“Rolling Jubilee” project eliminates $4 million in unpaid student loan debt
Strike Debt’s project called “Rolling Jubilee” has managed to purchase and eliminate $4 million dollars in unpaid private student loan debt from student lenders...
Bill Clinton says Jack Ma could help transform China
Alibaba Group Holding Ltd. set a new record in its $21.8 billion initial public offering.
The company’s debut has generated a lot of attention and...
Canadian overall inflation steady but core inflation rose unexpectedly
While the Canadian overall inflation rate in August stayed the same at 2.1%, its “core” rate surged to 2.1% from 1.7% in July, above...
Unemployment rate in Georgia increases to 8.1 percent
The unemployment rate in the state of Georgia has increased to 8.1 percent, according to state labor officials.
The Georgia Department of Labor released the...
B20 business leaders say global economy needs a kick-start
The B20 group of business leaders are asking the world’s richest countries to increase spending on infrastructure and reduce the amount of regulation and...
US appeals court declines to rule on Citigroup and Argentina appeal
A Citigroup Inc. and Argentinian appeal resulted in a “no verdict” by the 2nd U.S. Circuit Court of Appeals in New York on Friday,...
Dresser-Rand attracts acquisition interest from GE and Siemens
There are talks of a possible merger between Dresser-Rand Group and Swiss pump maker Sulzer. At the same time there are reports of GE...
TSX falls by more than 200 points
Canada’s main stock index (TSX) went down to a 1.7 percent decline for the week. This is the biggest hit that Canada’s main stock...
Lagos receives an upgraded AA+ rating from Fitch
Fitch Ratings has increased its Nigerian Lagos State’s National Long-term from AA(nga)’ to ‘AA+(nga)’. It also upgraded Lagos State’s Long-term foreign and local currency...
GSK fined for $490 million in China for bribing doctors
GlaxoSmithKline is being fined for $490 million by a Chinese court for allegations of bribing hospitals and doctors.
The record penalty reveals how GSK bribed...