The debt of the United States is about $ 20 trillion. And when it comes to who owns American debt, everyone recalls China, Japan and other big countries-holders of Treasuries. However, many do not know that the Social Security Trust, known as pension money of Americans, owns most of the public...

The reasons he has cited for his view is the prevalence of falling unemployment and loitering inflation at around 2% despite strong economic growth within the Eurozone. On Monday, the European Central Bank’s vice president, Vitor Constancio stated, the central bank’s monetary policy must remain...

In what can be read as a sign for the declining interest of U.S. firms to do business in Cuba since Donald Trump took over Presidency, there were only 13 U.S. companies that took up stands at this year’s Cub’s trade fair.   The top-ranking event on Cuba’s business calendar saw the...

Ex-employees as well as some current managers of Commerzbank are being held as suspects for a case of tax evasion which is estimated of being as much as “$47 million”. As a result, the German officials have visited their offices as well as private homes. On Friday, prosecutors searched the offices...

While many proposals have called for the government to sell its stake in Deutsche Telekom and utilise the proceeds thereof for upgrading its broadband infrastructure, Merkel’s party is confident that Germany’s economy is strong enough to support a separate 5G network, in addition to its fibre-optic...

Debates about the long-term sustainability of Greece's debt will begin after the country's creditors review its reforms, Greek Prime Minister Alexis Tsipras said. Tsipras told lawmakers from his left party that negotiations with creditors are proceeding well. Earlier, the government stated that...

While regulators plan on changing the scandal-plagued Libor by the end of 2021, given its strategic nature and the fact that it is deeply embedded into global finance, measures taken by lenders are bordering on the verge of legality, warned two asset managers from Franklin Templeton. Franklin...

The National Aeronautics and Space Administration (NASA) of the United States and Uber Technologies Inc. on Wednesday signed an agreement on the joint development of a project of flying taxis on electric traction. As Uber stated in a message, tests of a new model of movement around the city will...

People in Asia are thriftier than in other regions of the world, and this is one of the most established views about the global economy. This belief is based on a culture associated with the self-discipline of Confucianism, history (memory of deprivation) and public policy (an unreliable social...