Pope fires Vatican financial watchdog
The Pope has fired all five members of the Vatican financial watchdog whose terms were to expire in 2016 in a move to reform...
US May job creation less than expected
US May job creation at 217,000 was less than analysts had expected. In April, employers had added 282,000 jobs. The unemployment rate remained unchanged...
UK receives risky mortgages warning from IMF
Although there are few credit-led bubble signs, the UK has received a risky mortgages warning from the International Monetary Fund (IMF) in its “United...
April HICP inflation increased in 13 of 16 advanced economies
April HICP inflation increased in 13 of the 16 advanced economies, according to The Conference Board. HICP stands for the Harmonized Index of Consumer...
Verizon versus Netflix row heats up
In the Verizon versus Netflix row, the US telecommunications giant told Netflix in a “cease and desist” letter to stop telling its customers that...
Bank of England benchmark rate remains unchanged at 0.5%
The Bank of England benchmark rate remains unchanged after the Monetary Policy Committee voted to keep it at 0.5%. The Committee also voted to...
ECB reduced interest rates amid deflation threat
The ECB reduced interest rates today in response to a looming deflation threat in the Eurozone. ECB (European Central Bank) President, Mario Draghi, announced...
April US trade deficit up
The April US trade deficit increased to $47.2 billion from $44.2 billion in March, according to data published in Thursday by the Department of...
Premier League revenue hit record for 2012/2013 season
England’s Premier League revenue hit a record £2,525m in the 2012/2013 season, according to Deloitte’s 23rd Annual Review of Football Finance. Revenue for the...
GSK 105 million dollar settlement for misrepresenting drugs
A GSK 105 million dollar settlement has been agreed with 44 US states and the District of Columbia for misrepresentations of its asthma drug...