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Global economy

UK would be the poorest state if joined the US - report
If Britain were to leave the European Union and join the United States, it would be the poorest of all US states based on GDP per capita, figures uncovered by The Spectator show.

26.08.2014 12:17

Opponents of Scottish independence ‘bluffing’ on currency scare, says economist Stiglitz
Nobel laureate Joseph Stiglitz said the anti-Scottish independence campaign is “bluffing” in its scaremongering over the nation’s currency. His comments underscore a resounding pre-referendum debate victory for Scotland's pro-independence leader.

26.08.2014 08:31

French goverment resigns amid rancor over German austerity pressure
The French government has resigned despite being formed just 4 months ago. They quit after ministers slammed President Francois Hollande's plans for taxation and cuts, while also being critical of Germany’s austerity program.

25.08.2014 08:22

Argentina accuses US judge of being ‘imperialist’ after debt plan ruling
The Argentine cabinet chief, Jorge Capitanich, accused a US judge who ruled that Buenos Aires’s debt restructuring plan is illegal of having an ‘imperialist’ attitude after he backed hedge funds that refuse to take reduced returns on Argentinian bonds.

22.08.2014 18:58

Banksters win again: BoA settlement with US govt allows Wall St fraudsters to 'act with impunity,' critics say
While the US government touted its “record” settlement reached this week with Bank of America for mortgage fraud that helped fuel the 2008 recession, the details of the agreement indicate yet another slap on the wrist for an offending Wall Street titan.

22.08.2014 15:37

Nobel prize winners: Eurozone recovery is 'dismal failure'
“Stunningly destructive” and “dismal failure” is how Nobel laureates describe growth in the European Union after destructive austerity policies and the euro crisis.

22.08.2014 10:29

Wall Street banks ‘may desert UK for Ireland’ if Britain leaves EU
Wall Street banks could abandon Britain for the Republic of Ireland if the UK decides to leave the EU, senior figures in the industry have reportedly said. This is despite a Forbes report that names London the world’s ‘most influential city’.

19.08.2014 11:56

US income gap widest in decades, based on housing market data
The income gap among metropolitan regions in the United States has reached new heights based on home prices in 2013, according to a new report.

13.08.2014 16:41

Russia, Egypt looking to create a free trade zone - Putin
Egypt and the countries of the Customs Union are looking into creating a free trade zone, Russian President Vladimir Putin said after meeting with his Egyptian counterpart Abdel Fattah al-Sisi at the Black Sea city of Sochi.

12.08.2014 19:57

US jobs that returned after 2008 recession pay 23 percent less
Workers in the United States are earning an average of 23 percent less than earnings from jobs that were lost during the economic recession that began in 2008, according to a new report.

12.08.2014 17:06

FDA eases restrictions on experimental Ebola drug as CDC warns of 'inevitable' spread to US
While Ebola, the deadly disease spreading through parts of West Africa, has no cure, specific treatment or vaccine, there are several experimental drugs being tested in US labs. Now the FDA has lifted its hold on one of those drugs.

08.08.2014 18:32

£30,000 cheese order stranded as Russia import ban bites
As Russia’s sanctions on food imports begin to bite, a £30,000 cheese order only hours from export has been left stranded at its Shropshire depot.

08.08.2014 14:47

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