International ratings agency Fitch has downgraded Greece’s sovereign rating from B to CCC ahead of the agency's next scheduled review, amid worries that the country is defaulting on its sovereign debt.
With the baby boom generation preparing to retire, the scarcity of labor in Germany is likely to become chronic, with half a million immigrants needed annually for 35 years, a study claims, predicting a sharp drop in Germany's workforce.
Washington is questioning Beijing's latest restrictions limiting the sale of foreign technology to Chinese banks, claiming the measures would hurt global trade, according to a filing with the World Trade Organization.
The risk of political instability in Saudi Arabia always goes along with a spike in the oil price as it has been the largest producer of crude oil in the world, Amir Handjani, lead director at RAK Petroleum, told RT.
The European Central Bank has increased the emergency funds available to Greek lenders by $1.1 billion, in an attempt to keep Greece in the eurozone. But, euroarea officials have told Greece they have zero trust in its ability to deliver effective policy.
The US doesn’t see Russia as a real threat, but political and economic rivalry is behind its narrative as Moscow and Beijing are forming alternate poles of global power and finance, says Dr. Conn Hallinan, a columnist at Foreign Policy In Focus.
Saudi Arabia’s state-owned oil company, Saudi Aramco, aims to increase supplies to China. It sees big opportunities in Beijing's efforts to restructure the country's economic growth model and believes supplies could double at some point.
Both chambers of the Maryland legislature passed bills that would rein in hydraulic fracturing in the state. The House of Delegates passed a three-year moratorium on fracking, while the Senate approved strict liability standards for oil and gas drillers.
The US was forced to change its mind over cooperating with the China-led development bank after its allies refused to join a boycott, which is a sign that dollar hegemony is not lasting, Lew Rockwell, chairman of the Ludwig von Mises Institute told RT.
The number of women in UK boardrooms has doubled since 2011 in Britain’s 100 largest companies, a new report shows. Despite reaching an all-time high, executive gender equality still has a long way to go.