Russia raises interest rate to 10.5% to fight inflation and stem ruble slide
The Central Bank of Russia has increased its benchmark interest rate to 10.5%, that is a rise of a full percentage point, as it...
Is Bombardier using Luxembourg to dodge provincial taxes?
Canadian multinational aerospace and transportation company Bombardier Inc. is to be investigated by Revenu Quebec to determine whether it is using Luxembourg, a known...
Canada house prices may be 30% overvalued, Bank of Canada warns
House prices in Canada may be overvalued, warns the Bank of Canada, and by up to 30%. However, Stephen Poloz, the central bank’s governor,...
House sales boost following stamp duty reform expected by UK surveyors
Although house price growth declined in November, George Osborne’s overhaul of stamp duty is likely to boost sales, a UK Residential Market Survey carried...
Pension firms failing savers, who miss out on higher incomes
Consumers are being failed by pension funds, says a review by the Financial Conduct Authority (FCA), the UK's financial regulatory body. Savers could have...
Australian unemployment rate rose to 6.3% in November, highest level since 2002
The Australian unemployment rate rose to 6.3% in November, the highest level since 2002.
According to the Australian Bureau of Statistics (ABS), the country’s unemployment...
42.9 million American consumers have unpaid medical debts
A government report revealed that almost 20 percent of American consumers (42.9 million people) have unpaid medical debts.
The report was released by the Consumer...
Google News service is shutting down in Spain
Google has announced it is shutting down its Google News service in Spain. The service in Spain will end on 16 December before a...
Five trillion pieces of plastic floating in our oceans, says study
A recent study shows that there are over five trillion pieces of plastic floating in the world’s oceans.
The study, published in the journal PLOS...
Earth’s water came from asteroids not comets, Rosetta mission finds
According to a recent study published in the journal Science, results from the European Space Agency's Rosetta mission (which landed on Comet 67P in...