Economy

Why the US are so powerful? The main reasons lying behind their dominance is that they base their power on several pillars : geographical advantage , culture of innovation , high level of education , financial and economic flexibility and ...

The European Union will likely soon decommission the 500-euro note in an effort to deter criminal activity. Cash. The elimination of the euro’s highest denomination is the latest step in a longer-term move toward a cashless society, prompted by factors ...

Summary The legal battle between the FBI and Apple Inc. over the unlocking of San Bernardino shooter Syed Farook’s cell phone demonstrates the increasing willingness of U.S. technology giants to challenge the government over access to user data and has ...

Jan. 12: The Venezuelan Government Grinds to a Halt The Venezuelan government has fallen into institutional crisis at a time when it can ill afford to be anything but unified. On Jan. 11, the Venezuelan supreme court declared that all ...

Summary The European Union is fragmenting, and Russia is becoming more active in its former Soviet sphere of influence. In such upheaval, it is no surprise that a string of countries running from the Baltic Sea down the Carpathians to ...

As with many aspects of modern banking, the word “bankrupt” has its roots in Renaissance Italy. The original banks were Florentine merchants who would sit in the open street behind benches (bancas in Italian) upon which their money would be ...

December 4th marked an important occasion in Chinese-African relations, signalling, as it did, the 15th anniversary of the Forum on China-Africa Cooperation (FOCAC). This is a relationship that has been largely overlooked, and yet it is one of the world’s most ...

The coalition government ruling in India is in the middle of another corruption scandal. Indeed, India’s comptroller and auditor general (CAG) has after scrutinous examination, accused the government of losing 210 billions dollars in potential revunes by giving discounted coal ...

China’s massive economic expansion since the end of the Cold War has transformed it from an isolated and impoverished country to a major actor on the world stage. But growth has introduced vulnerabilities, and Chinese economic security interests are now ...

This Article was written by Faisel Pervaiz , a specialist of India’s economy. Background: Economic expansion and industrialization will increase India’s dependence on imported oil in 2017. Legislative battles and the conflict inherent in India’s vast democratic system will make it ...