IMF Warns of Lost Decade for World Economy
The head of the IMF (International Monetary Fund) has made a warning statement to the world economy stating that the current global financial situation means that the world is risking being plunged into a lost decade when it comes to its economy. She went on to say that the current mounting debts in the Eurozone [...]
Warnings as Debt Collectors start to Make Use of Social Networking Sites
October 19, 2011 No Comment
The Office of Fair Trading from the UK has put out a formal warning to debt collectors who are making use of social networking sites such as Facebook to try and track down people who owe them money. The Office of Fair Trading is becoming increasingly worried that people’s privacy is being invaded and there [...]
Continue reading …
The Bank of England has made a statement today saying that it will need to inject another £75 billion into the UK’s economy through quantitative easing. This is on top of the £200 billion that the bank has put into the UK economy since the global financial crisis. Back in 2009 it did this by [...]
Continue reading …
The stock markets across the world have taken a dramatic dip as a result of worrying news about the future of the global economy. The head of the International Monetary Fund, Christine Lagarde, has states that the global economy is entering a dangerous place, with other economists also agreeing that the world’s finances are in [...]
Continue reading …
New Zealand’s economy has almost reached a grinding halt in the last quarter. According to recent economic figures the last quarter had terrible results for the country and news has sent the country’s currency into free fall. The GDP of New Zealand rose by 0.1% on the previous quarter, in the three months leading up [...]
Continue reading …
The central bank in Indian has had to raise interest rates for the 12th time in an 18 month period in a bid to stop rising inflation. The Reserve Bank of India has now decided to raise its policy lending rate, called the repo rate, to 8.25%. Inflation in India is currently at a 13-month [...]
Continue reading …
The Swiss bank UBS have stated that they have discovered unauthorised trading from a member of their staff that has cost them an estimated loss of $2 billion. The bank has stated that the figure is an estimate as they are still looking into the discovery, so this amount could still change. The official statement [...]
Continue reading …
Barack Obama has outlined a new $450 billion set of tax cuts and spending initiatives that have been designed specifically with the creation of new jobs in the United States in mind. The president had to contend with the bad news that there were n net jobs created in the month of August recently and [...]
Continue reading …
The US President Barack Obama has taken the chance of talking in front of a crowd who were in his favour in order to ask for his rivals to back him up on his plans to create new US jobs. He was making a speech in Detroit in Michigan to a sympathetic crowd and said [...]
Continue reading …
It has been confirmed that the UK is flying out £950 million worth of Libyan money by jet to Libya to make sure that the country has enough funds in order to function. The money is being sent after the UN decided to lift the freeze on Libya’s assets. The money is being flown over [...]
Continue reading …