The world’s leading exporters should boost domestic demand and inflation to stimulate growth, the US treasury secretary said, rather than look to US markets to absorb their products. He also called for flexible currency rates, especially in China.
The UK Debt Management Office (DMO) was forced to put off an auction of short-dated Treasury bills, as Bloomberg terminals used by traders, investors and governments around the world suffered a two and a half hour outage Friday morning.
Leaders of two key congressional panels have agreed on a deal that would “fast-track” the Obama administration’s ability to draft a pair of controversial international trade bills and move them through Congress.
A growing number of Eurocrats allegedly oppose Prime Minister David Cameron’s demand for EU treaty renegotiation, as they are fearful of a quiet democratic revolution born of EU citizens’ will to protect the sovereignty of national parliaments.
Low-wage fast food workers are preparing for a one-day nationwide protest in what some are saying will be the largest mobilization of US workers seeking to achieve higher pay, benefits and the right to unionize.
Google is facing formal antitrust charges in the EU after years of investigation and three attempted settlements. The announcement will be made at the European Commission meeting on Wednesday, EU officials told the media.
Constraints over IT and disputes are part of an ongoing struggle for what the US considers world hegemony which can possibly transform into a hot war, Asia specials Dr. Tim Beal told RT. Hopefully for now it’s not likely, he said.
The founding states of the new Asian Infrastructure Investment Bank (AIIB) have approved the applications of Brazil, Georgia, Finland, Denmark and the Netherlands as founding members, the Chinese Finance Ministry announced Saturday.
The Summit of the Americas, being held this year in Panama, is a reminder that contrary to what many in the US like to think, the United States constitutes just one of many nations on the American continent.
Labour Party leader Ed Miliband has pledged to scrap Britain’s non-domicile tax rule if he wins the general election. The antiquated tax break allows some of the state’s wealthiest permanent residents to avoid paying UK tax on their global income.