Category : Economy

By 2020 Britain would have spent nearly 40 billion pounds on its Afghan Campaign. 31.05.2013 The main beneficiaries of the Afghan war were arms dealers and afghan drug lords. A new book authored by Frank Ledwidge claims that in the whole operation not even a single Al-Qaida operative has been captured or killed. Yes, these...

U.S. has outpaced Europe during this period of rehab is due its economic structure, policy decisions and culture. 27th May, 2013 Washington has been rocked by various scandals starting from the Benghazi attacks, to the discriminatory tactics of the IRS and the Justice Department’s procurement of Associated Press phone records. The Obama Administration and its...

New research reveals millions of people have become midnight bankers. 25 May 2013 Monday 27 May is the fifth anniversary of the first Faster Payment.More than transferred for every UK household since 2008 launch After hours banking has become commonplace for millions of busy Brits, according to new research commissioned to mark the fifth birthday...

U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis. U.S. Bankers and Insurers are trying to use trade deals, which can weaken the Dodd Frank legislation designed to prevent a repeat of...

Application for building permits have increased in April to the highest level since five years. Talk of a house price bubble seems premature. U.S. house prices jumped by 10.9 % in March, the highest since April 2006. The S&P/ Case Shiller Index said 20 U.S. cities have posted annual gains for the third straight month....

Weak domestic demand dragged down output in the eurozone’s fourth largest economy, which has been shrinking since mid-2011. The GDP of Spain has fallen by another 0.5 % this year. There is no hope of its recovery until the end of this year. The country’s is headed to recession, yet again. There has been a...

Amazon.com Inc. (AMZN) workers in Germany went on strike today as the country’s largest services union attempts to push the Internet retailer to join collective bargaining agreements and pay higher wages. Amazon employees in Germany have staged their first ever strikes, disputing over payment and other benefits with the internet retailer. Employees are pushing Amazon...

Latest data reveals bn spent on entertainment, 60% more than in 2001 as we nearly double our spending in restaurants and cafes. 2001 doesn’t seem very long ago, but what we buy and the way we pay for it has changed enormously over the last decade.  In its latest report, The Way We Pay, the...

Foreign direct investment (FDI) has become more important to Vietnam’s economy, as the government began liberalising the economy. According to a report from Foreign Investment Agency, (FIA), Vietnam has attracted more than US $ 8.2 billion in FDI Capital, an increase of 17% from the last year. The FDI has shifted largely from the Red...

Raise in the level of foreign investment, Continued growth of global financial assets and Regulation of International Securities Market in Asia have collectively had an impact on capital markets and cross border trade. Raising capital becomes a real challenge for corporate around the world due to uncertainty in the global economy. To identify the financial...