Category : Economy

The FIFA World cup is expected to draw around a half million visitors, which is almost a third of Qatar’s current population, the electrifying event at Qatar will have a major impact on the economy. 15th July 2013 Qatar is a peninsula in the Persian Gulf, about the size of Connecticut, sharing a border with...

The jobs figures have further strengthened the Federal Reserve to turn off the money taps that have helped support global markets for months. 13th July 2013 Job growth was stronger than expected in the U.S. in June showing the economy on solid ground and keeping the Federal Reserve on track to scale back its massive...

The exchange rate has been set at 0.702804 lats to one Euro, and Euro notes and Coins will be issued in Latvia on 1st January, 2014. 13th July 2013 The Economic and Financial Affairs Council (Ecofin) has cleared the decks for Latvia join the troubled Eurozone, the application for membership had earlier been approved by...

Increased investment in energy efficiency will help make Asia’s energy sector more sustainable, affordable, and reliable. MANILA, PHILIPPINES – The Asian Development Bank (ADB) will boost investment in end-user energy efficiency to help Asia and the Pacific tackle surging power demand and growing environmental threats from greenhouse gas emissions. “There is huge potential for saving...

The concerns of Obama is very much evident as America has been virtually battered by increasing floods, heat waves and droughts which has taken a toll on the farmers and also led to an increase in food prices. 12th July 2013 Is the war on coal a genuine effort to reduce carbon emissions in America...

The total bailout package of 6.8bn Euros ($ 9 billion) will come from the troika of European Commission, European Central Bank and the IMF. 10th July 2013 Greece’s perseverance to follow with the austerity plans and economic reforms has finally succeeded with the battered European country getting a fresh source of aid from the International...

If Portugal doesn’t abide by the austerity programme, its creditors could halt the disbursement of funds, which means it will not have any source of funds to repay its huge debts. 7th July 2013 Portugal’s financial markets tumbled on Wednesday as the government teetered on the brink of collapse, alarming investors and reigniting concerns about...

Economists argue that the unscientific approach of pegging against a particular currency will cost the nation and its investors dearly on one hand increase inflation on the other. 3rd July 2013 The rupee on Monday fell for the first time in three days to end 13 paisa lower at 59.52 as fag end demand of...

The credit rating has already been downgraded as investors, creditors and rating agencies feel that UK will experience trouble paying back its debts in the future. 1st July 2013 The UK Government has increased its borrowing from the bond markets even as its debt stands at 75 % of its GDP. The government’s debt to...