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Saudi Arabia Losing Its Shine for ExPat Workers

Saudi Arabia Losing Its Shine for ExPat Workers

Many foreign workers in Saudi Arabia have for year lived and worked in the oil-rich country sending part of their earnings back to their families in their homeland. However, due to the steep drop in prices causing a shift in labor... 
Iran Taking Tough Stance on Talks with Oil Producers

Iran Taking Tough Stance on Talks with Oil Producers

Iran has signaled on Wednesday that it would be taking a tough stance in the discussions amongst oil producers on restraining their production, saying it would continue to increase its output until levels were reached from before the... 
For First Time in Past Four Months UK Inflation Above Zero

For First Time in Past Four Months UK Inflation Above Zero

The UK inflation rate moved back to above zero during November for the first time in the past four months, a move that leaves the rate a long distance from the target set by the Bank of England. Prices increase on an annualized rate... 
Nigerian Airlines Cancelling Flights Due to Fuel Crisis

Nigerian Airlines Cancelling Flights Due to Fuel Crisis

Nigerian airlines on Saturday grounded flights and radio stations became silent as a fuel shortage that is now months long aggravated by striking drivers of oil tankers worsened in the biggest oil producer in Africa. Vehicles were... 
India and China Likely to be Two Largest Shareholders of AIIB

India and China Likely to be Two Largest Shareholders of AIIB

China will most likely have a 25-30% stake in a new Asian Infrastructure Investment Bank or AIIB. India is to be the shareholder with the second largest share, said delegates on Friday after a meeting of three days of the founding... 
Russia’s Slumping Ruble Squeezing Tourism in Southeast Asia

Russia’s Slumping Ruble Squeezing Tourism in Southeast Asia

The sharp decline of the ruble in Russia is exacting its toll on tourism across Southeast Asia as Russians are thinking twice about doubling the budget their next holiday at the beach in Cambodia, Thailand or Vietnam. The ruble dropped... 
Decision by Italian Court Relieves Amanda Knox

Decision by Italian Court Relieves Amanda Knox

On Friday, a high court in Italy overturned the Amanda Knox murder conviction by rejecting her sentence of 28 years in the 2007 killing of Meredith Kercher a British student. The conviction of Raffaele Sollecito the former boyfriend... 
Top Court in Italy Ruling Today on Fate of Amanda Knox

Top Court in Italy Ruling Today on Fate of Amanda Knox

The highest court in Italy is expected to make a ruling Wednesday on whether to uphold the murder conviction of Amanda Knox and her former boyfriend for the killing in 2007 of Meredith Kercher a British student. The case, which inspired... 
Brazilian Poor Turning on Rousseff

Brazilian Poor Turning on Rousseff

Amongst the estimated 1 million Brazilians taking to the streets on Sunday in Sao Paulo to call for the impeachment of President Dilma Rousseff over the corruption scandal with Petrobas, are the poor, who the most concern to the president. Many... 
Cuba Has Unrestricted WiFi as Controls Loosened

Cuba Has Unrestricted WiFi as Controls Loosened

Young Cubans have started to flock to use the first free open access Internet on the Caribbean Island nation, which was made possible by a famous Cuban artist. A small, modest Havana cultural center has suddenly turned into a source... 
Official: Greece Must Forget False Promises of Syriza

Official: Greece Must Forget False Promises of Syriza

Greece must realize that there is no other alternative to reform, said a governing council member of the European Central Bank Luc Coene. His interview was published Saturday and in it told Greeks that they must not be sold on the... 
Greece Does Not Want Aid Extension or Cooperate with Troika

Greece Does Not Want Aid Extension or Cooperate with Troika

The new leftist Greek government opened bailout talks on Friday with its European partners refusing to extend the aid program or cooperate with international inspectors who are overseeing it. The government of Alexis Tsipras the new... 
Russia Cuts Key Interest Rate Unexpectedly

Russia Cuts Key Interest Rate Unexpectedly

The central bank in Russia has unexpectedly cut its benchmark rate of interest by 2% letting its currency slide as its economy sinks toward a recession. The auction rate of one week was cut from 17% to 15%, said the bank on Friday.... 
Prosecutor in Argentina Found Dead

Prosecutor in Argentina Found Dead

A prosecutor in Argentina, who had last week accused the President of Argentina, Cristina Fernandez de Kirchner, of attempting to absolve officials from Iran from involvement in the terrorist attack that was the mostly deadly in the... 
Jester Continues Attacking Jihadists

Jester Continues Attacking Jihadists

Anonymous has not started anything new by hacking the websites of Islamic extremists. A mysterious hacker known only as the Jester has been doing it for over five years. The hacker has single-handedly brought down dozens of Islamic... 
Forecast for Global Growth Cut by World Bank

Forecast for Global Growth Cut by World Bank

The World Bank cuts its forecast for the world economy, warning the world could not rely on the United States as its single source of growth. In its report done biannually, the bank forecasted the world’s economy would expand by... 
More Weakness Found in China’s Economy

