Almost $27 billion of financial assets were pulled out of Britain in August in the run up to Scotland’s vote on independence, according to a new report by a London-based consultancy comparing the capital outflow to the Lehman Brothers collapse in 2008.
The Spanish government intends to spend about 1 million euro on police riot gear, despite the country’s debt rising by 58 billion euro over the last year. Authorities worry about widespread protests they believe will grip the nation in the autumn.
The cost of decommissioning Britain’s nuclear sites, and particularly the Sellafield complex, has increased by billions of pounds. Both regulators and the government are accused of incompetence by anti-nuclear campaigners and union leaders.
Anyone doubting the scale of Detroit's bankruptcy woes may be surprised to discover the city's firefighters have set up intricate, makeshift contraptions involving empty cans just to ensure emergency alerts are delivered properly.
Japan is looking to boost its defense budget to the biggest it’s ever been, to pay for drones, stealth fighters and a new high-tech submarine amid intensifying military rivalry with China and concerns over North Korea’s missile program.
The NATO chief wants member states to agree to increase their defense spending at next week’s summit. But Canada is determined to block the move, Reuters reports, citing anonymous sources familiar with negotiations on the issue.
Nobody is going to invest in an economy when there is no rule of law, and any certainty that assets will not be in some way squandered, taken away through bribery, or indeed outright stolen, global finance expert Patrick Young told RT.