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Cash-Strapped Brazil Taps into Sovereign Wealth Fund
The Brazilian government withdrew $255 million from its sovereign wealth fund to finance public accounts, according to Newsmax. The fund was created in 2008 out of the commodities boom,...
IMF Wary of Iran’s Return to Global Markets and Effect on Oil Prices
The International Monetary Fund (IMF) has turned a critical eye to Iran's return to the international markets following years of economic sanctions that had cut it off from much...
U.S. Economy Slows in Q3 despite Lower Energy Costs
Real GDP rose 2 percent in the third quarter, after rising 3.9 percent in the second quarter, a sharp deceleration that analysts expected despite lower energy costs that have...
North Korea Faces Tough Road in 2016
North Korea may contend with a serious famine in 2016 due to a prolonged drought that failed to yield substantial crop production, according to UPI. Analysts predict that the...
World Bank Finally Acknowledges Development Projects Displacing Local Populations
The World Bank has come under fire recently for policies and practices that many consider shortsighted and insensitive to the less fortunate. A glaring example involves the World Bank's...
Decade Low Oil Pressures Growth, Credit Markets
Oil prices plummeted to their lowest point in 11 years, prompting fears that energy companies will prove unable to pay back loans, which could cause rippling financial weakness throughout...
Spanish Parliament in Disarray after Elections
Prime Minister Mariano Rajoy's center-right Popular Party endured a heavy blow over the weekend, falling short of the seats needed to govern accordingly, but still maintaining a majority, notes...
New Treaty Will Expand Air Travel between US and Mexico
A new treaty between the United States and Mexico promises to greatly expand air travel between the two neighbors. U.S. and Mexican authorities believe this will lead to a...
Thailand Faces Seafood Boycott amidst Slavery Report
Calls for a boycott of Thailand’s fish and shrimp products have grown as a new report shows child slavery and human rights violations remain common in the country’s seafood...
Mozambique Economy Worsens as Year Ends
Mozambique fails to improve economically as the southern African nation suffers from low commodity prices and overindulgent spending, according to AFP. The currency fell to a record 35 percent...