German town has a ‘Robin Hood’ donor
A great mystery is gripping Germany. In the town of Braunschweig, somebody is giving money away and lots of it. They leave it in envelopes in batches of 10,000 euros and he or she...
Category: Currency
Spain planning to breach EU budget targets
Spain is already planning to breach its budgetary targets, defying European leaders on the day they signed their historic fiscal pact. Mariano Rajoy, prime minister of Spain, said the budget deficit would be 5.8pc...
Eurozone unemployment continues to rise
The unemployment rate in the eurozone continued to rise in January, hitting another record high. The jobless rate in the 17 countries that use the euro rose to 10.7% in January, while December’s figure...
Spanish students protest austerity cuts, demonstrations turn violent in Barcelona
BARCELONA, Spain — Tens of thousands of students protested education spending cuts in big cities across Spain on Wednesday, and the demonstrations turned violent in Barcelona as angry young adults clashed with police. Riot...
Fannie asks gov’t for almost $4.6B after 4Q loss
WASHINGTON (AP) — Mortgage giant Fannie Mae said Wednesday that it lost money in the fourth quarter and is asking the federal government for nearly $4.6 billion in aid to cover its deficit. Washington,...
New insider trading law to open window into Congress members’ financial transactions
WASHINGTON – Congress is about to open a new, real-time window into its members’ stock trades, real estate deals and other financial transactions, allowing anyone to view the information online within weeks of the...
Beijing Wants Say in Choice of World Bank Head
Traditionally, the US gets to appoint the president of the World Bank. But China is keen to make its influence felt in the search for a successor to Robert Zoellick, who will step down...
Europe in housing market ‘agony’
Europe is in the midst of “prolonged agony” of housing market decline with no obvious end in sight, a report by surveyors has claimed. The downturn began five years ago, so had lasted longer...
UK has run out of money
The Government ‘has run out of money’ and cannot afford debt-fuelled tax cuts or extra spending, George Osborne has admitted. In a stark warning ahead of next month’s Budget, the Chancellor said there was...
3 doomsaying experts who foresee economic devasation ahead
Gerald Celente, a trend forecaster at The Trends Research Institute, says Americans should brace themselves for an “economic 9/11″ due to policymakers’ inability to solve the world’s financial and economic woes. The coming meltdown,...
