It’s taken awhile, but electric cars are finally getting some serious attention from the mainstream automotive press.
In an article in CleanTechnica, Ted Kidd, a Rochester NY Electric…
World Economy
An index of data reflecting the current state of Japan’s economy fell in August, prompting a downgrade in the assessment of the indicator and suggesting the nation is on the verge of a recession…
SWIFT will not bow to pressure to disconnect Russia from international transactions as it has "no authority" to make unilateral sanctions decisions, the Belgium-based group said Monday.
An International Monetary Fund (IMF) report has urged governments to revisit the way they draft sovereign bond contracts, to prevent the so-called “vulture funds” and “holdout”…
UAE firms saw output growth accelerate to a three-month high of 63.2 points in September from 62.2 points in August but new orders growth dropped to 64.0 points. Business activity growth in the…
Mining giant Glencore’s $160 billion merger has been rejected by Anglo-Australian mining group Rio Tinto. Anglo-Swiss Glencore first approached Rio Tinto this summer with a merger offer that would…
Gold futures gained Monday, recovering somewhat from last week’s drubbing that has left them under $1,200 an ounce, MarketWatch reported.
Business Secretary Vince Cable said Britain’s economic growth is being hampered by stalled exports, partly as a result of the high value of sterling. “Arguably, the pound is overvalued by 10 to 15…
The Russian ruble hit a new historical low. The price for the US dollar now exceeds 40 rubles. The price of the euro exceeds 50 rubles, Itar-Tass reported. The Central Bank of Russia (CBR) plans…
Japanese Prime Minister Shinzo Abe said on Monday there are both positive and negative factors to a weak yen, stressing that he will closely monitor the effects on the economy. “I won’t…
Another Russian lawmaker is thinking that the latest move in the US-Russia trade spat won’t have an impact on the economy.
The deputy head of the Russia’s Federation Council Committee on…
German factory orders plunged the most since 2009, underlining the risk of a slowdown in Europe’s largest economy.
Hong Kong has long been one of the world’s most important financial centers. But this status could change if China reacts too severely to pro-democracy protests currently disrupting the city.
Samsung Electronics plans to invest $14.7 billion to construct a new chip production plant in South Korea, a major bet on its semiconductor business amid a smartphone earnings slump.
Jim Reid from Deutsche Bank remarks that the World Bank cut its 2014 GDP growth outlook for China to 7.4% from the previous forecast of 7.6%, but is more constructive on other Asian countries,…
Silicon Valley personal computer and printer maker Hewlett-Packard Co. is set to split into two companies, according to a newspaper report, DW reported. The business will look to focus more on…
The UK’s financial service sector is growing at its fastest rate since 2007, says the CBI business lobby group.
In the three months to September, 60% of firms reported greater profits, BBC…
Asian markets were mixed on Monday after a strong US jobs report showed unemployment at a six-year low, while the US dollar held on to most of the gains enjoyed at the end of last week.
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The official figure tracking unemployment levels among young people set another record when they were released in September, which experts say reflect negatively not only on the government’s…
Euro Disney SCA, the company that runs Disneyland Paris, said Monday it is to get its second bail-out from its parent company in three years, with a $1.25 billion recapitalization plan to cut its…
Lloyds Banking Group is set to cut thousands of jobs and close more branches as it embraces a new era in digital banking. The digital strategy will form the centerpiece of a three-year plan to be…
Finance and development ministers from around the world next week will warn of considerable downside risks to the global economy, and call for an effort to protect the world's poor.
Growth in the eurozone slowed again in September as economic downturns in France and Italy took their toll, according to a closely watched economic indicator.
Standard & Poor’s (S&P) Ratings Services affirmed its ‘AA’ long-term and ‘A-1+’ short-term foreign and local currency sovereign credit ratings on the Emirate of Abu Dhabi, a member of the…
Gold experienced a spectacular bull market run from its low at $250 an ounce in 2001 to its peak above $1,900 an ounce in 2011. Its long bull market was largely supported by expectations that the…
