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320 words Maybe it’s excessive to worry and one should rather believe what Chinese authorities said about China’s economy. There is “certain turbulence” because China has to enter a “new normal”, but it is not heading for a “hard landing,” Premier Li ...
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275 words Italy’s economy remained sluggish and failed to rebound. One year and fifteen days ago, Matteo Renzi, the 39-year-old mayor of Florence, not even a Member of Parliament, swept away Italy’s old guard and became the youngest Italian Prime Minister since ...
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284 words The economy of Venezuela is expected to contract 7 percent in 2015. The economic shock has intensified with the fall in oil prices and record inflation that made US imports inaccessible to even the richest people in Venezuela. According ...
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232 words The Nasdaq Composite Index reached the 5,000 points in intraday session on March 2, 2015, a first time since the internet stock bubble collapsed 15 years ago. As a result, everyone keeps asking the same question: is there a ...
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224 words Investing in Russia is so crazy, it just might work, a January 2015 paper from Bloomberg said. The ongoing crisis in Ukraine, the negative impact of western sanctions and the growing tension in politics with the killing of opposition ...
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154 words In accordance with the principles shared by the “overwhelming” majority of the nearly 4 million commenters who participated in the Open Internet proceeding, the US Federal Communications Commission (FCC) adopted “strong, sustainable rules to protect the open internet.” Because ...
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219 words Greece and the euro area came to the brink of collapse. That’s what both Greek and European officials have repeated after the 10-day drama led finally to a so-called in extremis deal that kept Greece into the common currency zone ...
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235 words After recent demonstrations, “people in Hong Kong also needed something deeper, more practical to their lives,” Tommy Cheung, one of the organizers and student leaders of the Umbrella Movement, told VOA. The state-sponsored US news network echoed singer Common’s ...
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431 words “Iraq first, France next!” once read bumper stickers and t-shirts calling for the United States to invade France after the government of former President Jacques Chirac opposed, along with Germany, the US-led invasion of Iraq in 2003. Given the ...
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276 words According to a report written in 2010 and 2011, the GCHQ and the NSA hacked SIM card encryption keys engraved in French company Gemalto (GTO). The announcement caused the GTO stock to slump by more than 9 percent in ...
Mandarin Oriental confirmed that the credit card systems in an isolated number of its hotels in the US and Europe have been accessed without authorization, a direct result of a cyber-attack. Incidents of this nature are increasingly becoming an industry-wide concern, said a company’s communiqué.
The plunge in oil prices showed that Gabon’s plan to diversify its economy away from overdependence on oil is clearly the right way to go and is now more relevant than ever, IMF staff said.
Rapid expansion of oil supply from unconventional sources, a significant change in OPEC’s policy stance, and weak global demand are driving the recent plunge in oil prices, according to a new paper by the World Bank.
With very strong growth of 6 percent in 2014, lower energy export prices in 2015 will likely contribute to Malaysia’s growth moderating to a still impressive rate of close to 5 percent, IMF economists explained.
The OECD’s latest Environmental Performance Review of Spain warned that higher industrial output could put new pressure on the environment as the economy rebounds.
“Elections do not change treaties, (…) it is clear that you can have another approach to the Greek crisis; there may be more flexibility, but Tsipras’ victory does not entitle you to change everything,” European Commission President Jean-Claude Juncker said in an interview with the Spanish daily El Pais, referring to the Greek Prime Minister Alexis Tsipras.
“The scale of the net loss for 2014 illustrates the twofold challenge confronting Areva: continuing stagnation of the nuclear operations, lack of competitiveness and difficulties in managing the risks inherent in large projects. The group understands how serious this situation is,” Philippe Knoche, CEO, said after Areva reported a loss for 2014 of $5.3 billion.
China will raise its defense budget by around 10 percent in 2015, compared with last year’s 12.2 percent, the lowest in 5 years, a Chinese government official said, adding that “there is still a gap between China’s armed forces (and foreign counterparts) in terms of overall military equipment.”
“As far as I can tell, there was nothing new, (he) didn’t offer any viable alternatives,” US President Barack Obama said after Israeli Prime Minister Benyamin Netanyahu gave his controversial speech in the US Congress.
Sources close to US intelligence community have been talking about the murder of Boris Nemtsov as possibly resulting from an action carried out by free-lance Russians having “more or less ties” with Russian intelligence. President Vladimir Putin was not behind the plot and is said to be “both stunned and very angry,” the same sources said.
“Government agencies, including the Fed, failed to recognize the extent of the risks or how severely they could damage the financial system and the economy,” Fed Chair Janet Yellen said about the financial crisis.Get more In Brief...