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252 words The United Nations (UN)’s World Food Program (WFP) announced that 72 countries have achieved the Millennium Development Goals (MDG) of halving proportion of hungry people. This is good news although officials talked ...
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589 words In April 2009, US President Barack Obama had perceived positive signs from Cuba and Venezuela. At the time when Hugo Chavez was alive and President of Venezuela, Obama had believed “that the ...
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465 words “The human environmental and financial cost of climate change is fast becoming unbearable,” warned United Nations (UN) Secretary-General Ban Ki-Moon in September 2014. “To ride this storm we need all hands on ...
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301 words Less than three months ago, one would have been either crazy or intrepid to invest in Russia in 2015, after the ruble (RUB) had fallen sharply against the dollar (USD) and the ...
The IRS announced that criminals used taxpayer-specific data acquired from non-IRS sources to gain unauthorized access to information on approximately 100,000 tax accounts. This data included Social Security information, date of birth and street address.
Despite uninterrupted economic growth for 25 years and no recession following the financial crisis, Poland has voted for change by electing conservative candidate 43-year-old Andrzej Duda as its next president.
According to Iranian official sources, Japan’s Ambassador to Tehran Koji Haneda told Iran’s media that Japanese companies are currently studying the potentials to make investments in Sistan and Baluchestan.
Meanwhile, Israeli Prime Minister Benyamin Netanyahu tweeted that “as horrific as ISIS is, once Iran, the preeminent terrorist state today, acquires nukes, it’ll be a 1000 times more dangerous than ISIS.”
From a period of low growth, high inflation and shrinking production, the Narendra Modi’s government has not only strengthened India’s macro-economic fundamentals, boasted an official communiqué, but has also propelled the economy to a higher growth trajectory. India’s GDP growth rocketed to 7.4%, which is the fastest among all the large economies of the world.
The Republican-led US Senate gave President Barack Obama a victory when it passed the Trade Promotion Authority bill, the so-called “fast-track” for the TPP.
According to a report by KKR, the BRICS have endured over the past 5 years some of the greatest absolute multiple compression as investors have become disillusioned with – among other things – excessive government intervention, declining returns, weakening currencies, and unorthodox monetary policy.
“The economy is (complicated) by both internal and external factors. At the same time, (…) a change in the ruble exchange rate enhances the competitiveness of Russian goods in terms of pricing, thereby opening up an opportunity to take over new niches both nationally and internationally,” said Russian President Vladimir Putin.
“The four installments for the IMF in June 2015 are $1.8 billion. This money will not be given and is not there to be given,” Greek Interior Minister Nikos Voutsis told.
While undervaluation of the Renminbi (Yuan) was a major factor causing the large imbalances in the past, the IMF’s assessment now is that the substantial real effective appreciation over the past year has brought the exchange rate to a level that is no longer undervalued.
Income inequality has reached record highs in most OECD countries and remains at even higher levels in many emerging economies.
The 34 Member countries of the OECD decided to renew Secretary-General Angel Gurría’s mandate at the helm of the organization for the period 2016-2021.
2014 was in many ways another year of profound change at the IOR (Istituto per le Opere di Religione, Vatican Bank) with net profit in 2014 rebounding to €69.3 million from €2.9 million in 2013.Get more In Brief...