the government to pay $100 million to Canada-based Khan Resources, according to Reuters. Under the terms, Mongolia will pay $70...
U.S. Jobs Paradox: Shouldn’t Pay Rise as Unemployment Falls?
Unemployment rates have fallen to near full-employment levels, but American workers are not getting a boost to their paychecks. Additionally, American workers are finding they have continually less bargaining...
OECD and ICC Agree on Implementation of BEPS in the Developing World
The International Chamber of Commerce (ICC) has expressed deep approval for the Organization for Economic Cooperation and Development’s (OECD) plan to allow all countries to participate in its Base...
Benin Held Elections as Current President Leaves Office
Benin voters have chosen their new president over the weekend as President Thomas Boni Yayi steps down after two terms, according to Reuters. The country had 33 candidates to...