UK support for China-backed Asia bank prompts US concern
Source: BBC The US has expressed concern over Britain’s effort to become a founding member of a Chinese-backed bank that could rival the likes of the World Bank. The UK […]
Solar plane to take off Monday for flight around the world
Bertrand Piccard, one of the two Swiss pilots of the solar-powered plane Solar Impulse 2, lands at the Emirati capital Abu Dhabi’s small Al Bateen Airport during the third test […]
China's big chess move against the U.S.: Latin America
Source: CNN Money China is making friends right under America’s nose. Latin America is China’s latest business buddy. Chinese banks increased investments in Latin America by 71% last year, and […]
China’s big chess move against the U.S.: Latin America
Source: CNN Money China is making friends right under America’s nose. Latin America is China’s latest business buddy. Chinese banks increased investments in Latin America by 71% last year, and […]
Paul Piff: Does money make you mean?
Does money make you mean? https://www.youtube.com/watch?v=bJ8Kq1wucsk I want you to, for a moment, think about playing a game of Monopoly, except in this game, that combination of skill, talent and luck that help earn you success in games, as in life,has been rendered irrelevant, because this game’s been rigged, and you’ve got the upper hand. You’ve got […]
State of Ikea founder’s home raises eyebrows (Why should it? That is what happens if you rely on Ikea furniture. Editor)
Kamprad, 88, moved back to his home country of Sweden last year after living in Switzerland for almost four decades. The house in Epalinges, a bedroom suburb north of […]
Islam and Social Justice
Islam and Social Justice (Part 1/2) February 20, 2015 4:31 pm by: ali Category: Jewels of Islam Leave a comment A+ / A- By Dr. Ali Al-Halawani The famous slogan of the Jan. 25th Revolution (Egypt, 2011) was – and still is –`Iish, Hurriyyah, `Adalah Ijtima`iyyah(literally, Bread, Freedom, and Social […]
The Grexit Dilemma: What Would Happen if Greece Leaves the Euro Zone?
By SPIEGEL Staff DPA Banks across Europe, including the European Central Bank, are preparing for the possibility of Greece leaving the euro zone. With Athens and Brussels still at odds, such an eventuality seems more realistic than ever. But how disruptive would a Grexit really be? On Wednesday of this […]
Saudi Artist Ahmed Mater Sues Swiss Watchmaker Swatch For Plagiarism
Saudi Artist Ahmed Mater Sues Swiss Watchmaker Swatch For Plagiarism Coline Milliard, Wednesday, February 18, 2015 Ahmed Mater’s Magnetism (2012) is emblematic of the vibrant new art scene emerging from the Gulf. The etching print, which exists in several versions, pictures a black cubic magnet neatly encircled by steel dust—a poetic evocation of […]
America’s Going to Lose the Oil Price War
By Bloomberg on 09:20 pm Jan 13, 2015 The financial debacle that has befallen Russia as the price of Brent crude dropped 50 percent in the last four months has […]
House of Debt Economic Commentary from Atif Mian and Amir Sufi
More Evidence Supporting the House of Debt August 8, 2014 By Atif Mian and Amir Sufi Economists of all stripes are baffled by continued economic weakness in the United States. The easiest way to see the weakness is to compare where we are in terms of GDP today relative to […]
10 African startups that rocked 2014
By Loy Okezie, Special to CNN December 24, 2014 — Updated 1500 GMT (2300 HKT) | Snapscan is a mobile payments system that works using QR codes. The South Africa based startup won MTN App of the Year in 2013 and used the prize money to set up all of […]
Russia starts bailing out banks as economy faces ‘full-blown crisis’
The Telegraph: Russia is facing a “full-blown economic crisis”, a former finance minister has warned, as the country is forced to take emergency financial measures. The economy has been battered by a wave of sanctions as a result of tensions over Ukraine, geopolitical uncertainty, and falling oil prices. Alexei Kudrin, […]
Study finds that employees who are open about religion are happier
It may be beneficial for employers to not only encourage office Christmas parties but also celebrate holidays and festivals from a variety of religions, according to a Kansas State University […]
Russia raises key interest rate to 17% amid rouble decline
The Russian central bank has announced it is hiking its key interest rate to 17% from 10.5%. The bank said the move was to try to ease the rouble’s recent […]
Trial run of Haramain Railway next year
Trial run of Haramain Railway next year JEDDAH: P.K. ABDUL GHAFOUR Published — Monday 24 November 2014 Experimental operation of the 480-km Haramain Railway that links the two holy cities of Makkah and Madinah will take place in the beginning of next year, said Transport Minister Jabara Al-Seraisry. He said […]
G20 summit: Leaders pledge to grow their economies by 2.1%
BBC News: Australian Prime Minister Tony Abbott has closed the G20 summit by detailing economic pledges agreed by world leaders. The leaders agreed to boost their economies by at least 2.1% by 2018, adding $2 trillion to global economies. Much of the summit focused on Russian President Vladimir Putin’s position […]
China’s economic risks ‘not scary’ – President Xi Jinping
BBC News: The risks facing China’s economy are not “scary”, President Xi Jinping has told global business leaders. In a speech to chief executives ahead of the Asia Pacific Economic Cooperation (Apec) summit he sought to dispel concerns about the economy. “There are indeed risks (to growth), but it’s not […]
MONEY LOGGING – Rooting out corruption in the forests of Borneo
By Thomas Stephens SWISSINFO.CH NOV 5, 2014 – 17:00 Corruption is the driving force behind the destruction of the Malaysian rainforests and the displacement of indigenous people, according to a […]
A pump war?
by Thomas Friedman The New York Times Is it just my imagination or is there a global oil war underway pitting the United States and Saudi Arabia on one side against Russia and Iran on the other? One can’t say for sure whether the American-Saudi oil alliance is deliberate or […]