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Goldman forecasts record growth rise in credit card delinquencies in USA 09/25/2023

EU To Mandate Zero-Impact E-Fuel Vehicles 09/24/2023

Resell Value For Nike Air Jordans Is Declining. Is The Culture Of Sneakers Changing? 09/28/2023

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Economics

Why Italy's Economy Would Tire Itself Out Without Urgent Reforms

Loss of Greece or Portugal can be regarded as a failure, yet Italy's loss will look like carelessness. It is hard to imagine that the single European currency could survive in case of conflict with Italy, the third largest economy in the currency’s club (and the eighth in the world). Perhaps this...

Inflation in Venezuela: 36 Boeings with Money

The airport of the capital of Venezuela took an unusual cargo: 36 "Boeing-747" freighters stuffed with money. Not with foreign currency, bur their own Bolivars, which authorities buy from foreign mints. It seems that the only answer Caracas gives to inflation is more and more banknotes. Venezuela...

London Trader Helped Cause 2010 “Flash Crash”, Accuses US

A prosecutor for U.S authorities seeking his extradition claimed on Thursday that a London-based trader's market manipulation helped cause the 2010 Wall Street "flash crash" which netted him some $878,000 profit. Indicted by a U.S. federal grand jury on 22 criminal counts including wire...

British Keyboard Apps Firm SwiftKey Bought by Microsoft for $250 Million

Promising that it will continue to develop the company’s Android and iOS keyboard apps, Microsoft has acquired British apps firm SwiftKey for a reported $250 million (£173.2 million). Shortly it was first reported in the Financial Times, both the companies Microsoft and SwiftKey confirmed...

A Hello to Arms: Defence Spending Is Growing in Europe

Ice age of austerity in Europe is rapidly melting. The reason is not the most favorable: this is terror and aggravating situation in the "hot spots". According to forecasts of IHS, in the next 4 years, EU spending on defense and homeland security will grow by at least 50 billion euro compared to...

The Retail Sales’ Sector In Germany Defied Expectations

The under-performance of German retail sales’ market brought in its share of disappointment. The closing month of December 2015, saw a drop of “0.2%” in the retail sales of Germany, while the real terms failed to meet the expectations of a “revised 0.4%” seen in the previous month, informed the...

Appearances Are Deceiving In The French GDP Figures Of The Last Quarter

The economic slowdown in the French euro zone is not as alarming as it appears, says economists. According to the economists, amid the slowing down trend of the economy of France during the end of 2015, the data seemed to be stranger than what “they appeared”. Moreover, the reason for the dip has...

Negative Interest Rates Announced by BOJ Stuns Markets

Stunning investors with another bold move to revive the economy as volatile markets and slowing global growth threaten its efforts to beat deflation, the Bank of Japan unexpectedly cut a benchmark interest rate below zero on Friday. In an aggressive policy pioneered by the European Central...

Venezuela Is Trying to Persuade Russia and Saudi Arabia to Reduce Oil Production

Venezuelan President Nicolas Maduro hopes to persuade major oil producers to take concerted action "stop this madness" on the market to. By the "madness", he means the drop in prices to a level of $ 30 per barrel. For Mr. Maduro, recovery in oil prices is crucial given the political crisis in the...

Cambodia Signs An Agreement With Hungary For Mutual Investment

Hungary and Cambodia to boost their economy through trade confirms an agreement. On the 14th of January 2016 Hungary and Cambodia signed onto a “mutual investment protection” agreement whereby both the countries will boost their economy by paving the way through “trade relations”. The...