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Finance

Record global debt risks new crisis – Geneva report
A record level of $158.8 trillion in global debt, together with low economic growth is creating a serious threat of a new financial crisis, says the sixteenth annual Geneva Report.

30.09.2014 05:50

CETA: Delayed but not destroyed
The European Commission and Canada have been negotiating over the Comprehensive Economic Trade Agreement (CETA) for five years. Now Germany has decided to throw a spanner in the works.

30.09.2014 07:46

Nearly $1bn already spent on US military campaign against ISIS
The US-led military operation against the Islamic State (IS, formerly ISIS) militants has likely so far cost between $780 and $930 million, according to an estimate by Washington-based think tank specializing in defense issues.

30.09.2014 04:59

​£25bn cuts: Osborne lays out new austerity plan, working-age benefits 'freeze'
British Chancellor George Osborne has announced a huge new package of cuts totaling £25 billion, including one of the biggest squeezes on benefits in recent times, which will come into force if the Tories win next year’s election.

29.09.2014 13:13

Brussels to announce mega-penalty against Apple over illegal Irish tax deals
The European Commission in Brussels is preparing to accuse the world’s biggest company of getting special treatment from the Irish government in exchange for creating jobs. It could result in a record fine of several billion euro.

29.09.2014 07:17

‘Extraordinary hypocrite’: UK whistleblower says HSBC chief Douglas Flint ignored fraud for years
A whistleblower of HSBC fraud has denounced the bank’s chairman, Douglas Flint, as “an extraordinary hypocrite” following the financier’s suggestion that those who expose crime in Britain’s financial services sector should be rewarded and celebrated.

24.09.2014 13:06

AIG shareholders sue government claiming their $182 bn bailout wasn’t favorable enough
​Maurice Greenberg, former head of the American International Group (AIG), recruited prominent Wall Street players to contribute several million dollars to a lawsuit that alleges the US government bailout of AIG in 2008 was unfair to company shareholders.

24.09.2014 17:25

London overtakes Hong Kong as most expensive city for executives to live and work in
London has eclipsed Hong Kong as the most expensive city in the world for executives to live and work in, a new study claims. The British capital is now thought to be almost twice as expensive as Sydney, and four times pricier than Rio de Janeiro.

23.09.2014 15:48

British manufacturers urge UK politicians to commit to EU membership
A group of UK manufacturing companies have called upon the British political establishment to commit to ensuring Britain remains a member of the EU. A failure to do so could hinder UK investment and wealth creation, pro EU advocates claim.

22.09.2014 14:18

Russian sanctions ‘de facto against European business’ – Alstom chief
Russia has become a strategic market for thousands of European companies, and sanctions put EU business at risk, Philippe Pegorier, President of Alstom Russia , told RT at a Sochi Investment Forum.

22.09.2014 13:52

Banking fraud skyrockets in UK despite fresh security measures
Card and online banking fraud are on the increase throughout the United Kingdom despite recent measures to bolster encryption methods, according to new figures from the Financial Fraud Action group (FFA UK).

19.09.2014 13:59

​‘World in indefinite depression’
We are in global depression which started in 2007 and is going to continue indefinitely, Jim Rickards, economist and author of “Currency Wars: The Making of the Next Global Crisis,” told RT.

19.09.2014 13:38

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