With only weeks to go before the general election in the UK, a statement by some of the UK's leading mental health experts has warned that austerity policies are having a seriously damaging effect on the psychological well-being of ordinary people.
Political activists gatecrashed Barclay’s AGM in Central London on Thursday to highlight the role of private finance initiatives (PFI) in “killing off” Britain’s public services, racking up unsustainable debt, dodging tax and funneling profits offshore.
Germany’s biggest lender has been fined $2.5 billion by US and UK regulators for manipulating market key rates including Libor, the benchmark for interest rates on trillions of dollars of financial contracts.
With apologies to their respective spouses, if Jeb Bush’s son, George P. Bush, had married Chelsea Clinton, Americans could have spared themselves the spectacle of Election 2016 and saved billions of dollars.
Goldman Sachs’ claim that a Labour victory in the general election would impact negatively on Britain’s economy has been dismissed by leading British economists, who say the Wall Street giant’s outlook is laughable and colored by self-interest.
Goldman Sachs has reached an out of court settlement to pay £1million ($1.5 million) to a former female executive. Some of the banks top management were accused of sexually discriminating against her for being pregnant and then having a child.
Baoding Tianwei Group, owned by the China South Industries Group, has become the country’s first state-owned company to announce a default on its bonds traded in mainland China, after failing to pay $13.8 million in interest.
The Russian ruble fell for a third consecutive day, extending losses from Monday when the Central Bank announced it would raise the rate for foreign-currency loans to banks. The Bank is trying to curb the 15 percent the currency has gained this year.
The Greek government has issued a decree envisaging the compulsory transfer of local and regional authorities’ cash reserves to the country’s central bank. It explained the move by saying it was an “urgent and unforeseen need.”