US default could trigger global recession, warns IMF
A US default could cause a global recession, said Christine Lagarde, Managing Director of the International Monetary Fund.
Lagarde said it would result in "massive...
China exports fall in September 2013
China’s exports fell in September, surprising experts who had generally expected to see a rise.
The General Administration of Customs in China said weak global...
JPMorgan Q3 loss of $380 million
After setting aside $9.2 billion to cover legal expenses, JPMorgan Chase & Co. reported a third quarter loss of $380 million (17 cents per...
Attitude to absenteeism differs around the world
New research finds that employees have different attitudes to absenteeism around the world, and suggests multinational corporations should take local norms into account when...
Fair Value Accounting Probably Did Not Drive the 2008 Financial Crisis, Says RAND Team
A new study from the RAND Corporation, finds that the practice of Fair Value Accounting (FVA) probably did not help drive the 2008 financial...
Was the Royal Mail sale too cheap?
Royal Mail shares, which sold at 330p per share, rose to 456p, an increase of 38% at the beginning of conditional dealings on the...
House prices moderating, USA
House prices across the United States are moderating, says a new report issued by ZipRealty. Inc.
Lanny Baker, CEO and President of ZipRealty, said "The...
More Boeing 787 Dreamliner Glitches, Japan Airlines
Boeing's 787 Dreamliner glitches do no seem to go away.
Japan Airlines has had to turn around two airplanes in mid-flight because of technical issues.
In...
European pilots flight time limits
MEPs (members of the European Parliament) voted for firmer flight time limits for pilots, saying that safety is a top priority.
However, some people are...
Iceland leads world in young people online as proportion of population
After achieving the first attempt to measure by country, the "digital natives" in the world, researchers have found that Iceland tops the list of...