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Economy

Indonesian ban on foreign currency payments comes into force
The Central Bank of Indonesia has put into force a complete ban on the use of the US dollar and other foreign currencies in all financial transactions in the country to stop the rupiah free fall.

01.07.2015 13:44

Greece: The options
A simple guide to what may happen in the pressure cooker of a Greek default.

01.07.2015 13:11

Greek PM: We aim to seal deal with creditors after referendum
As EU officials have agreed to pause the Greek debt talks, PM Alexis Tsipras underlined his commitment to the referendum saying that any statements about expelling Greece from the Eurozone should Sunday's referendum result in a "No" vote are a bluff.

01.07.2015 14:39

​Greek debt crisis a threat to UK financial system – Bank of England
The Bank of England (BoE) has warned the Greek debt crisis is a threat to UK financial stability and could trigger wider problems on financial markets.

01.07.2015 12:08

Outrage as Heathrow Airport expansion wins official backing
Climate activists and politicians have reacted with outrage to a report championing London Heathrow Airport as the ideal site for a new runway. Critics say expanding Britain’s biggest airport will result in greater noise and air pollution.

01.07.2015 07:55

Austerity not enough to save Greece - leaked IMF documents
Even if Greece accepted all of the austerity measures demanded by its main creditors, the Troika, it still would not be able to make ends meet by 2030, according to IMF estimates revealed in a set of documents obtained by a German newspaper.

01.07.2015 00:35

Obama’s approval rating hits 50% for first time since 2013
President Barack Obama, buoyed by recent victories at the Supreme Court and signs of an improving economy, has notched an approval rating of 50 percent for the first time since 2013, a new CNN/ORC poll found.

30.06.2015 23:49

​No federal bailout for Puerto Rico – White House
The United States will not provide a federal bailout for Puerto Rico, which says it cannot pay its $72 billion public debt, the White House announced. Officials pushed Congress to allow the commonwealth to declare bankruptcy, however.

30.06.2015 22:14

Australian politicians slam TPP for ‘excessive secrecy’
Australian lawmakers have slammed the country’s deal-making process as one lacking transparency and oversight. They’ve particularly criticized the currently negotiated Trans-Pacific Partnership for its “excessive secrecy.”

30.06.2015 15:21

'€3 each to save Greece': Crowdfunding campaign raises almost €1mn in 3 days
A British shoe shop worker launched a crowdfunding campaign to help Greece pay back its $1.8 billion IMF loan. The host website's servers crashed from the traffic as donations from across Europe approached the €1 million mark.

30.06.2015 15:14

Obama to make 5mn more Americans eligible for overtime pay
The Obama administration has announced new rules that will boost the salary threshold for time-and-a-half overtime pay from the current $23,660 to $50,440.

30.06.2015 15:57

Russophrenia - an illness in need of a cure
Russophrenia - a condition where the sufferer believes Russia is both about to collapse, and take over the world. Since 2013, instances of this ailment have reached epidemic-like proportions in certain parts of Washington, London and Brussels.

30.06.2015 13:25