Switzerland Proposes New Law Governing Embezzled Funds by Ousted Dictators
On Wednesday, the Swiss government has announced that it is working on a new law that simplifies blocking, freezing and restituting funds of embezzled funds by ousted dictators from foreign ... Full Story Here →
Japanese Yen Breakthrough: 100 Threshold Mark to the US Dollar
For the first time in four years, the Japanese Yen breached the 100 threshold mark to the US dollar. This momentous event occurred on Thursday in New York. By Friday, the yen was trading ... Full Story Here →
US Treasury Reports Rare $113 Billion April Surplus
The United States federal government has reported an approximately $113 billion April surplus in its budget . This is the largest surplus in five years and though rare in occurrence, ... Full Story Here →
Slovenia Intends to Meet Weekend Deadline to Fix Faulty Banking System
Premier Alenka Bratusek of Slovenia informed reporters that a plan to fix the country’s banking system will be drafted by Friday at the latest. Bratusek declared that they would have ... Full Story Here →
Ever at the Ready: European Central Bank will act as needed
The ECB (European Central Bank) has set down measures to improve the 17-nation Eurozone’s prospect for recovery in the latter part of the year. One is a cut in benchmark interest ... Full Story Here →
A Windfall of £1,500 for Each Royal Mail Worker
Every Royal Mail worker, from managers to postmen can expect a windfall. Around 140,000 workers have been promised 10% of the company by the UK government.
Business Minister Michael ... Full Story Here →
Bank of Japan Pursues Monetary Policy to Double Long-Term Bond Holdings
Japan is now the third largest economy in the world after the United States (#1) and China (#2). It lost second place to China in 2010. Now, with a new leader at the helm, the Bank ... Full Story Here →
Cyprus Finance Minister Quits after Concluding Financial Bailout
It was just a few years ago that Cyprus was a financial hub and has been attractive to foreign investors. Now the country is facing a financial crisis. In an effort to save the country ... Full Story Here →
Fitch Gives the Philippines its First Investment Grade Rating
On Wednesday, the Philippines received its first investment grade rating from Fitch Ratings. The highly valued credit rating is expected to boost the Philippines’ long-term future ... Full Story Here →
U.S. Economy Showing Signs of Recovery
The Dow Jones Industrial Average climbed over 100 points on Tuesday, with stocks rallying for a new record close since March 5. The S&P 500 is very close to its record closing high ... Full Story Here →
Indonesia’s Lion Air Signs Biggest Deal for Airbus
Indonesia’s Lion Air recently signed an order for $24 billion worth of planes from Airbus. French President François Hollande announced that the order is for a total of 234 A320 ... Full Story Here →
Cyprus Bailout Dependent on Depositor Levy
The government of Cyprus is set to get assistance from the International Monetary Fund and the World Bank to the tune of ten billion euros. Unfortunately, the Cyprus bailout will have ... Full Story Here →
European Commission Invests a Million Euros in Response to IT Shortage
Europe is experiencing an information technology (IT) skills shortage and in response the European Commission is launching a digital initiative worth one million Euros. A coalition ... Full Story Here →
Buffett and Lemann Buy H.J. Heinz Co.
Two of the world’s richest men, Warren Buffet and Jorge Paulo Lemann, are buying one of the most well-known food companies in the country. Buffett and Lemann buy H.J. Heinz Co. in ... Full Story Here →
British Recession Boosts Self-Employed Workers
The recent recession in the United Kingdom has produced an increase in self-employed workers. There has been a 10% increase of self-employed workers since 2008.
Lost your job because ... Full Story Here →
