Mighty US Dollar is about to go the same way of once mighty British Pound. China daily reports that China and Russia have decided to renounce the US dollar and […]
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Europe fearing financial Armageddon
Having settled Ireland, next big scare is what if this was not enough As Wall Street Journal reports – Contagion once again emerged in Europe as investors turned from Ireland’s […]
BUSINESS - FEATURED STORIES - GLOBAL ECONOMY
Yet Another Country (Ireland) shouting for International Bailout
After weeks of denying it needed a bailout, Ireland on Sunday became the second European country to ask for a multibillion euro emergency loan to help stabilize its debt-ridden banks. […]
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first Greece, now Ireland, next Spain & Portugal ? – economic bailout story continues
Talks went on into the night as Irish ministers insisted that they could manage their stricken finances but other Governments expressed concerns that an emergency bail-out may be required as […]
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What it feels like to be bought by a Chinese firm
A FEW years ago two executives of an international oil company were working late in its otherwise deserted office in England. A stunning young Chinese woman arrived at reception.