World

Forty Australian economists issued a statement prior to the Greek national elections on January 25 claiming that the debt recovery program is unsustainable. They criticize the austerity program imposed by the Troika of the Europen Commission  (EC), European Central Bank (ECB) and the International Monetary Fund (IMF) as a “failure”. They call on the future ...

A sign reading “Sorry No Muslims” placed outside the front doors of an Australian restaurant located in Longreach has been shared widely on social media. The entire message read “2000 years ago Jesus Christ made headlines turning water into wine … the tradition continues … We turn money into beer ...

Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent you. In my experience, there is no such thing as luck. Partially, but it also ...

Bitcoin exchanges in China are braced for yet another blow as the central bank considers ordering the country’s banks to close trading.. Circle Internet Financial – a company aiming to make digital currencies like bitcoin easy to use – raises $17M in a Series B funding round and has begun ...

Headline News Citigroup Expects Fed To Raise Interest Rates Three Times In 2023 up to 5% Range Binance explores retreat from U.S as crypto crackdown escalates European gas prices drop below €50 for the first time since December 2021 Goldman Sachs now expects three more 25bps hikes In March, May, ...

German Chancellor Angela Merkel’s center-right Christian Democratic Union was within striking distance of an absolute majority in Parliament after elections. FDP is Merkel’s current junior coalition partner and will probably stay out of parliament. The small party receives only 4.5% in exit polls, and the margin of error is small. ...

Italy’s economy shrinks 0.2% in second quarter after a 0.6% contraction in first three months – economists had forecast a GDP fall of 0.4 to 0.5%

Greece, agreed to sell two banks as part of an effort to appease its international lenders and consolidate its beleaguered banking sector, says the Hellenic Financial Stability Fund has chosen Eurobank (the fourth largest lender) to buy New Hellenic Postbank. The irony: The rescue vehicle owns 100% of Postbank and ...

Greece: New unemployment record at 26.9% in April Unemployed increase by almost 195,000 more in one year from April 2012 – Employed declined by approximately 160,000 The unemployment rate in Greece rose to even higher levels, highlighting in the most vivid way that this problem, at least for now, is ...