Australian treasurer Joe Hockey has announced that the country could lose its AAA credit rating, which would amp up interest rates for households, unless the federal budget is returned to surplus. Hockey would be handing down the second budget under his helm in two weeks and took the...

With Cuba importing 53% of its fuel consumption, the widespread use of bio-digesters will not only help its economy but also make a big dent in its national carbon footprint. Since pork is widely consumed in Cuba and since many farmers and families  raise pork as a livestock, Cuba’s Ministry...

Deutsche Bank has been fined a record $2.5bn (£1.7bn) by UK and US financial regulators for manipulating interest rates. The German bank company has also been under fire for not giving way to investigating regulators and was ordered to give the pink slip to seven of its employees. The fine could...

The representative of the royal family of Saudi Arabia, Prince Al-Waleed bin Talal in honor of the completion of the military operation in Yemen has promised to award 100 participating pilots with premium class car. Prince wrote about this intention on Twitter, where he has three million...

Bulgaria signed an agreement with Romania and Greece on the construction of the connection between the national gas transmission system, known as vertical gas corridor. It is reported by Wall Street Journal, quoting Deputy Minister of Energy of Bulgaria Zhecho Stankov. The new connection will cost...

The finance ministers part of the Eurozone negotiations with Greece plan to not set any more deadlines for Greece to come up with reforms to get more funding.   The ministers have come to this resolution as the past few deadlines have led to e fallout in negotiations. While Greece is quickly...

Chinese transformer manufacturer Baoding Tianwei, China South Industries Group’s unit, announced its own default caused by the failure to repay the bonds on time, according to Bloomberg. Tianwei has become China's first state-owned company having defaulted. Prior to this, only private firms...

OPEC forecasts a further rise in oil prices this year, as the cartel has managed to win over the shale gas revolution in the US. - Growth of boot refineries that had been provoked by seasonal increase in demand for fuel along with improved refinery profit margin, is likely to contribute to the...

The success of a school meal’s program has gone national. Based on the success of this model it has serve as a guideline for a new law framed by the Bolivian government which emphases the nutritive value of food from local produce, giving a boost to local agricultural industries. Thanks to the...