After Venezuela sold $1.7 billion of worth of Gold in the first quarter of the year to repay debts, the country’s reserves of the precious metal have plunged to their lowest level on record. Venezuela is struggling to feed its population as the country grapples with an economic crisis.   The...

While leaving the important details for easing of a debt burden to be hammered out after Germany’s federal election next year, Greece’s creditors reached a preliminary accord for a debt relief package.   The International Monetary Fund retreated from its hard-line stance for concrete and...

In his latest attempt to focus voters on the potential hit to the economy from an "Out" vote, British finance minister George Osborne said that Britain could sink into a year-long recession if it votes to leave the European Union.   "The British people must ask themselves this question: can...

The British retail sales sector seems to have caught up unexpectedly with a positive rebound. Following the consecutive weak performance, the British economy just got a new boost of “1.3 percent” in the month of April 2016 in its retail sales’ figures.   After facing a fall of “0.5 percent”...

Eurostat has summed up the first quarter of 2016. EU’s GDP grew by 1.7 percent as a whole, while some countries experience a glut, and others are on the brink of recession. EU economy welcomed 2016 with not very fast, yet steady growth. In the first quarter, the total GDP of all 28 EU countries...

The stage for G7 advanced economies could become one for agreement between the countries to "go-your-own-way" response to address risks hindering global economic growth at their finance leaders' gathering due to a rift on fiscal policy and currencies.   The G7 policy response to anemic...

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...