Votes in favour of Brexit witness the “sharpest drop in odds”. Paddy power is a Irish bookmaker whose chances of voting in favour of Brexit from the “European Union in the referendum on the 23rd of June” has increased even more. During the end of last month there was the “sharpest drop in odds on...

When it comes to inaccurate statistics, all at once recall China’s fabricated data on exports and imports, intended to hide the flight of capital, as well as "successful" GDP data. Chinese statistics has long been talk of the town, especially in the developed world. More recently, Goldman...

Results of the British referendum on membership in the EU fluster not only politicians, but also the world's largest banks, for which London is the second (in some cases even first) home. Given a minimum profit, relentless pressure from regulators and impatient investors, the referendum is an...

The European Commission calls to stop prohibiting or limiting activities of mobile services like Uber and Airbnb. Instead, the Commission proposed to introduce uniform rules governing companies, representing the co-consumption economy. The European Commission is calling on EU countries to stop...

Net income from UK tax on oil and gas companies operating in the North Sea was negative for the first time since 1968, according to a report published by London agency Argus Media. The government has collected £ 538 million (or approximately $ 790.5 million) for the 2015-2016 fiscal year. However,...

While papering over differences on currencies and stimulus policies and expressing concern over North Korea, Russia and maritime disputes involving China, the Group of Seven industrial powers pledged on Friday to seek strong global growth.   The summit attended by the top leaders of the G7...

After Venezuela sold $1.7 billion of worth of Gold in the first quarter of the year to repay debts, the country’s reserves of the precious metal have plunged to their lowest level on record. Venezuela is struggling to feed its population as the country grapples with an economic crisis.   The...

While leaving the important details for easing of a debt burden to be hammered out after Germany’s federal election next year, Greece’s creditors reached a preliminary accord for a debt relief package.   The International Monetary Fund retreated from its hard-line stance for concrete and...

In his latest attempt to focus voters on the potential hit to the economy from an "Out" vote, British finance minister George Osborne said that Britain could sink into a year-long recession if it votes to leave the European Union.   "The British people must ask themselves this question: can...