MINNEAPOLIS — Narayana R. Kocherlakota, president of the Federal Reserve Bank of Minneapolis, was once a leading opponent of the Federal Reserve’s efforts to stimulate the economy. Today, he has emerged as the only senior official arguing publicly that the Fed should do even more. The Fed’s leadership, including Janet […]
British Prime Minister David Cameron at Davos on Friday urged the rest of Europe to seize an opportunity to win back millions of jobs through the “reshoring” of production from […]
NEW YORK (CNNMoney) Five years into his presidency, Barack Obama is still falling short of his number one goal: to fix the economy for the middle class. Sure, a recovery has been underway for most of his presidency, but it’s still slow and uneven. And despite Obama’s focus on the […]
RIYADH: ABDULLAH AL-ANSARI ARABNEWS More than 73.4 km of the metro in the capital would be underground. One of the world’s largest metro projects, this automatic driverless network will be […]
Source: Bill and Melinda Gates Foundation By almost any measure, the world is better than it has ever been. People are living longer, healthier lives. Many nations that were aid […]
Worldwide economic inequality is looking rather bleak these days, according to a new report by relief organization Oxfam. Oxfam’s “Working For The Few” report looked at Credit Suisse’s “Global Wealth Report 2013” and Forbes’ list of the world’s billionaires from 2013 to conclude that 1 percent of the global population […]
LONDON — When Ireland recently made its first offering of new debt since leaving its bailout program, the Irish prime minister, Enda Kenny, was already focused on where the money would come from next. He was in Doha, Qatar, where he and the country’s prime minister, Abdullah bin Nasser bin […]
The economic recovery is gathering pace but too few people are feeling the benefits, and experts warn that rising inequality is the single biggest risk the world economy faces. The top line numbers are looking brighter: The global economy should grow by 3.2% this year, up from 2.4% in 2013, […]
(Reuters) – President Barack Obama banned U.S. eavesdropping on the leaders of close friends and allies on Friday and began reining in the vast collection of Americans’ phone data in a series of limited reforms triggered by Edward Snowden’s revelations. In a major speech, Obama took steps to reassure Americans […]
(Reuters) – President Barack Obama will announce on Friday a major overhaul of a controversial National Security Agency program that collects vast amounts of basic telephone call data on foreigners and Americans, a senior Obama administration official said. In an 11 a.m. (1600 GMT) speech at the Justice Department, Obama […]
WASHINGTON — After years of painful service cuts and devastating bankruptcies, culminating in the financial collapse of Detroit, state and local governments are being urged to stop using budget gimmicks that obscure the true extent of their money problems. On Tuesday, the State Budget Crisis Task Force released its final […]
(Reuters) – A more robust U.S. economy could lift 2014 profits and boost corporate spending, giving some comfort to investors worried about bloated stock prices. Faster economic growth should translate into better sales growth for the Standard & Poor’s 500 index, and that has investors watching the coming fourth-quarter earnings […]
NEW YORK (CNNMoney) The unemployment rate fell to 6.7% in December — the first time it’s been below 7% in five years. But the drop was for all the wrong reasons. The rate fell because many people got fed up, stopped looking for work and dropped out of the labor […]
(Reuters) – The U.S. trade deficit fell to its lowest level in four years in November as exports hit a record high and weak oil prices held down the import bill, the latest evidence of strengthening economic fundamentals. Tuesday’s report left economists anticipating a far stronger growth pace for the […]
Hong Kong’s Islamic finance goal boosted by Basel III rules Sukuk demand seen as rising as Islamic banks seek alternative to interest-paying bonds under regulatory need for more high-quality equity Enoch Yiuenoch.yiu@scmp.com Davide Barzilai, of law firm Norton Rose Fulbright, says the government’s timing is right for the launch of […]
Hong Kong’s Islamic finance goal boosted by Basel III rules Sukuk demand seen as rising as Islamic banks seek alternative to interest-paying bonds under regulatory need for more high-quality equity Enoch Yiuenoch.yiu@scmp.com Davide Barzilai, of law firm Norton Rose Fulbright, says the government’s timing is right for the launch of […]
K A B I R H E L M I N S K I T H R E S H O L D S O C I E T Y Dear Koya, I have never before offered my HuffPost blog to friends on our Threshold Society […]
France 24: By News Wires (text) More people were jobless in France in June than ever before, data showed on Wednesday in a fresh blow to President Francois Hollande’s pledge to reverse the rising unemployment trend by year-end. The latest worsening of the job market, which came despite signs this month of […]
Source: Dawn It is not merely the faith or oil that flows out of Saudi Arabia. The oil-rich Arab state and its neighbours are busy financing Wahabi and Salafi militants across the globe. A recent report by the European Parliament reveals how Wahabi and Salafi groups based out of the Middle East […]
Source: Forbes Here’s what your stockbroker and the media aren’t telling you: the world is more indebted now than it was at the height of the financial bubble in 2007. That’s right. Despite the extraordinary government intervention of the past six years. Despite continuing optimism of a recovery. Despite the […]