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World Bank Suspends Funding for Ugandan Road Projects
The World Bank announced this week that it has suspended all road projects that it has funded in Uganda. The announcement came after the Uganda National Roads Authority (UNRA)...
The Price of Oil Falls to its Lowest Point Since 2003
Oil fell to its lowest price since 2003 as a supply glut, weakening demand, and a global slowdown in growth makes the fossil fuel less in demand. WTI oil...
Russia Forces Government Agencies to Cut Spending
The Russian state issued a mandate forcing departments to slash spending by 10 percent as low oil prices plague the country's finances, according to The Economic Times. Russia's federal...
OECD Report: China, Brazil Stabilizing Economically
For months, economists have worried about the state of the Chinese economy. As the world's second largest economy, a slowdown of the Chinese economy could drag down the economy...
San Francisco Office Space Becomes Most Expensive In America
San Francisco has become the most expensive place to rent an office as tech startup cash flows to commercial landlords. While San Francisco commercial rents rose 14 percent in...
German Migration Policy under Scrutiny in Wake of New Year’s Eve Attacks
Over 500 victims have reported allegations of sexual assault, groping, and theft taking place in Cologne, Germany, on New Year's Eve, forcing German Chancellor Angela Merkel to take a...
Canadian Company Sues United States over Alleged NAFTA Violation
TransCanada, the Canadian company synonymous with the Keystone XL pipeline, announced its intention to sue the United States under the North American Free Trade Agreement (NAFTA). The case will...
Mixed Signals: U.S. Jobs Strong, Sales Weak
The U.S. economy is showing mixed signals as job growth far surpassed expectations in December, yet more companies look ready to scale back amidst weak demand. In December, non-farm...
South Africa’s Zuma Proposes 2016 Reforms
In his latest speech addressed to party supporters, President Jacob Zuma vowed certain reforms in 2016, such as enhancing living standards for the nation's poor and instilling a national...
Peru Joins OECD in Hopes of Boosting Credit Rating
When you want to improve your credit rating, you make sure to pay your bills on time, check for incorrect information on your credit statement, and avoid making too...