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Italian Economy Faces Deeper Fiscal Crisis as Economy Worsens
Italian Prime Minister, Matteo Renzi, attempts to reach a deal with the European Commission over the 2016 budget before the economy tumbles further, according to Reuters. Italy faces a...
Christine Lagarde to Serve Second Term as IMF Chief
For the past five years, Christine Lagarde’s face has been splashed across the media above headlines pertaining to the International Monetary Fund (IMF). Lagarde has been one of the...
Retail Sales Rise as Import Prices Fall
Americans are buying more goods as importers continue seeing lower prices. Retail sales rose 0.2% on a month-over-month basis in January, according to a new report by the Census...
Spanish Official Resigns in Wake of New Scandal
Popular Party (PP) Madrid chapter president Esperanza Aguirre resigned amid allegations of questionable funding sources, according to the Associated Press. She has been a long-time member of the party...
World Bank Vouches for Dependability of India’s GDP Numbers
Anyone familiar with quantifying gross domestic product (GDP) knows that at times it is more an art than a science. This is often particularly true in developing nations, where...
Week in Review: Market Rebukes Yellen, Bonds & Gold Soar while Stocks Fall
More investors are running away from stocks and seeking safe havens as job data weakens, signs of a recession intensify, and Janet Yellen reverses her bullish position on the...
Daughter of Ex-President Leads National Polls in Peruvian Presidential Election
Peruvian presidential candidate Keiko Fujimori, daughter of convicted ex-president Alberto Fujimori, leads her rivals with 39 percent of the vote in a recent poll, according to AFP. Alberto Fujimori,...
World Bank to Aid Serbia as It Transitions to a Digital Economy
The Eastern European country of Serbia is trying to make the difficult transition into the digital economy model of the 21st Century. After decades under communism, the nation has...
Fed Sees Fear in Markets, Risks in Economy
The Federal Reserve warned that continued market volatility was threatening America’s economic recovery. Janet Yellen said before markets opened that the Fed continues to look closely at market volatility...
DRC Suffers from Violence and Waning Copper Production
A report from the Chamber of Mines highlights that copper production in the Democratic Republic of Congo dropped to its lowest level in six years in 2015, and, according...