Church agrees to suspension of two religious days as Lisbon cuts public holidays from 14 to 10 in latest austerity move.
"What these guys in the EU are going to try to do is, as this crisis gets worse and descends, there will be an attempt at some point in the next few months for them to set up something that will be very like a dictatorship."
Germany has ruled out any possibility of renegotiating the EU's fiscal pact, which is seen by the bloc as a defense against default.
By participating in RED governance, Canada can make the new city a more attractive place for would-be residents and investors. It can help immediately by appointing a representative to a commission that has the power to ensure that RED leadership rem
The International Monetary Fund has just reported that India has overtaken Japan as the world's third biggest economy in purchasing power parity (PPP) — the measure of the amount of money needed to purchase the same goods and services.
So what's that bubble?
Good morning. Here's what you need to know.
Today multi-billionaire Hugo Salinas Price told King World News in stunning detail what he believes to be the frightening plan to “control the world” going forward. He described this as a “very disturbing fact that is facing humanity.”
A sound system of credit is built on collateral. A doomed system of debt sits precariously on phantom collateral.
UPDATE: The IBEX 35 extended losses right after today's dismal U.S. ADP jobs report, and is now off a full 3 percent. - UPDATE II: Italy is catching up to Spain on losses, as rumors about an imminent downgrade of its banks fuels a sell-off.
In the past several hours, we've received two big negative datapoints indicating the world is slowing.
Europe’s most controversial politician lives in a government safe house fitted with a panic room and guarded round-the-clock. A self-avowed foe of Islam who compared the Koran to Adolf Hitler’s “Mein Kampf” and called for a ban on Muslim immigrants..
There is the world of real things…real work and real results. And there is a whole phony world of economists… commentators… speculators… blowhards and show-offs… hustlers and conmen… fools and knaves. Wall Street…and its victims.
We hope all of our readers have a very restful, relaxing weekend, because you need to be prepared: This next week is going to be one of the busiest weeks in memory.
In the latest edition of On the Economists’ Minds, SocGen's Michala Marcussen reveals that the #1 client question right now is: Will the euro area switch to a new diet?
We hope all of our readers have a very restful, relaxing weekend, because you need to be prepared:
German Chancellor Angela Merkel said European Union leaders will discuss plans to bolster economic growth in the 27-nation bloc at their June summit.
Protesters in a remote region of Chile have triggered controversy by asking Argentina to "adopt" them because they feel forgotten by Chile's government (Publisher: "I wish my government would forget about me")
It's not a total disaster, but it's a fairly ugly scene in Europe this morning.
Quarterly reports from some of Europe's top banks showed the scars of the euro zone crisis on Thursday, with big losses on Spanish property, and fragile markets casting a shadow over the rest of the year despite an early investment banking rebound.
Ecuador is ready for any possible fallout from the European debt crisis and a slowdown in global growth, and if necessary can access a contingency line of credit valued at $1 billion.
The People’s Bank of China last week widened the yuan’s daily trading band from 0.5 percent to 1 percent. In the short term, the Chinese central bank will continue to intervene in currency markets to ensure that no major fluctuations damage China’s s
Concerns of a slowdown in China have caused investors to grow even more cautious about Australia.
For years, Zimbabwe was infamous for the opposite problem: mind-boggling inflation. Trips to the supermarket required ridiculous boxloads of cash. By January 2009, the country was churning out bills worth 100 trillion Zimbabwean dollars, which were s
Beijing is planning to avoid U.S. financial sanctions on Iran by paying for oil with gold. China’s imports of the metal are already large, and you can guess what additional purchases are going to do to prices...[and the dollar]
Foreign direct investment in Ecuador totaled $568 million in 2011, a sharp increase from the $158 million in 2010, the Central Bank said Tuesday.
UN Office on Drugs and Crime said global crime generates $2.1 trillion a year -- or 3.6% of the world's gross domestic product.
The outrage over the allocation of London 2012 Olympic tickets reignites as ticket-hungry Britons see fresh opportunity to buy slip from their hands.
Europe’s austerity backlash gains steam in challenge to German-driven program
Investors pushed global equities and the euro lower on Monday as Dutch political turmoil and disappointing euro zone data revived fears the region's debt crisis could keep much of Europe mired in recession through the year.