Even though the stock market is bearish due to the debt crisis of Greece and other countries of Euro zone. Measures have been taken up and Greece finance minister Evangelos Venizelos stated some statements in meetings of G20 and IMF. The Greece and euro zone countries may go bankrupt [...]
During the rare cross border incursion in Libya one could see supporters of el- Qaddafi carrying weapons. The Fighters loyal to Muammar Qaddafi had taken cars which was loaded with weapons from Algerian border to Libya. The weapons were used by the Fighters to attack the former rebel forces [...]
Most of the internet users who are protesters have been blocked off the internet usage and the social media. Syrian government has taken up efforts to crack down the use of social media and internet usage by some people. Many protesters may start the internet to promote the rebellion and [...]
The US FED made the expected statement yesterday on the need to keep the US economy humming, but it sounds more like a rhetoric rather than reality. The US FED has no scope for cutting down interest rates to prop up the economy as the rates are already near zero.
The US FED has a [...]
China economy on Monday overtook Japan and ranked next to US. After Tokyo showed a weak economy the power was been shifted to the land of rising sun. The second quarter of Japan’s GDP saw a less growth of 0.1% q-o-q which was driven by weakness.
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The global stock markets had ended the last week on a pathetic note, and things are looking worse for the new week also. Yes, all the major stock markets have gone down anything between 2% to 4% on Monday, thanks to Hungary comments on near default by that country.
Also the US job additions were [...]
The new British government will find difficult in occupying immigration. The new skilled professionals and students will find difficult to settle in Britain. The reason behind is the new David Cameron government which puts conservative policy among immigration. Immigration policy has put a annual limit and curbs for migrants from [...]
Greece has made a deal with European Union and IMF for a multi billion deal. The government has expected the Greek people to make big sacrifices. The Prime Minister George Papandreou addressed the Greek people on Sunday. The financial bailout is total of $160 billion and still needs backing.
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The eruption volcano name is Eyjafjallajokull which is situated in Iceland. In UK only there was canceling of 300 and more flights. Northern Europe faced a fired ash on Thursday due to the volcanic eruption. The volcano had already melted a surrounding glaciers part which caused severe floods. Around 700 [...]
The European crisis is not showing any signs of fading off. The confusion on how to fund any Iceland debt requirement by the European heavy weights, has forced Moody’s to downgrade Iceland rating to negative from Stable.
This rating downgrade would make life more difficult for Iceland and also for other troubled European countries namely [...]