More Weakness Found in China’s Economy

The economy in China continued to become weaker during November according to two gauges regarding factory activity that showed manufacturing had lost its momentum despite a recent drop in the country’s interest rates. Shares in China... 
Fifteen Killed in Xinjiang Region Attack in Western China

Fifteen Killed in Xinjiang Region Attack in Western China

In the troubled Xinjiang region in western China an attack killed 15 people while injuring another 14, said state media on Saturday. This is just the latest wave of violence in the area that has killed dozens of people over the last... 
Procter & Gamble Operations Suspended in Argentina

Procter & Gamble Operations Suspended in Argentina

Proctor & Gamble, the largest maker of household products in the world has been accused by Argentine authorities of tax fraud, and had its operations suspended in the country. It is still not clear what the governmental authorities... 
Hungary Ends Tax Plan for Internet

Hungary Ends Tax Plan for Internet

Viktor Orban the Prime Minister of Hungary announced on Friday that the government would end, at least at this time, a proposed tax on usage of Internet that received tens of thousands of protesters in the streets during the week. Orban... 
World Bank Drops Forecast for Growth in East Asia

World Bank Drops Forecast for Growth in East Asia

The World Bank has lowered its forecast for economic growth in the East Asia Pacific developing countries citing China’s economic sluggishness, falling prices in commodities and tepid spending by governments. The region is expected... 
Smugglers in China Earning Big Money with iPhone 6

Smugglers in China Earning Big Money with iPhone 6

Two days following the start of sales of the iPhone 6 customs officers in Hong Kong saw people loading boxes onto a speedboat. When customs officers approached the boat, the occupants hurriedly sped off and left behind 15 boxes. In... 
Ireland Credit Rating Increased by Fitch

Ireland Credit Rating Increased by Fitch

Fitch the rating agency has revised its sovereign credit rating for Ireland by moving it up one notch on Friday to A-. The agency cited a recovery led by employment with a banking system that was much healthier. Fitch became the second... 
China Calls iPhone National Security Threat

China Calls iPhone National Security Threat

State media in China has called the Apple iPhone a national security threat due to the fact the smartphone is able to record the location of a user. CCTV run by the state said that the Frequent Locations function the smartphone has... 
Venezuela Creating Nightmares for Big Companies

Venezuela Creating Nightmares for Big Companies

Venezuela has become a huge problem for many businesses, one of which is the airline industry. The currency problems in Venezuela are making it more difficult for international businesses to earn a profit in the South American country. The... 
Oil Falls Below $104, Exports to Increase in Libya

Oil Falls Below $104, Exports to Increase in Libya

The price of crude dropped below the $104 per barrel price on Monday as Libya is expected to increase its exports to offset the strong job growth in the U.S. By the early afternoon in the European financial markets, crude in the U.S.... 
Argentina’s Economy Continues to Struggle

Argentina’s Economy Continues to Struggle

Argentina is said to be rich in natural resources, have a highly literate populous, an agricultural sector that is export oriented and an industrial base that is diversified. A century ago Argentina was one of the wealthiest countries... 
OPEC Leaves Target for Output Unchanged

OPEC Leaves Target for Output Unchanged

OPEC, the Organization of Petroleum Exporting Countries, which is the supplier of close to 40% of the crude oil in the world, announced it was keeping its target for production unchanged at approximately 30 million barrels per day,... 
GlaxoSmithKline Being Probed over Bribe Claims

GlaxoSmithKline Being Probed over Bribe Claims

Embattled British pharmaceutical giants GlaxoSmithKline confirmed the police in the United Kingdom were investigating it over business practices. The SFO or Serious Fraud Office in Britain is investigating GSK. The pharmaceutical firm... 
Fourth Shooting Victim in Brussels Dies

Fourth Shooting Victim in Brussels Dies

Police have appealed for help from the public and released surveillance photos last Sunday to locate the sole gunman who is at large after fatally shooting three people inside a Jewish museum on Saturday in Brussels. A fourth victim... 
Oldest India Car Factory Stops Elite Sedan Production

Oldest India Car Factory Stops Elite Sedan Production

The oldest auto factory in India has abruptly stopped the production of its large Ambassador sedan. The sedan has a history that dates back nearly seven decades as the car of India’s elite. It was not clear how long the factory would... 
Palestinian and Israeli Leaders Heading to Vatican

Palestinian and Israeli Leaders Heading to Vatican

A dramatic plunge was made by Pope Francis on Sunday into politics in the Middle East while on his pilgrimage in the Holy Land. He received acceptance from the leaders of the Palestinians and Israel to visit the Vatican in June to... 
U.S. Wins Auto Dispute Against China

U.S. Wins Auto Dispute Against China

The United State scored a big victory in a case before the World Trade Organization that challenged the penalty tariffs placed by China on the sale of more than $5 billion in vehicles sold in China that were made in the U.S. A panel... 
Real Madrid Wins Champions League

Real Madrid Wins Champions League

On Saturday night in Lisbon, Portugal at the Estadio da Luz Real Madrid defeated Atletico Madrid 4-1 in extra time to win the Champions League. The victory by Real was their 10th European League Championship and their first since 2002. Atletico...