Search Results for: economy
What Lessons from Part-Timers about the US Labor Market?
June 15th, 2015
The US unemployment rate has been in the range of 5.4-5.5% since February, which is clearly a vast improvement from its peak of 10% in October 2009. But of course, no single number will capture the health of the ...
European solidarity: The future of Europe and the euro depends on political leaders
June 15th, 2015
Will a Grexit Be the Lehman-Like Trigger of the Next Global Financial Crisis? European Union leaders continue to play a game of brinkmanship with the Greek government. Greece has met its creditors’ demands far more than halfway. Yet Germany ...
What is the cost if Greece exit Eurozone?
June 15th, 2015
Grexit to Cost the World One Trillion Euros in Losses Greek Finance Minister Yanis Varoufakis has estimated that Grexit would cause the international economy a trillion euros in losses, besides, there will be a considerable political damage as “the ...
No VAT on Bitcoin in Switzerland
June 15th, 2015
Excellent news from the Swiss Federal Tax Administration (ESTV): no VAT applies to Bitcoin in Switzerland. “This is excellent news for Bitcoin in Switzerland as it provides the legal certainty we need to professionally operate our business,” Niklas Nikolajsen, ...
Greece crisis: PM Tsipras tells creditors to ‘get real’
June 15th, 2015
Greek Prime Minister Alexis Tsipras has said his government will wait patiently for international creditors to become “realistic”, after talks on a debt deal in Brussels failed. Mr Tsipras rejected demands for pension cuts, citing his country’s dignity. Time ...
Saudi Arabia slips on lack of foreign inflows; Egypt flat
June 15th, 2015
Saudi Arabia‘s bourse gave up early gains and turned slightly negative on Monday after modest trading volumes indicated there were no significant fund inflows from abroad on the first day that the market opened to direct foreign investment. After ...
Bank of Russia key rate
June 15th, 2015
On 15 June 2015, the Bank of Russia Board of Directors decided to reduce the key rate from 12.50 to 11.50 percent per annum, taking account of lower inflation risks and persistent risks of considerable economy cooling. Amid significant contraction in consumer demand and ruble appreciation in February-May 2015, consumer ...
Top companies in the Arab World 2015
June 15th, 2015
The UAE features heavily in the Forbes Middle East study into the top-performing companies in the Arab World. Find out which firms made the top 10 1st: Sabic. The list was based on disclosed financial statements for 2014, collated ...
Saudi Market Opening May Help Neighbors
June 15th, 2015
Other Arab countries—including Qatar, Kuwait and the United Arab Emirates—are likely to be among the major beneficiaries When Saudi Arabia opens up its stock market to foreign investors Monday, the loudest cheers may come from the Persian Gulf country’s ...
Greece Enters Fateful Week as Talks End Fruitlessly
June 15th, 2015
Greece enters what could be a defining week after last-ditch negotiations between representatives of the Greek government and its creditors collapsed on Sunday. The euro dropped as the European Commission said the talks in Brussels had broken up after ...
