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Latest news about the state of the world economy.
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Japan Contemplates Extra Budget of ¥1-2 Trillion to Boost Economy
The Japanese government is considering adding a fourth extra budget of ¥1-2 trillion (US$13-26 billion) for the current fiscal year as a means to fund additional economic steps without...
Italy Seeks Chinese Cash to Buy Bonds
The Italian Finance Ministry has held talks with Chinese officials in an attempt to persuade Beijing to buy “significant” amounts of Italian bonds and invest in strategic companies. The...
Warren Buffett Hires Yet Another Virtual Unknown As His Potential Successor
Warren Buffett’s Berkshire Hathaway Inc. announced yesterday that it had hired 50-year-old Ted Weschler, a hedge fund managing partner from Charlottesville, Virginia, to help oversee the company’s equity portfolio....
Al Gore Plans 24-Hour “Assault on Climate Sceptics”
Former US Vice President Al Gore will launch a 24-hour media campaign, entitled “24 Hours of Reality”, to address sceptics of climate change and call for action among policy...
Infographic: The Travel Industry Post-9/11
The 9/11 terrorist attacks had a major impact on the airline industry in the United States. In a press call titled “Effects of 9/11 on the Travel Industry; A Ten-Year...
Germany Moves Fast in Nominating New Official at ECB
Germany has nominated its deputy finance minister, Jörg Asmussen, to succeed its former top official at the European Central Bank (ECB) Jürgen Stark, following Mr. Stark's shock resignation last...
Greece Unveils More Budget Cuts and New Property Tax
Amidst heavy protest from its citizens over months of austerity measures, the Greek government has once again announced new budget cuts – including cutting the salaries for all elected...
Qatar’s World Cup Bill: US$220 Billion
Qatar will have to fork out more than US$220 billion to successfully host the 2022 FIFA football World Cup, said a German legal and financial analyst to an investors’...
Patent Wars: HTC Strikes Back at Apple with Google Patents
Smartphone titan HTC Corp. launched fresh intellectual-property claims against Apple on Thursday, using five of the nine patents it had received from Google last week as the basis of...
Obama Urges Congress to Pass US$447 Billion American Jobs Act
US President Barack Obama called on Congress to pass a US$447 billion “American Jobs Act” that would see tax cuts for workers and businesses, subsidies for state and local...


