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OECD Warns that Greek Tax Woes Could Be Enduring
Greece remains in a precarious financial situation years after the global economic recession rocked its economy. As a result, Greece is currently working to obtain an additional two billion...
Chinese Stocks Surge as Economy Continues to Weaken
Chinese stocks are no longer in a bear market, having risen 20% from their lowest point in August. At the same time, more indicators suggest that China’s economic growth...
Mongolia Suffers from China Slowdown
Mongolia plunges further into an economic crisis, stemming from lacking Chinese demand and falling commodities prices, according to Bloomberg Business. The government announced emergency austerity measures that would consolidate...
Brazil Needs New Economic Measures to Protect Environment According to OECD
Although Brazil has greatly improved its impact on the environment since 2000 (cutting deforestation and reducing its carbon footprint by 40 percent), the Organization for Economic Cooperation and Development...
American Trade Deficit Falls as Private Sector Jobs Rise
The trade deficit in the United States fell by $7.2 billion while employment rose due to increased business activity. America's total trade deficit for goods and services fell to...
Scottish Economy Falls Behind Rest of U.K.
According to the University Fraser of Allander Institute, Scotland's economy will grow to 1.9 percent for 2015, a downgrade from a previous estimate of 2.5 percent. Scotland will continue...
Eurodad Identifies Surprising Haven Nations for Tax Evasion and Money Laundering
The European Network on Debt and Development (also known as "Eurodad"), a network of NGOs, has issued a recent report identifying European nations that have served as havens for...
World Bank Arbitration Panel Orders Ecuador to Pay $1.8 Billion to US Company
The World Bank's arbitration panel has ordered the Latin American nation of Ecuador to pay $1.8 billion (plus interest) to an American oil company Occidental Petroleum for cancelling a...
Iranians Frustrated with Government over Sluggish Economy
Iranians grow more impatient as unemployment and low-wage jobs burden the population, according to The Guardian. Despite the Iran nuclear deal, many officials believe it may not be enough...
Manufacturing Rout as U.S. Factory Orders Weaken
Fewer buyers are interested in American-made goods even as factories find it more expensive to hire workers. Factory goods saw declining demand, with new orders down 1% in September...