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Global economy

Cyber threat-sharing bill clears House committee, would give immunity to companies
The House Intelligence Committee unanimously approved its cyber threat data-sharing bill on Thursday. The measure provides liability protections for companies when sharing cyber attack information with government agencies.

27.03.2015 00:33

Mexican farmworkers strike as millions of dollars worth of crops rot
More than 50,000 Mexican farmworkers are striking in Baja California, violently demonstrating against low pay, abuses and poor working conditions. As millions of dollars worth of crops rot in the fields, protest leaders are set to meet with growers.

25.03.2015 21:10

China-led infrastructure bank - ‘indication of de-dollarization that makes US unhappy’
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.

25.03.2015 10:13

Meat demand sparks dramatic rise in antibiotic use – report
Demand for meat across the world has caused a sharp increase in farmers’ use of antibiotics, with China and the United States at the top of the list. The use of antimicrobial drugs is projected to rise drastically by 2030.

23.03.2015 23:41

‘Brexit’ from EU could cost UK economy £56bn each year – think tank
Britain can block immigration and allow its economy to contract by £56 billion or broker a new agreement with Brussels that would see the continued free flow of Europeans through its borders, a leading think tank says.

23.03.2015 09:27

‘New gold fix may invite more players into market’
Following the replacement of the archaic practice of gold fixing with a more transparent system, skeptics who were put off entering the gold market are now changing their minds, John Butler, CIO at Amphora Capital told RT.

20.03.2015 14:57

Back to Thatcher era? UK creates ‘political & economic reform’ fund for Eastern Europe
Prime Minister David Cameron has announced the creation of a government fund that will provide up to £20 million in its first year to five eastern European countries, including Ukraine, to support ‘stability in the region,’ citing Russian ‘intimidation.’

20.03.2015 13:15

Earth is halfway to being inhospitable to life, scientist says
A Swedish scientist claims in a new theory that humanity has exceeded four of the nine limits for keeping the planet hospitable to modern life, while another professor told RT Earth may be seeing an impending human-made extinction of various species.

20.03.2015 03:00

Kraft recalls 6.5 million boxes of mac ‘n’ cheese over complaints of metal pieces
It took eight customers complaining about finding mental pieces in their macaroni and cheese before Kraft recalled 6.5 million boxes that had been distributed through the United States, Puerto Rico, the Caribbean and to some South American nations.

18.03.2015 02:40

Wall Street bonuses doubled income earned by all US minimum wage workers
A new study claims that more than 160,000 Wall Street employees earned a total of $28.5 billion in year-end bonuses in 2014 – double the wages collected by the entirety of America’s 1-million-strong workforce earning the federal minimum wage.

16.03.2015 23:35

Most Germans are now in favor of Grexit – survey
Fifty-two percent of Germans want Greece to leave the eurozone, up from 40 percent two weeks ago. Most appear alienated by Athens’ high-stakes bargaining, are skeptical if Greece will follow agreements, and are energized by an anti-Greek tabloid campaign.

13.03.2015 20:56

‘OPEC story is not over’
Despite OPEC losing its influence, which might not be recoverable, people are still highly dependent on traditional fossil fuel which means the organization will still be important in the future, economist Max Fraad Wolff told RT.

12.03.2015 10:40