Latest World News. Find every day short and brief information composed of titles and subtitles and continue reading if interested.
GREECE’S third bail-out programme came to an end on August 20th. A look at the causes of the country’s near-decade of crisis illustrates how external imbalances can reflect underlying troubles. Gaps in public finances, as well as investments in property, were financed by borrowing from Germany and other northern European countries. Wages and costs were […]
NOT long ago China was a leading culprit in global economic imbalances. Whether blame was ascribed to its undervalued yuan or its frugal people, the problem seemed clear. China was selling a lot abroad and buying too little back. One data-point summed this up: its currentaccount surplus reached 10% of GDP in 2007, well above […]
Pascal Parrot/Getty Images China recorded a trade surplus of $ 33.74 billion in February. The bumper result was far larger than markets had been expecting. China delivered another bumper trade report in February, logging a far larger trade surplus than markets had been expecting.See the rest of the story at Business Insider NOW WATCH: […]
The Pentagon overbilled the US Army, Navy, Air Force, and the Marines for fuel, pocketing the massive price differences to fill a “slush fund” used for inefficient or mismanaged defense programs, according to the Washington Post. Read more The Department of Defense amassed $ 6 billion over the past seven years by billing the US […]
