With an ability to access the internet from anywhere in the world, 7% of the world population (500 million people) can overcome poverty, and global GDP will increase by $ 6.7 trillion. This is stated in a new report on a study conducted by Strategy &, PwC division to assist in the area of strategic...

After keeping them a close secret for more than four decades, the US Treasury Department released a breakdown of Saudi Arabia’s holdings of U.S. debt.   According to data the Treasury disclosed Monday in response to a Freedom-of-Information Act request submitted by Bloomberg News, the...

A Tory minister campaigning for Brexit has termed as “incredibly dangerous intervention” that has increased financial instability, the Bank of England’s warning that leaving the EU could lead to a recession.   The Bank’s governor Mark Carney was accused of disrupting the markets and...

The impact of Britain leaving the European Union would range from "pretty bad to very, very bad" and that there were no economic positives to it taking the step, said International Monetary Fund chief Christine Lagarde.   If voters opt to leave the European Union after the referendum next...

In April 2016, retail sales in the US increased by 1.3% compared with the previous month, according to the Ministry of Commerce data. The growth rate was the highest since March 2015. Analysts surveyed by Bloomberg expected a less significant increase in the index - by 0.8%. In March, retail...

On the eve of the final battle with Donald Trump, former US Secretary of State Hillary Clinton receives from Wall Street donors more transfers than all other candidates combined. In total, Clinton received $ 4.2 million from Wall Street, $ 344 thousand of which came in March. According to Wall...

In a move likely to further boost record overseas acquisitions by Chinese companies, China is planning to allow Chinese companies to vie for the same target and to remove the need for State Council approval for large, sensitive outbound deals.   The draft rules aimed at both speeding up...

FCA Chief Executive Sergio Marchionne said recently that in their collaboration on self-driving vehicles, Fiat Chrysler Automobiles and Alphabet Inc's Google have yet not been able to determine who would own the data that would be collected.   "That's exactly what has to be determined. We...

In response to recent disclosures in the Panama Papers revealing the scale of offshore financial activity, US President Barack Obama is launching a crackdown on international tax evasion.   The US president will take executive action to close loopholes used by foreigners in the US and call...