IMF Cuts Global Growth Forecasts
An unexpected decline in output in the United States prompted the International Monetary Fund to lower the global growth forecast for this year. In...
Rich Countries Fail Their Children in UNICEF Report on Children’s Well-Being
A new study on children's well-being in rich countries released last week by UNICEF’s Office of Research finds that rich countries such as the...
Samsung files lawsuit over Apple’s iPhone 5
Samsung accuses Apple of violating its patents. This is further intensifying the relations between the two companies. We remind you that Samsung just won...
GCC Emerging, Frontier Markets Haven in Focus
“Once you start thinking about growth… …it is hard to think about anything else.” So declared economics Nobel laureate Robert Lucas, and his point...
Middle East Airlines to Reach Profits of $1.5 billion in 2013
Middle East Airlines are expected to report higher profits this year, according to IATA’s latest report. Carriers in the region are predicted to make...
Global Experts Poll: Economic Confidence Improves in Q1 of 2013, Fears...
Economic confidence index ticks up to 0.43 from 0.38 last quarter, closer to optimistic territory of over 0.5
Percentage fearing a major economic disruption for...
Ramadan and Eid al-Fitr in 2012
UAE astronomer forecasts Muslim's fasting month of Ramadan timing
A UAE astronomer has forecast the Muslim's fasting month of Ramadan might start on Saturday, July...
World’s Most Expensive and Cheapest Cities in 2013
The Economist Intelligence Unit (EIU) released its annual Cost of Living report for 2013. The study ranked both the most expensive and cheapest cities...
Japan Crisis at Chernobyl’s Level
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The Japanese government raised its assessment of the month-long crisis at its Fukushima Daiichi nuclear power plant to the highest severity level by...
New York Fashion Week 2013: What to Expect
Designers' collections for Spring 2013 are already hitting the stores. That means only one thing – it is time for the New York Fashion...
Escaping Cash in the Bank
US and UK inflation rose faster than interest rates in June. Get used to it...
JUST WHY DO people choose to buy gold and silver?...
US Federal Reserve Cuts QE Pace
The U.S. Federal Reserve announced plans to cut its monthly bond purchases to $75 billion from $85 billion. This is the first step toward...
Luxury products sales growth weakens in 2012, report
According to a new study, sales growth in the global luxury market will slow this year to 5 percent from 13 percent in 2011...
Middle East Meddling: What chance America ‘gets out of the way’?
President Obama has issued an ultimatum to Syria's President Assad - to either lead democratic transition in the country or get out of the...
Saudi Arabian Oil Minister discusses Straits of Hormuz, oil production
On “Global Exchange on CNN International” today, John Defterios and Ali Al Naimi, Saudi Arabian Oil Minister discussed oil production and price, Iran and the Straits of Hormuz....
The fiscal cliff is inevitable, what to expect?
Following prolonged automatic budget fixes, the celebration of 2013 it is expected to come along with enormous tax increase and huge spending cuts in...
Food prices increase to its highest in six months
According to the United Nations’ Food & Agriculture Organization, world food prices in September reached its six-month high as dairy and meat producers passed...
Watch Meteor Shower Tonight
If you stay up late tonight, you will be able to watch one of the most marvelous natural phenomena – the annual August Perseid...