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Latest news about the state of the world economy.
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UK Unemployment Reaches 17-Year High
Unemployment has reached 2.57 million across the United Kingdom as the economic downturn, combined with long term trends towards youth unemployment, saw jobless figures rise again. The U.K. statistics...
Peanut Butter Prices to Rise After Poor Peanut Harvest
After a hot and dry summer this year, the wholesale price of peanuts have skyrocketed from US$450 to US$1,150 a ton. In response, top peanut butter brands are forced...
Wall Street to Cut Bonuses in 2012
According to the New York State Comptroller, Wall Street is set to reduce cash bonuses for the second year in a row. In a similar vein, the securities industry...
China Under Immense Pressure to Appreciate Yuan
The U.S. Senate has approved a bill that would increase the pressure on China and other countries to allow the value of their currencies to rise; in a move...
Yulia Tymoshenko jailed for 7 years, says Ukraine trial ‘like Stalin’s Soviet Union’
A Ukrainian court has sentenced former Prime Minister Yulia Tymoshenko to seven years in prison for abuse of office because of a natural gas deal she signed with Russia...
Infographic: Remembering Steve Jobs
A week after the passing of tech entrepreneur and Apple visionary Steve Jobs, we pay tribute to the man who, whether we realize it or not, made a big...
Asian Executives to Earn More Than Those in U.S. By 2013
According to consulting firm Mercer’s global executive pay trends study, executive salaries in Asia will soon surpass those in the U.S. by 2013. Asian executives are taking home bigger...
Chinese Pensioners Rally In Support of Occupy Wall Street
The Occupy Wall Street movement may have started in New York City, but the cause is now spreading across to Canada and overseas, and in the process gaining an...
And the Nobel Prize Goes To…
Two U.S. economists were yesterday awarded the 2011 Nobel Peace Prize in economic science. Professor Christopher Sims and Thomas Sargent, both 68, were given the highest recognition for their...
Deadly Violence Erupts in Cairo
Violence has broken out in Cairo, with clashes between protestors and security forces in central Cairo leaving 24 dead and more than 200 injured, raising new concerns about Egypt’s...


