The world has made progress in eradicating extreme poverty, but around one in five people in developing regions still live on less than $1.25 per day, according to the UN Millennium Development Goals (MDG) report 2014. Despite achieving the MDG goal of halving global poverty before...
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Standard & Poor's Ratings Services decided to settle a pending lawsuit with the U.S. Department of Justice (DOJ) and is open to paying about $1 billion to settle it, the Wall Street Journal reported. The DOJ filed a $5 billion lawsuit against S&P, a unit of...
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European Union must learn to appreciate the ‘Chinese model’, author of new report says. The “successful Chinese model” is increasingly being copied by other countries, an expert on EU foreign policy says. Stephan Keukeleire says this seems to be a “more attractive mode” for developing and...
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88% of all treasury bonds issued this year, were "monetized" by the Federal Reserve System, reports the American economist John Williams. This is significantly higher than last year - according to Williams, in 2013, FRS bought 76 % of treasury securities of the United...
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Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing its debt to soar, said the USA Congressional Budget Office (CBO) report about long-term budget perspective of the country. The total amount...
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Gary North – Over the years, I have dutifully provided translations of speeches by the chairmen of the Board of Governors of the Federal Reserve System – that tiny part of the FED that is technically part of the U.S. government. As far as I...
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Japan has formed a new advocacy group for bitcoin businesses and, notably, it has the explicit backing of the nation’s government. The Japan Authority of Digital Asset (JADA) will be a bitcoin business-only group intended to establish standards and codes of conduct for its members. Brainchild...
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Local organisations involved in boosting job creation efforts are considering pushing for the increased the number of women in the agribusiness sphere, a move directed at mitigating the countries levels of unemployment. The reasons for looking out for more women in commercial agriculture are premised on...
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US bank Citigroup will fork out a total of $7 billion to settle a federal investigation into how it misled investors into buying risky mortgage-backed securities with flawed loans ahead of the 2008 financial meltdown. The settlement announced by US Attorney General Eric Holder included a...
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A mounting crisis at one of Portugal’s biggest banks and signs of a deepening economic slowdown in Europe have sent tremors through financial markets, triggering a sharp fall on European bourses and a flight to safety across the world. Portugal’s regulator suspended trading of Banco Espirito...
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