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Global economy

Sell at home, not to US, Treasury chief tells exporters
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.

18.04.2015 00:41

UK postpones £3bn debt auction as Bloomberg outage keeps global investors in the dark
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.

17.04.2015 11:37

US lawmakers agree to fast-track secretive international trade deals
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.

16.04.2015 21:28

Juncker doesn’t have authority to delay EU treaty changes, say Tories
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.

16.04.2015 12:46

Texas chef hit with possible $2,000 fine for feeding the homeless
A Texas chef who has fed San Antonio’s homeless population for the past 10 years from a non-profit mobile food truck was suddenly cited and fined by local police for feeding the homeless.

16.04.2015 00:34

$50bn Asian infrastructure bank approves 57 founding members
The China-led Asian Infrastructure Investment Bank (AIIB) has approved 57 countries as founding members after including an extra seven, according to China’s Finance Ministry.

15.04.2015 10:50

​Big Mac attack: US low-wage workers prepare to strike in over 200 cities
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.

15.04.2015 08:44

EU set to file antitrust lawsuit against Google for unfair practices
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.

14.04.2015 23:35

‘Technological constraints and wars can spill over into hot wars’
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.

13.04.2015 09:04

​China-led Asian investment bank welcomes 5 new members
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.

12.04.2015 12:54

Latin America not US backyard
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.

10.04.2015 07:29

Recipe for reform? Non-dom rules make Britain ‘offshore tax haven,’ Labour says
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.

08.04.2015 12:44