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The Week in Review: U.S. Economic Data Turns Sour
A substantial number of economic indicators suggest greater weakness in the American economy, as Americans struggle with rising prices, lower demand, and higher default rates. Jobless claims rose to...
World Bank: No Funds for Developing Nations without LGBT Rights Protections
The President of the World Bank made headlines this week with comments about the institution’s position on the rights of lesbians, gays, bisexuals, and transgendered individuals. Specifically, he noted...
EU Urges Albania to Reform Judicial System and Corrupt Governance
As a precursor for acceptance into the European Union, Eurozone leaders require that Albania improve its judicial branch and foster government transparency, according to the Associated Press. EU authorities...
UK Indicators Point to Decline, Pound Suffers
A growing number of economic indicators are pointing to worsening economic conditions in the UK, causing the British pound to fall further in value. The services Purchasing Managers’ Index...
One Chinese Worker Killed in Laos as Militants Grow Bolder
According to Chinese state media, one of the Middle Kingdom’s citizens was killed in a shooting in Laos that also injured three people, according to the Associated Press. The...
Europe, IMF Split over Amount of Reform Needed in Greece
European lenders and the International Monetary Fund (IMF) appear to have strong disagreements over how best to handle the Greek financial crisis. Because of those disagreements, Greece may suffer...
Global Deflation Signals Persist, Signaling Economic Slowdown
More signs of a deflationary environment are appearing in Europe and Asia, leading many economists to give up on hopes of stronger growth in the near future. In Japan,...
New Central African Republic Leader Confirmed Amid Political and Religious Turmoil
The Central African Republic (CAR) confirmed former math professor Faustin-Archange Touadéra as president, a candidate vowing to unify his country, according to Reuters. The Central African nation went through...
UN Deputy Chief Comments on Development, Peace at World Bank Forum
On Tuesday, March 1, 2016, the World Bank held a forum called the 2016 Forum on Fragility, Conflict and Violence. The forum aimed to end extreme poverty around the...
Optimism Vanishes on Softening Europe, Weak U.S. Production
Despite strong GDP growth at the end of 2015, recent data indicates a softening in global growth that is worrying economists. In Europe, the European Central Bank announced that...