Following a run of poor economic data, China surprisingly announced a 2 percent devaluation of the yuan on Tuesday. This move resulted in a worldwide impact on the share markets throughout the day. This created prospects of a possible currency wars. While the Chinese authorities claim this as a...

Greece has, for the time being, averted its debt crisis as the debt strapped economy managed to secure a loan from its international creditors on Tuesday. The multi-billion-euro bailout agreement came after marathon talks raising hope that Greece would be able to pay back the debt of €3.5 billion...

While Britain signals that it would allow genetically modified crops to be harvested in the country, Scotland on the other hand is preparing to formally ban genetically modified crops from being grown anywhere in the country. This has created a sharp policy divide with the Conservative government...

Greece hopes that Tuesday would be the day when it manages to conclude negotiations with its international lenders, according to official Greek sources.   A €3.5 billion repayment to the European Central Bank (ECB) is impending on Greece by 20 August and the ongoing meetings that began last...

Recently, political outsiders have been gotten unprecedented support not only in America (Donald Trump), Greece (SYRIZA party) or France (Marine Le Pen): with great enthusiasm UK greeted Jeremy Corbin (until recently a little-known politician from the Marxist views) that may become the leader of...

Joblessness is on the rise in the United States. US recorded the lowest four-week moving average level since mid-May and the second-lowest since the end of the recession in 2009 as the figure increased by 6,550 to reach 268,250. The rate of unemployment rose for the second consecutive week...

Technavio, the global research firm, has predicted that the US market for Li-ion batteries would grow at a CAGR of almost 37% from 2015-2019. The firm published this finding in research report on Thursday which said that the growth would primarily be driven by the growing demand for e-cigarettes....

Many oil companies are forced to cut their budgets rigidly in 2015 due to low oil prices. The rebound in April and May to $ 60 per barrel gave hope that the decline was temporary.Many oil companies are forced to cut their budgets rigidly in 2015 due to low oil prices. The rebound in April and May...

Ruling out accepting the bridge loan proposed by the European Commission in July, the Greek government made it clear that it would agree to nothing but to a complete bail out amount. This was declared by Nikos Filis, the parliamentary spokesperson for Greece's ruling Syriza party on Wednesday....