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Crisis

​‘World in indefinite depression’
We are in global depression which started in 2007 and is going to continue indefinitely, Jim Rickards, economist and author of “Currency Wars: The Making of the Next Global Crisis,” told RT.

19.09.2014 13:38

Ukraine turmoil to hit emerging economies as Russia braces for setback - EBRD
Ongoing tensions between Russia and Ukraine, which have reverberated across the globe, will particularly impact economies of the EBRD region, with a modest recovery predicted in 2015 following a sharp contraction this year.

18.09.2014 13:37

Debt retrievers seizing money from American paychecks – study
One in 10 prime working age Americans are finding that by the time they get their paychecks, credit and loan businesses have been there first. The striking figure emerged after millions of payrolls were checked as part of a study by NPR and ProPublica.

16.09.2014 04:15

OECD cuts 2014 growth forecast for advanced economies
The major global economies are losing steam, and are expected to forfeit some 2014 growth, the OECD said Monday. They are weighed down by a sluggish eurozone economy, growing Middle East tension, the Ukraine crisis, and the Scot’s independence referendum.

15.09.2014 11:00

​EU to give Ukraine another €8bn to help reform
The European Union is to provide Ukraine with €8 billion to carry out reforms, the President of the European Parliament Martin Schulz said Friday.

12.09.2014 13:45

Australia’s not ‘the Lucky Country’ anymore
Two months ago, I warned that Australia’s status as 'the Lucky Country' was doomed and that an economic crash was imminent.

09.09.2014 09:51

Debt-ridden Spain to spend €1mn on riot gear
The Spanish government intends to spend about 1 million euro on police riot gear, despite the country’s debt rising by 58 billion euro over the last year. Authorities worry about widespread protests they believe will grip the nation in the autumn.

09.09.2014 12:08

​Germany should spend more on eurozone recovery – IMF chief
Christine Lagarde, head of the International Monetary Fund (IMF) has urged Germany to increase spending to spur the eurozone's flagging economic recovery, and said that a number of structural reforms are needed to revive the bloc’s growth.

08.09.2014 11:01

Broke Detroit firefighters using empty cans for emergency alerts
Anyone doubting the scale of Detroit's bankruptcy woes may be surprised to discover the city's firefighters have set up intricate, makeshift contraptions involving empty cans just to ensure emergency alerts are delivered properly.

06.09.2014 03:17

Argentina passes law to reclaim default debt from New York
Argentina’s Senate has passed a law that will let the country continue paying off its default debt by transferring international bond payments from New York to local banks, which would let other investors buy Argentine debt.

05.09.2014 09:06

‘Limits to Growth’ vindicated: World headed towards economic, environmental collapse
Australian researchers have shown that a book written ‒ and written off ‒ four decades ago accurately predicted where the world would be in terms of resource allocation and the environment. And that does not bode well for the future of humanity.

04.09.2014 20:48

​Russian food ban to cost EU $6.6bn a year – internal document
Russia's decision to impose a food embargo in response to Western sanctions may cost the European Union €5 billion ($6.6 billion) a year, according to an internal EU document.

04.09.2014 08:31

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